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Property profile & analytics
OFF-MARKET
Estimated value
$1,355,000
Commercial real estate
506 Elm St, De Soto, IA 50069-7707
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US25-0170987
Property summary
AI-generated overview
This exceptional 11,750-square-foot industrial warehouse in De Soto, Iowa, presents a unique sale-leaseback opportunity. Located at 506 Elm St, this single-story, Class B building boasts all-steel construction and sits on a 0.57-acre lot. Built in 1987 and renovated in 2021, the property features two units, each approximately 5,875 square feet. Currently, the occupancy is 50%, with the current owner leasing back half the space at $4,000 per month NNN. This leaves 5,875 square feet available for immediate occupancy or leasing to a third party. The property is zoned C and offers convenient access to a nearby railroad spur, along with permitted outside storage. The asking price is $1,100,000, representing a price per square foot of $93.62 and a price per unit of $550,000. The property's Net Operating Income (NOI) is $48,000, yielding a 4.36% cap rate. This investment presents a compelling blend of immediate income and future growth potential. The property's location in De Soto, Iowa, within Dallas County (zip code 50069), offers a strategic advantage for businesses seeking efficient logistics and operations. This is a single-tenant, NNN lease property.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1987
Total area
11,760 SF
Lot
0.56 ac (24,593 SF)
APN
1530138002
UPID
US25-0170987
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
-
ACW Manufacturing Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.50M
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.36M
Owner & transaction history
Roeder Props LLC · 7 yrs held
Roeder Props LLC
since 2018
2 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 De Soto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs De Soto 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,615,000
6.5%
$1,495,000
7%
$1,385,000
Blend value · Realmo final
$1.36M
Range $1.22M – $1.49M · ±10%
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
$115 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,834
Tax year 2022
Assessed value
$257,980
Assessed 2023
Previous assessed
$178,440
+44.6% YoY
Effective rate
1.49%
On assessed value
Assessed land
$49,190
Assessed improvement
$208,790
Land market value
$49,190
Improvement market value
$208,790
Total market value
$257,980
Applied tax rate
440,000.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
11,760 SF
Lot
0.56 ac (24,593 SF)
APN
1530138002
UPID
US25-0170987
Jurisdiction
DALLAS
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
1987
Heating
NONE
Stories
1
Lot
0.56 ac
Current owner
From public records · entity-resolved
Roeder Props LLC
Entity
Mailing address
105 FELLER CURV, VAN METER, IA 50261-9738
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2025
—
Roeder Properties LLC
—
Deed
related
$150,000 · Raccoon Valley Bank
Sep 6, 2018
$309,875
Roeder Props LLC
Acw Mfg INC
Warranty Deed
$285,000 · Raccoon Vly Bk
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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