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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Flex space
4240 Riders Rd, Hudson, IA 50643
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2289820
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2019
Construction
FRAME
Total area
11,200 SF
Lot
0.85 ac (37,026 SF)
APN
8814-02-402-006
UPID
US25-2289820
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
$910k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$910k
Owner & transaction history
Bkks Holdings LLC · 1 yrs held
Bkks Holdings LLC
since 2024
Last sale
$910,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+193.4%
Restaurant
$990,000
+113.1%
Office building
$915,000
+97.2%
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 Hudson submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hudson 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
$910,000
ML approach
$910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,360,000
Change: +193% · Conversion: Difficult
RESTAURANT
$990,000
Change: +113% · Conversion: Difficult
OFFICE BUILDING
$915,000
Change: +97% · Conversion: Difficult
AUTO REPAIR, GARAGE
$815,000
Change: +75% · Conversion: Easy
RETAIL STORES
$705,000
Change: +52% · Conversion: Moderate
MEDICAL BUILDING
$640,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $910k (Apr 4 2024)
Last sale anchor
$910k
Apr 4 2024
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
$81 / 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
$20,865
Tax year 2023
Assessed value
$732,810
Assessed 2024
Previous assessed
$732,810
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$127,500
Assessed improvement
$605,310
Land market value
$127,500
Improvement market value
$605,310
Total market value
$732,810
Applied tax rate
190,001.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
NONE
Stories
1
Total area
11,200 SF
Lot
0.85 ac (37,026 SF)
APN
8814-02-402-006
UPID
US25-2289820
Jurisdiction
BLACK HAWK
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
COMMERCIAL (GENERAL)
Est. value
$1.4M
RESTAURANT
Est. value
$990,000
OFFICE BUILDING
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$815,000
RETAIL STORES
Est. value
$705,000
MEDICAL BUILDING
Est. value
$640,000
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
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
2019
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.85 ac
Current owner
From public records · entity-resolved
Bkks Holdings LLC
Entity
Mailing address
1105 W 2ND ST, CEDAR FALLS, IA 50613-2229
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2024
—
Bkks Holdings LLC
Tyler S Kunkle
Warranty Deed
$736,161 · Farmers State Bank
Apr 4, 2024
$910,000
Bockes & Kunkle Holdings LLC
Dirtworks Construction LLC
Warranty Deed
$901,637 · Farmers State Bank
Feb 2, 2022
—
Dirtworks Construction LLC
—
Deed
related
$450,000 · West Bank
Dec 30, 2020
$476,000
Bt Holdings LLC
Dirtworks Construction LLC
Warranty Deed
$393,750 · Veridian Cu
Jan 31, 2019
—
Dirtworks Constructn LLC
—
Deed
related
$464,000 · University Of Iowa Credit Union
Jul 2, 2018
—
Dirtworks Construction
—
Deed
related
$123,750 · University Of Iowa Credit Union
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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