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Property profile & analytics
OFF-MARKET
Estimated value
$1,775,000
Assisted living facilities
4715 Algonquin Dr Cedar Falls, IA 50613-1216
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-1281946
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2020
Construction
FRAME
Total area
123,653 SF
Lot
8.66 ac (377,229 SF)
APN
8914-26-202-020
UPID
US25-1281946
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
-
CedarStone Senior Living Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.78M
Owner & transaction history
4715 Algonquin Dr Propco LLC
4715 Algonquin Dr Propco LLC
since 2026
Last sale
$1.9M
6 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 Cedar Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Falls 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
$1,710,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.78M
Range $1.60M – $1.95M · ±10% · vs last sale $1.90M (Sep 23 2020)
Last sale anchor
$1.90M
Sep 23 2020
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
$14 / 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
$250,150
Tax year 2023
Assessed value
$16,000,000
Assessed 2024
Previous assessed
$16,000,000
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,107,750
Assessed improvement
$14,892,250
Land market value
$1,107,750
Improvement market value
$14,892,250
Total market value
$16,000,000
Applied tax rate
910,001.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
NONE
Stories
3
Total area
123,653 SF
Lot
8.66 ac (377,229 SF)
APN
8914-26-202-020
UPID
US25-1281946
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
Building & site characteristics
From public records
Year built
2020
Construction
FRAME
Heating
NONE
Stories
3
Lot
8.66 ac
Current owner
From public records · entity-resolved
4715 Algonquin Dr Propco LLC
Entity
Free & Clear · 0 yrs held
Mailing address
405 6TH AVE STE #201, DES MOINES, IA 50309-2412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 27, 2026
$34,322,500
4715 Algonquin Dr Propco LLC
Greenhill Village Senior Living LLC
Warranty Deed
—
Sep 23, 2020
$1,900,000
Greenhill Village Senior Living LLC
Nelson Development 1 LLC
Warranty Deed
$25,643,257 · Veridian Cu
Apr 10, 2017
$583,500
Caseys Marketing Company
Greenhill Village Commercial LLC
Warranty Deed
—
Nov 8, 2012
$37,000
Redwood Enterprises LLC
Greenhill Village Residential LLC
Warranty Deed
—
Mar 27, 2009
$46,000
Inspired Homes INC
Greenhill Village Residential LLC
Warranty Deed
—
Oct 10, 2008
$210,000
Greenhill Village Residential LLC C
Crbt Asseta LLC Co
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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