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Property profile & analytics
OFF-MARKET
Flex space
404 Lewis Blvd Sergeant Bluff, IA 51054-8534
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0282003
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1994
Construction
FRAME
Total area
3,888 SF
Lot
0.13 ac (5,820 SF)
Zoning code
C-28
APN
884730405004
UPID
US25-0282003
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
-
Mobile Truck And Trailer Repair Auto Repair Shop
-
Mobile Truck And Trailer Service Auto Repair Shop
-
Mobile Diesel Truck Repair Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Blue Chair Retreat LLC · 3 yrs held
Blue Chair Retreat LLC
since 2023
Last sale
$225,000
3 recorded transactions
Zoning & alternative use
C-28 · Sergeant Bluff, 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 Sergeant Bluff submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sergeant Bluff 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,166
Tax year 2023
Assessed value
$144,820
Assessed 2024
Previous assessed
$144,820
+0.0% YoY
Effective rate
1.50%
On assessed value
Assessed land
$14,990
Assessed improvement
$129,830
Land market value
$14,990
Improvement market value
$129,830
Total market value
$144,820
Applied tax rate
71.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1994
Construction
FRAME
Heating
NONE
Stories
1
Total area
3,888 SF
Lot
0.13 ac (5,820 SF)
Zoning code
C-28
APN
884730405004
UPID
US25-0282003
Jurisdiction
WOODBURY
Zoning & alternative use
C-28 · Sergeant Bluff, IA
Zoning C-28 · permitted uses
C-28 · Sergeant Bluff, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sergeant Bluff. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Blue Chair Retreat LLC
Entity
Mailing address
4902 DEROCHER PATH, SIOUX CITY, IA 51106-9624
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
—
Blue Chair Retreat LLC
—
Deed
related
$375,000 · Peoples Bank
May 3, 2023
$225,000
Blue Chair Retreat LLC
Kars Investment LLC
Warranty Deed
$275,800 · Midstates Bank NA
—
—
Kars Investments LLC
—
Deed Of Trust
related
$55,180 · First National Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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