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Property profile & analytics
OFF-MARKET
Medical Office Space
421 Main St Reinbeck, IA 50669-1049
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2400021
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1921
Construction
CONCRETE BLOCKS
Total area
1,606 SF
Lot
0.07 ac (2,904 SF)
APN
871528204012
UPID
US25-2400021
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
-
Dr. James A. Selenke, MD Physician
-
Generational Wealth Partners - Ameriprise Financial Services, LLC Financial Advisor
-
Nick Blasberg - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Kyle Rasmussen - Private Wealth Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Dr. Gregory A. Selenke, DO Pediatrician Physician
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
B&r Holdings LLC · 2 yrs held
B&r Holdings LLC
since 2023
Last sale
$80,000
3 recorded transactions
Zoning & alternative use
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 Reinbeck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Reinbeck 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
$1,230
Tax year 2023
Assessed value
$89,050
Assessed 2024
Previous assessed
$89,050
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$5,390
Assessed improvement
$83,660
Land market value
$5,390
Improvement market value
$83,660
Total market value
$89,050
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1921
Construction
CONCRETE BLOCKS
Stories
1
Total area
1,606 SF
Lot
0.07 ac (2,904 SF)
APN
871528204012
UPID
US25-2400021
Jurisdiction
GRUNDY
Zoning & alternative use
Zoning · permitted uses
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
1921
Construction
CONCRETE BLOCKS
Stories
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
B&r Holdings LLC
Entity
Mailing address
101 FIELDSTONE DR, REINBECK, IA 50669-2200
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
Oct 23, 2023
$80,000
B&r Holdings LLC
Allen Memorial Hospital Corporation
Warranty Deed
$68,000 · Lincoln Savings Bank
Dec 27, 2022
$130,000
Allen Memorial Hospital Corp
Hudson Health Properties LLC
Warranty Deed
—
Jul 26, 2017
$198,500
Matthew C Allain
Marilyn E Burke
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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