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Property profile & analytics
FOR SALE
Office Spaces
4299 Lewis Access Rd 1B Center Point, IA 52213
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0054653
For Sale
$119,790
4299 Lewis Access Rd,Unit 1B, Center Point, IA 52213
View Listing →
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1996
Total area
4,620 SF
Lot
16.04 ac (698,702 SF)
Zoning code
HC
APN
05-16-4-52-001-0-0000
UPID
US25-0054653
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kramer Farmland LLC · 5 yrs held
Kramer Farmland LLC
since 2021
5 recorded transactions
Zoning & alternative use
HC · Center Point, IA
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 Center Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Center Point 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 2022Property tax & assessments
Tax year 2022
Tax billed
$15,570
Tax year 2022
Assessed value
$518,200
Assessed 2023
Previous assessed
$498,000
+4.1% YoY
Effective rate
3.00%
On assessed value
Assessed land
$316,900
Assessed improvement
$201,300
Land market value
$316,900
Improvement market value
$201,300
Total market value
$518,200
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
For Sale
Year built
1996
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
4,620 SF
Lot
16.04 ac (698,702 SF)
Zoning code
HC
APN
05-16-4-52-001-0-0000
UPID
US25-0054653
Jurisdiction
LINN
Zoning & alternative use
HC · Center Point, IAZoning HC · permitted uses
HC · Center Point, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Center Point, IA
Building & site characteristics
From public records
Year built
1996
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
16.04 ac
Current owner
From public records · entity-resolved
Kramer Farmland LLC
Entity
Mailing address
1952 330TH ST, ROWLEY, IA 52329-9727
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2021
—
Local Capital Partners LLC
—
Deed
related
$783,500 · Ohnward Bank & Trust Co
Jan 25, 2021
$783,500
Kramer Farmland LLC
Tmt Farms LLC
Warranty Deed
$626,800 · Ohnward Bk & Tr
Jan 6, 2011
$671,000
Tmt Farms LLC
Abernathey Family Farms LLC
Warranty Deed
—
Jun 3, 2009
$450,000
Abernathey Family Farms LLC
Ferring,john A & Marsha E
Warranty Deed
—
—
—
John A Ferring
—
Deed Of Trust
related
$730,000 · Farmers State 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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