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Property profile & analytics
OFF-MARKET
Estimated value
$40,680,000
Hospitals
701 Forevergreen Rd North Liberty, IA 52317
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0841504
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
2022
Total area
469,000 SF
Lot
36.78 ac (1,602,136 SF)
APN
624301002
UPID
US25-0841504
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
-
University of Iowa Hospitals and Clinics Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$40.68M
Blend (final)
Blend
$40.68M
Owner & transaction history
BOARD OF REGENTS STATE OF IOWA & BENEFIT OF UNIVER
BOARD OF REGENTS STATE OF IOWA & BENEFIT OF UNIVER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$62.3M
+66.5%
Industrial (general)
$56.9M
+52.1%
Auto repair, garage
$55.6M
+48.6%
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 North Liberty submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Liberty 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$37,430,000
Current use
WAREHOUSE, STORAGE
$62,320,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$56,915,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$55,620,000
Change: +49% · Conversion: Difficult
RESTAURANT
$55,100,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$40.68M
Range $36.61M – $44.75M · ±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
$87 / 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
Assessed value
$109,393,600
Assessed 2024
Previous assessed
$30,925,200
+253.7% YoY
Total market value
$109,393,600
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
2022
Stories
1
Total area
469,000 SF
Lot
36.78 ac (1,602,136 SF)
APN
624301002
UPID
US25-0841504
Jurisdiction
JOHNSON
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
MEDICAL BUILDING Current
Est. value
$37.4M
WAREHOUSE, STORAGE
Est. value
$62.3M
INDUSTRIAL (GENERAL)
Est. value
$56.9M
AUTO REPAIR, GARAGE
Est. value
$55.6M
RESTAURANT
Est. value
$55.1M
MEDICAL BUILDING Current
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
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
2022
Stories
1
Lot
36.78 ac
Current owner
From public records · entity-resolved
BOARD OF REGENTS STATE OF IOWA & BENEFIT OF UNIVER
Individual
Free & Clear · 0 yrs held
Mailing address
4 JESSUP HALL, IOWA CITY, IA 52242-1302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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