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Property profile & analytics
OFF-MARKET
Estimated value
$11,940,000
Warehouses
395 Herky St North Liberty, IA 52317-8523
Entity Owned
9-yr Hold
Free & Clear
Property ID
US25-2356288
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
120,000 SF
Lot
13.94 ac (607,376 SF)
APN
610303006
UPID
US25-2356288
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
Current use
Occupant on record · Public records
-
JRRW Transport Inc Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.39M
Comparable Approach
Comparable
$9.62M
Blend (final)
Blend
$11.94M
Owner & transaction history
Jm Swank LLC · 9 yrs held
Jm Swank LLC
since 2016
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$18.9M
+45.5%
Office building
$15.5M
+19.2%
Commercial (general)
$13.2M
+1.4%
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 North Liberty submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,585,000
6.5%
$14,385,000
7%
$13,360,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,980,000
Current use
RETAIL STORES
$18,880,000
Change: +45% · Conversion: Moderate
OFFICE BUILDING
$15,475,000
Change: +19% · Conversion: Difficult
COMMERCIAL (GENERAL)
$13,160,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,215,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$11.94M
Range $10.75M – $13.13M · ±10%
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
$100 / 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
$221,764
Tax year 2023
Assessed value
$6,823,200
Assessed 2024
Previous assessed
$6,823,200
+0.0% YoY
Effective rate
3.25%
On assessed value
Assessed land
$2,551,000
Assessed improvement
$4,272,200
Land market value
$2,551,000
Improvement market value
$4,272,200
Total market value
$6,823,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
2004
Stories
1
Total area
120,000 SF
Lot
13.94 ac (607,376 SF)
APN
610303006
UPID
US25-2356288
Jurisdiction
JOHNSON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.0M
RETAIL STORES
Est. value
$18.9M
OFFICE BUILDING
Est. value
$15.5M
COMMERCIAL (GENERAL)
Est. value
$13.2M
INDUSTRIAL (GENERAL)
Est. value
$11.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Stories
1
Lot
13.94 ac
Current owner
From public records · entity-resolved
Jm Swank LLC
Entity
Free & Clear · 9 yrs held
Mailing address
395 N HERKY ST BLDG S, NORTH LIBERTY, IA 52317-8523
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2016
$3,500,000
Jm Swank LLC
Conagra Foods INC
Special 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.
Try Rey
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