New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,935,000
Office Spaces
701 Tama St Bldg A, Marion, IA 52302-4815
Entity Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0322093
Property summary
AI-generated overview
701 Tama Street SE in Marion, Iowa, offers a diverse range of premium office spaces for lease. This Class A property boasts a total of 40,000 square feet across two stories, housed within a single building in Linn County. The building is ideally suited for a variety of businesses, catering to executive office needs, coworking spaces, medical offices, and creative office environments. Multiple tenancy options are available, with a minimum leasable space of 6,000 square feet and a maximum contiguous space of 25,000 square feet. Currently, there are 22,000 square feet of vacant space ready for immediate occupancy. The property's location in Marion, Iowa, zip code 52302, provides convenient access to local amenities and transportation networks. This versatile property presents a unique opportunity for businesses seeking flexible and high-quality office accommodations in a thriving community. The building's design and amenities are tailored to meet the demands of modern professional settings, ensuring a productive and comfortable work environment. Interested parties are encouraged to inquire about available spaces and lease terms. The property is categorized as Professional Office space, further highlighting its suitability for a wide range of businesses.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2006
Total area
25,151 SF
Lot
1.87 ac (81,457 SF)
APN
14-12-2-27-003-0-1000
UPID
US25-0322093
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.94M
Owner & transaction history
Icor Dev Co Iowa Rlty · 26 yrs held
Icor Dev Co Iowa Rlty
since 1999
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+79.1%
Auto repair, garage
$2.7M
+68.7%
Neighborhood: shopping center
$2.6M
+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
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
COMMERCIAL (GENERAL)
$1,590,000
Current use
RESTAURANT
$2,845,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,685,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,580,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$2,510,000
Change: +58% · Conversion: Easy
RETAIL STORES
$2,025,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$1,990,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,540,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$1.94M
Range $1.74M – $2.13M · ±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
$77 / 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
$85,554
Tax year 2022
Assessed value
$2,198,700
Assessed 2023
Previous assessed
$2,568,300
-14.4% YoY
Effective rate
3.89%
On assessed value
Assessed land
$728,900
Assessed improvement
$1,469,800
Land market value
$728,900
Improvement market value
$1,469,800
Total market value
$2,198,700
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
2006
Heating
NONE
Buildings
2
Total area
25,151 SF
Lot
1.87 ac (81,457 SF)
APN
14-12-2-27-003-0-1000
UPID
US25-0322093
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
$1.6M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
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
2006
Heating
NONE
Buildings
2
Lot
1.87 ac
Current owner
From public records · entity-resolved
Icor Dev Co Iowa Rlty
Entity
Free & Clear · 26 yrs held
Mailing address
8410 GROSS PT RD, SKOKIE, IL 60077-2046
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 1999
$675,000
Icor Dev Co Iowa Rlty
Owner Name Unavailable
Grant Deed
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 701 Tama St Bldg A?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
