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Property profile & analytics
OFF-MARKET
Estimated value
$4,975,000
Warehouses
5660 Hubbell Ave Altoona, IA 50009-9570
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0420761
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1984
Construction
STEEL FRAME
Total area
38,100 SF
Lot
8.11 ac (353,227 SF)
Zoning code
C-2
APN
171/00118-004-003
UPID
US25-0420761
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
$5.21M
CAP Approach
CAP
$4.53M
Comparable Approach
Comparable
$3.35M
Blend (final)
Blend
$4.98M
Owner & transaction history
Store Master Funding X LLC · 4 yrs held
Store Master Funding X LLC
since 2021
Last sale
$5.1M
2 recorded transactions
Zoning & alternative use
C-2 · Altoona, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.6M
+101.8%
Auto repair, garage
$5.9M
+82.1%
Apartment house (5+ units)
$5.8M
+77.5%
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 Altoona submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Altoona 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
$4,905,000
ML approach
$5,205,000
CAP Approach
CAP Return
Estimation
6%
$4,905,000
6.5%
$4,530,000
7%
$4,205,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,250,000
Current use
RESTAURANT
$6,560,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,920,000
Change: +82% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,770,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$5,750,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$4,445,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,170,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,755,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$4.98M
Range $4.48M – $5.47M · ±10% · vs last sale $5.11M (Apr 21 2021)
Last sale anchor
$5.11M
Apr 21 2021
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
$131 / 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
$110,074
Tax year 2023
Assessed value
$3,360,000
Assessed 2024
Previous assessed
$3,360,000
+0.0% YoY
Effective rate
3.28%
On assessed value
Assessed land
$1,280,000
Assessed improvement
$2,080,000
Land market value
$1,280,000
Improvement market value
$2,080,000
Total market value
$3,360,000
Applied tax rate
3.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
STEEL FRAME
Heating
YES
Buildings
3
Stories
1
Rooms
4
Bathrooms
1
Total area
38,100 SF
Lot
8.11 ac (353,227 SF)
Zoning code
C-2
APN
171/00118-004-003
UPID
US25-0420761
Jurisdiction
POLK
Zoning & alternative use
C-2 · Altoona, IA
Zoning C-2 · permitted uses
C-2 · Altoona, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Altoona. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.3M
RESTAURANT
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$5.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
MEDICAL BUILDING
Est. value
$5.8M
RETAIL STORES
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
3
Rooms
4
Bathrooms
1
Lot
8.11 ac
Current owner
From public records · entity-resolved
Store Master Funding X LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1000 CORPORATE GRV DR, BUFFALO GROVE, IL 60089-4550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Sep 17, 2021
—
Store Master Funding X LLC
Gilcrest Jewett Lumber Company LLC
Re-recorded Document
related
—
Apr 21, 2021
$5,113,500
Store Master Funding X LLC
Gilcrest Jewett Lumber Company LLC
Special Warranty Deed
$5,260,000 · Citibank NA
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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