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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Hotels
485 Madison Ave North Liberty, IA 52317-7818
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2291459
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
WOOD
Total area
41,788 SF
Lot
1.9 ac (82,764 SF)
APN
610406005
UPID
US25-2291459
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
-
Sleep Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.77M
CAP Approach
CAP
$3.96M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.01M
Owner & transaction history
Ishika Hospitality INC · 4 yrs held
Ishika Hospitality INC
since 2022
Last sale
$3.4M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$6.3M
+547.8%
Warehouse, storage
$5.6M
+469.1%
Industrial (general)
$5.1M
+419.7%
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 North Liberty submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Liberty 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
$4,525,000
ML approach
$4,765,000
CAP Approach
CAP Return
Estimation
6%
$4,285,000
6.5%
$3,960,000
7%
$3,675,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$6,320,000
Change: +548% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,555,000
Change: +469% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,070,000
Change: +420% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,955,000
Change: +408% · Conversion: Difficult
RESTAURANT
$4,910,000
Change: +403% · Conversion: Difficult
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±10% · vs last sale $3.40M (Jun 21 2022)
Last sale anchor
$3.40M
Jun 21 2022
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
$96 / 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
$80,498
Tax year 2023
Assessed value
$2,523,100
Assessed 2024
Previous assessed
$2,523,100
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$496,600
Assessed improvement
$2,026,500
Land market value
$496,600
Improvement market value
$2,026,500
Total market value
$2,523,100
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2007
Construction
WOOD
Buildings
2
Stories
3
Total area
41,788 SF
Lot
1.9 ac (82,764 SF)
APN
610406005
UPID
US25-2291459
Jurisdiction
JOHNSON
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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.1M
AUTO REPAIR, GARAGE
Est. value
$5.0M
RESTAURANT
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
2007
Construction
WOOD
Stories
3
Buildings
2
Lot
1.9 ac
Current owner
From public records · entity-resolved
Ishika Hospitality INC
Entity
Mailing address
1204 N SNAPPER RD, NAPERVILLE, IL 60563-3726
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$3,400,000
Ishika Hospitality INC
North Liberty Hotels LLC
Warranty Deed
$1,025,400 · First Dakota National 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.
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