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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Warehouses
4455 Commercial Ave, Marion, IA 52302
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0184530
Property summary
AI-generated overview
This newly developed, 6,976 square foot retail building at 4455 Commercial Ave offers a fantastic opportunity for automotive-related businesses. Currently, 5,000 square feet is available for lease, with flexible suite sizes ranging from 2,317 to 5,000 square feet. The property boasts a highly visible location at the intersection of 10th Avenue and 44th Street, benefiting from an impressive daily traffic count of nearly 12,000 vehicles, according to IDOT. Built in 2025, this single-story building is zoned M-1 and features a co-tenant, a quick service oil change provider, creating a synergistic environment. The space is ideally suited for a tire shop, detail center, or similar automotive business. This is a unique opportunity to secure a space in a brand-new, high-traffic location at an introductory lease rate. The APN is 10324-76031-00000. Don't miss out on this chance to establish your business in a thriving commercial area. Concept renderings are available upon request.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Total area
5,082 SF
Lot
1.38 ac (60,113 SF)
APN
10-32-4-76-031-0-0000
UPID
US25-0184530
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$389k
Blend (final)
Blend
$530k
Owner & transaction history
John Khairallah · 2 yrs held
John Khairallah
since 2024
Last sale
$530,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$575,000
+130.8%
Auto repair, garage
$540,000
+117.5%
Neighborhood: shopping center
$520,000
+109.3%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$530,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$575,000
Change: +131% · Conversion: Difficult
AUTO REPAIR, GARAGE
$540,000
Change: +118% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +109% · Conversion: Moderate
MEDICAL BUILDING
$510,000
Change: +104% · Conversion: Difficult
RETAIL STORES
$410,000
Change: +64% · Conversion: Moderate
OFFICE BUILDING
$405,000
Change: +62% · Conversion: Difficult
COMMERCIAL (GENERAL)
$320,000
Change: +29% · Conversion: Difficult
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $530k (Jun 3 2024)
Last sale anchor
$530k
Jun 3 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
$104 / 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
$14,086
Tax year 2023
Assessed value
$458,500
Assessed 2024
Previous assessed
$458,500
+0.0% YoY
Effective rate
3.07%
On assessed value
Assessed land
$268,100
Assessed improvement
$190,400
Land market value
$268,100
Improvement market value
$190,400
Total market value
$458,500
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Heating
HOT WATER
Buildings
3
Stories
1
Total area
5,082 SF
Lot
1.38 ac (60,113 SF)
APN
10-32-4-76-031-0-0000
UPID
US25-0184530
Jurisdiction
LINN
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
RESTAURANT
Est. value
$575,000
AUTO REPAIR, GARAGE
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
MEDICAL BUILDING
Est. value
$510,000
RETAIL STORES
Est. value
$410,000
OFFICE BUILDING
Est. value
$405,000
COMMERCIAL (GENERAL)
Est. value
$320,000
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (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
1984
Heating
HOT WATER
Stories
1
Buildings
3
Lot
1.38 ac
Current owner
From public records · entity-resolved
John Khairallah
Individual
Mailing address
4847 OAK GRV CT NE, CEDAR RAPIDS, IA 52411-6789
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
Jun 3, 2024
$530,000
John Khairallah
Moline & Sons Properties LLC
Warranty Deed
$530,000 · Farmers State Bank
Nov 4, 2019
—
Eco Lips INC
—
Deed
related
$525,000 · Cedar Rapids Bk&tr
Feb 19, 2019
$400,000
Eco Lips INC
Hubbell Group LLC
Warranty Deed
$350,000 · Bankers Tr
Nov 17, 2010
$341,500
Hubbell Group LLC
Tanner,eric N & Cristal K
Warranty Deed
—
—
—
Eco Lips INC
—
Deed Of Trust
related
$525,000 · Cedar Rapids Bk&tr
—
—
Hubbell Group LLC
—
Deed Of Trust
related
$273,500 · Bankers Trust Co
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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