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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Auto shops
510 Nile Kinnick N Dr Adel, IA 50003-1114
Entity Owned
~
Est. High Equity
Property ID
US25-0184798
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1971
Total area
6,771 SF
Lot
1.21 ac (52,800 SF)
APN
1129401001
UPID
US25-0184798
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
-
The Car Store Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$575k
Owner & transaction history
Impakt Real Estate LLC
Impakt Real Estate LLC
since 2025
Last sale
$600,000
7 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 Adel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Adel 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
$535,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $600k (Jan 8 2025)
Last sale anchor
$600k
Jan 8 2025
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
$85 / 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
$7,658
Tax year 2022
Assessed value
$334,540
Assessed 2023
Previous assessed
$291,960
+14.6% YoY
Effective rate
2.29%
On assessed value
Assessed land
$105,600
Assessed improvement
$228,940
Land market value
$105,600
Improvement market value
$228,940
Total market value
$334,540
Applied tax rate
540,000.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
6,771 SF
Lot
1.21 ac (52,800 SF)
APN
1129401001
UPID
US25-0184798
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
1971
Heating
NONE
Stories
1
Lot
1.21 ac
Current owner
From public records · entity-resolved
Impakt Real Estate LLC
Entity
Mailing address
510 NILE KINNICK DR N, ADEL, IA 50003-1114
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2025
—
Impakt Real Estate LLC
—
Deed
related
$328,500 · Northwest Bank
Sep 2, 2025
—
Impaki Real Estate LLC
—
Deed
related
$328,500 · Northwest Bank
Aug 29, 2025
—
Impakt Real Estate LLC
Impakt Investments LLC
Deed
related
$328,500 · Northwest Bank
Jul 16, 2025
—
Impakt Real Estate LLC
—
Deed
related
$272,000 · Iowa Business Growth Company
Feb 18, 2025
—
Impakt Investments LLC
Kinnick North LLC
Deed
related
—
Jan 8, 2025
—
Impakt Real Estate LLC
Impakt Investments LLC
Quitclaim Deed
related
$328,500 · Northwest Bank
Dec 23, 2024
$600,000
Impakt Investments LLC
Kinnick North LLC
Warranty Deed
$328,500 · Northwest Bank
Oct 20, 2016
—
Kinnick North LLC
Cunningham,thomas M & Judith L
Quit Claim Deed
related
—
Oct 17, 2016
—
Kinnick North LLC
—
Deed
related
$300,000 · Charter Bk
Aug 1, 2008
—
Kinnick North LLC
Cunningham,john P & Nancy E
Warranty Deed
$125,000 · Charter Bank
Aug 1, 2008
$125,000
Ronald G Plagmann
Cunningham,thomas M & Judith L
Warranty Deed
—
Jul 29, 2008
—
John P Cunningham
Cunningham,lenore
Quit Claim Deed
related
—
—
—
Kinnick North LLC
—
Deed Of Trust
related
$300,000 · Charter 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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