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Property profile & analytics
OFF-MARKET
Estimated value
$475,000
Office Spaces
625 51st St Marion, IA 52302-3855
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0409181
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1989
Total area
5,376 SF
Lot
3.05 ac (132,858 SF)
APN
15-04-2-51-001-0-0000
UPID
US25-0409181
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
$480k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$410k
Blend (final)
Blend
$475k
Owner & transaction history
T & Z Holdings LLC · 4 yrs held
T & Z Holdings LLC
since 2021
Last sale
$538,000
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$610,000
+79.1%
Auto repair, garage
$575,000
+68.7%
Neighborhood: shopping center
$550,000
+62.4%
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 Marion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marion 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
$475,000
ML approach
$480,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$340,000
Current use
RESTAURANT
$610,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$575,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$550,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: +58% · Conversion: Easy
RETAIL STORES
$435,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$425,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$330,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$475k
Range $428k – $523k · ±10% · vs last sale $538k (Aug 20 2021)
Last sale anchor
$538k
Aug 20 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
$88 / 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
$13,536
Tax year 2022
Assessed value
$525,900
Assessed 2023
Previous assessed
$429,300
+22.5% YoY
Effective rate
2.57%
On assessed value
Assessed land
$328,300
Assessed improvement
$197,600
Land market value
$328,300
Improvement market value
$197,600
Total market value
$525,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1989
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Bathrooms
2
Total area
5,376 SF
Lot
3.05 ac (132,858 SF)
APN
15-04-2-51-001-0-0000
UPID
US25-0409181
Jurisdiction
LINN
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
COMMERCIAL (GENERAL) Current
Est. value
$340,000
RESTAURANT
Est. value
$610,000
AUTO REPAIR, GARAGE
Est. value
$575,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$550,000
MEDICAL BUILDING
Est. value
$535,000
RETAIL STORES
Est. value
$435,000
OFFICE BUILDING
Est. value
$425,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$330,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1989
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
3.05 ac
Current owner
From public records · entity-resolved
T & Z Holdings LLC
Entity
Mailing address
5440 TRIPLE CROWN DR, MARION, IA 52302-9074
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
—
T & Z Holdings LLC
—
Deed
related
$459,000 · Dubuque Bank & Trust Co
Aug 20, 2021
$538,000
T & Z Holdings LLC
Alsa LLC
Warranty Deed
$459,000 · Dubuque Bank & Trust Co
Oct 8, 2014
$400,000
Alsa LLC
Ellison,rick
Grant Deed
—
Mar 17, 2009
—
Rick Ellison
Barta,lisa K
Quit Claim Deed
related
—
—
—
Ricky R Ellison
—
Deed Of Trust
related
—
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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