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Property profile & analytics
OFF-MARKET
Estimated value
$8,790,000
Warehouses
401 Westcor Dr Coralville, IA 52241-2884
Individually Owned
21-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2291540
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2005
Construction
STEEL FRAME
Total area
80,000 SF
Lot
5.03 ac (219,106 SF)
APN
635228001
UPID
US25-2291540
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
by Request
CAP Approach
CAP
$9.59M
Comparable Approach
Comparable
$6.85M
Blend (final)
Blend
$8.79M
Owner & transaction history
Westinvest Lc · 21 yrs held
Westinvest Lc
since 2005
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$14.6M
+64.7%
Retail stores
$12.6M
+41.6%
Office building
$10.3M
+16.1%
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 Coralville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Coralville 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%
$10,390,000
6.5%
$9,590,000
7%
$8,905,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$8,885,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$14,640,000
Change: +65% · Conversion: Moderate
RETAIL STORES
$12,585,000
Change: +42% · Conversion: Moderate
OFFICE BUILDING
$10,315,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,475,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,475,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$8.79M
Range $7.91M – $9.67M · ±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
$110 / 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
$163,836
Tax year 2023
Assessed value
$4,613,700
Assessed 2024
Previous assessed
$4,660,400
-1.0% YoY
Effective rate
3.55%
On assessed value
Assessed land
$876,400
Assessed improvement
$3,737,300
Total market value
$4,847,100
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
2005
Construction
STEEL FRAME
Stories
1
Total area
80,000 SF
Lot
5.03 ac (219,106 SF)
APN
635228001
UPID
US25-2291540
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
$8.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$14.6M
RETAIL STORES
Est. value
$12.6M
OFFICE BUILDING
Est. value
$10.3M
COMMERCIAL (GENERAL)
Est. value
$9.5M
INDUSTRIAL (GENERAL)
Est. value
$7.5M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
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
2005
Construction
STEEL FRAME
Stories
1
Lot
5.03 ac
Current owner
From public records · entity-resolved
Westinvest Lc
Individual
Free & Clear · 21 yrs held
Mailing address
1212 5TH ST, CORALVILLE, IA 52241-2908
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
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
Mar 28, 2005
$493,000
Westinvest Lc
Southgate Bp Properties 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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