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Property profile & analytics
OFF-MARKET
Estimated value
$205,000
Office buildings
604 Buddy Holly Pl Clear Lake, IA 50428-1379
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0479063
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1951
Total area
3,192 SF
Lot
0.23 ac (9,888 SF)
APN
51320100600
UPID
US25-0479063
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 Beauty Room Spa & Massage Center
-
Talbot Financial Designs Financial Advisor
-
The Olde Creamery Clear Lake Grocery & Convenience Store Specialty Food Shop
-
Continental Western Group Insurance Agency
-
Grabinski Law Firm Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$190k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$205k
Owner & transaction history
Lg Properties LLC · 3 yrs held
Lg Properties LLC
since 2022
Last sale
$200,000
5 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 Clear Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clear Lake 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
$205,000
ML approach
$190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$205k
Range $185k – $226k · ±10% · vs last sale $200k (Sep 2 2022)
Last sale anchor
$200k
Sep 2 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
$64 / 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
$2,444
Tax year 2022
Assessed value
$273,070
Assessed 2024
Previous assessed
$273,070
+0.0% YoY
Effective rate
0.90%
On assessed value
Assessed land
$59,400
Assessed improvement
$213,670
Land market value
$59,400
Improvement market value
$213,670
Total market value
$273,070
Applied tax rate
2,006.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1951
Heating
NONE
Stories
1
Total area
3,192 SF
Lot
0.23 ac (9,888 SF)
APN
51320100600
UPID
US25-0479063
Jurisdiction
CERRO GORDO
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
1951
Heating
NONE
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Lg Properties LLC
Entity
Mailing address
17 COUNTRY CLB PL, CLEAR LAKE, IA 50428-1218
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 2, 2022
$295,000
Lg Properties LLC
Jennifer S Talbot
Warranty Deed
$400,000 · Clear Lake Bank & Trust Co
Sep 2, 2022
$200,000
Jennifer S Talbot
Judith E Vry
Warranty Deed
$400,000 · Clear Lake Bank & Trust Co
Aug 14, 2019
$200,000
Jennifer S Talbot
Judith E Vry
Deed
—
Jul 15, 2019
$200,000
Judith E Vry
John T Lynch T
Deed
—
Jan 7, 2013
$35,000
John T Lynch
S & J Investments
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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