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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Warehouses
802 Hillcrest Ave Indianola, IA 50125
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-2399945
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2017
Total area
5,200 SF
Lot
2.7 ac (117,636 SF)
APN
48607010201
UPID
US25-2399945
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
-
Apex Storage Solutions Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$775k
Comparable Approach
Comparable
$578k
Blend (final)
Blend
$560k
Owner & transaction history
Apex Storage Solutions LLC · 1 yrs held
Apex Storage Solutions LLC
since 2025
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$795,000
+108.2%
Office building
$750,000
+96.1%
Medical building
$600,000
+56.8%
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 Indianola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Indianola 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%
$835,000
6.5%
$775,000
7%
$720,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$380,000
Current use
COMMERCIAL (GENERAL)
$795,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$750,000
Change: +96% · Conversion: Difficult
MEDICAL BUILDING
$600,000
Change: +57% · Conversion: Difficult
RESTAURANT
$470,000
Change: +23% · Conversion: Difficult
AUTO REPAIR, GARAGE
$440,000
Change: +15% · Conversion: Easy
INDUSTRIAL (GENERAL)
$425,000
Change: +11% · Conversion: Easy
RETAIL STORES
$390,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$108 / 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
Tax billed
$18,556
Tax year 2023
Assessed value
$670,500
Assessed 2024
Previous assessed
$605,700
+10.7% YoY
Effective rate
2.77%
On assessed value
Assessed land
$161,700
Assessed improvement
$508,800
Total market value
$841,000
Applied tax rate
48,300.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2017
Buildings
5
Stories
1
Total area
5,200 SF
Lot
2.7 ac (117,636 SF)
APN
48607010201
UPID
US25-2399945
Jurisdiction
WARREN
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
WAREHOUSE, STORAGE Current
Est. value
$380,000
COMMERCIAL (GENERAL)
Est. value
$795,000
OFFICE BUILDING
Est. value
$750,000
MEDICAL BUILDING
Est. value
$600,000
RESTAURANT
Est. value
$470,000
AUTO REPAIR, GARAGE
Est. value
$440,000
INDUSTRIAL (GENERAL)
Est. value
$425,000
RETAIL STORES
Est. value
$390,000
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
MEDICAL BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
RETAIL STORES
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
2017
Stories
1
Buildings
5
Lot
2.7 ac
Current owner
From public records · entity-resolved
Apex Storage Solutions LLC
Entity
Mailing address
PO BOX 757, INDIANOLA, IA 50125-0757
Ownership since
2025
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
Mar 27, 2025
—
Apex Storage Solutions LLC
—
Deed
related
$300,000 · Raccoon Valley Bank
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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