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Property profile & analytics
OFF-MARKET
Hotels
7515 Nordic Dr Cedar Falls, IA 50613-9343
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0031288
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
FRAME
Total area
29,463 SF
Lot
2.07 ac (90,169 SF)
APN
8914-36-376-022
UPID
US25-0031288
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
-
Super 8 by Wyndham Cedar Falls IA - University Hotel & Motel
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
City Of Cedar Falls · 4 yrs held
City Of Cedar Falls
since 2022
Last sale
$4,315
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 Cedar Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cedar Falls 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 2023Property tax & assessments
Tax year 2023
Tax billed
$61,326
Tax year 2023
Assessed value
$2,092,550
Assessed 2024
Previous assessed
$2,092,550
+0.0% YoY
Effective rate
2.93%
On assessed value
Assessed land
$493,190
Assessed improvement
$1,599,360
Land market value
$493,190
Improvement market value
$1,599,360
Total market value
$2,092,550
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Construction
FRAME
Stories
2
Total area
29,463 SF
Lot
2.07 ac (90,169 SF)
APN
8914-36-376-022
UPID
US25-0031288
Jurisdiction
BLACK HAWK
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
2009
Construction
FRAME
Stories
2
Lot
2.07 ac
Current owner
From public records · entity-resolved
City Of Cedar Falls
Entity
Free & Clear · 4 yrs held
Mailing address
7607 BERKSHIRE DR NE, CEDAR RAPIDS, IA 52402-6964
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2023
—
7515nordicdrive LLC
—
Deed
related
$2,063,011 · Community Savings Bank
Jan 11, 2022
$4,315
City Of Cedar Falls
75i5nordicdrive LLC
Warranty Deed
—
Oct 11, 2021
—
Iowa Department Of Transportation
7515nordicdrive LLC
Deed
—
Jan 22, 2021
$2,000,000
7515nordicdrive LLC
Hart Family Hotels INC
Warranty Deed
$2,080,000 · United Midwest Savings Bank
Jan 22, 2021
$2,139,000
Hart Family Hotels INC
Mw Hart INC
Warranty Deed
—
Dec 28, 2009
—
M W Hart INC Co
Huegerich Construction INC Co
Warranty Deed
—
May 6, 2009
$405,000
Huegerich Construction INC Bu
Lockard Land INC Co
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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