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Property profile & analytics
FOR LEASE
Investment properties
739 10Th St Lower Level Marion, IA 52302
Entity Owned
3-yr Hold
Free & Clear
Property ID
US25-0015461
For Lease
1 / 3
Contact for pricing
739 10Th St,Unit Lower Level, Marion, IA 52302
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Total area
14,110 SF
Lot
0.2 ac (8,712 SF)
APN
15-06-2-40-005-0-0000
UPID
US25-0015461
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Marion City Square LLC · 3 yrs held
Marion City Square LLC
since 2023
7 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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,848
Tax year 2022
Assessed value
$467,700
Assessed 2023
Previous assessed
$467,700
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$261,800
Assessed improvement
$205,900
Land market value
$261,800
Improvement market value
$205,900
Total market value
$467,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1880
Heating
FORCED AIR
Cooling
YES
Stories
2
Bathrooms
11
Total area
14,110 SF
Lot
0.2 ac (8,712 SF)
APN
15-06-2-40-005-0-0000
UPID
US25-0015461
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
Building & site characteristics
From public records
Year built
1880
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
11
Lot
0.2 ac
Current owner
From public records · entity-resolved
Marion City Square LLC
Entity
Free & Clear · 3 yrs held
Mailing address
742 8TH AVE, MARION, IA 52302-5755
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2023
—
Marion City Square LLC
Community Savings Bank
Warranty Deed
—
Dec 22, 2017
—
Community Svgs Bk
Owen Block Holding LLC
Warranty Deed
related
—
Aug 8, 2017
—
Owen Block Holding LLC
Capital Commercial Div LLC
Warranty Deed
related
—
Jun 2, 2014
$378,000
Capital Commercial Div LLC
Iowa Heritage Properties LLC
Warranty Deed
related
—
May 2, 2014
$378,000
Capital Commercial Div LLC
Iowa Heritage Properties LLC
Dual Purpose Document
related
$382,500 · Iowa Heritage Properties LLC
Aug 29, 2007
—
Iowa Heritage Properties LLC
—
Trustees Deed
related
$40,000 · Hills Bank & Trust Co
Jul 25, 2005
$515,000
Iowa Heritage Properties LLC
Mango Investments LLC
Warranty Deed
$86,806 · Hills Bank & Trust Co
—
—
Capital Commercial Div LLC
—
Deed Of Trust
related
$276,750 · Community Svgs Bk
—
—
Heritage Properties LLC
—
Deed Of Trust
related
$10,000 · Hills Bank & Trust Co
—
—
Capital Commercial Div LLC
—
Deed Of Trust
related
$100,000 · Nxt Bk-marion
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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