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Property profile & analytics
OFF-MARKET
Estimated value
$1,275,000
Warehouses
3500 Freedom St West Liberty, IA 52776
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-1988974
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Total area
30,000 SF
Lot
6.1 ac (265,716 SF)
Zoning code
M2-HEAVY INDUSTRIAL
APN
113401014
UPID
US25-1988974
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.28M
Owner & transaction history
Rodney Smith JR · 2 yrs held
Rodney Smith JR
since 2023
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
M2-HEAVY INDUSTRIAL · West Liberty, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Liberty submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Liberty submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,505,000
ML approach
$1,325,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.28M
Range $1.15M – $1.40M · ±10% · vs last sale $1.25M (Oct 10 2023)
Last sale anchor
$1.25M
Oct 10 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$14,838
Tax year 2023
Assessed value
$834,690
Assessed 2024
Previous assessed
$541,180
+54.2% YoY
Effective rate
1.78%
On assessed value
Assessed land
$150,940
Assessed improvement
$683,750
Land market value
$150,940
Improvement market value
$683,750
Total market value
$834,690
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2005
Stories
1
Total area
30,000 SF
Lot
6.1 ac (265,716 SF)
Zoning code
M2-HEAVY INDUSTRIAL
APN
113401014
UPID
US25-1988974
Jurisdiction
MUSCATINE
Zoning & alternative use
M2-HEAVY INDUSTRIAL · West Liberty, IAZoning M2-HEAVY INDUSTRIAL · permitted uses
M2-HEAVY INDUSTRIAL · West Liberty, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2005
Stories
1
Lot
6.1 ac
Current owner
From public records · entity-resolved
Rodney Smith JR
Individual
Mailing address
PO BOX 193, WEST LIBERTY, IA 52776-0193
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2023
—
Rodney Smith JR
—
Deed
related
$997,139 · South Ottumwa Savings Bank
Nov 3, 2023
—
JR Smith INC
—
Deed
related
$1,000,000 · South Ottumwa Savings Bank
Oct 10, 2023
$1,250,000
Rodney Smith JR
Ppb Properties LLC
Warranty Deed
—
Feb 11, 2005
—
Ppb Prioperties LLC
West Liberty Fund LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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