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Property profile & analytics
OFF-MARKET
Office buildings
9 Plz Dr Clear Lake, IA 50428-2097
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0474262
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
FRAME
Total area
720 SF
Lot
1.16 ac (50,486 SF)
APN
60743200500
UPID
US25-0474262
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
-
Jean Poland Photography Photography Service (Bike/Boat/Book/etc) Store
-
Keeling Wealth Advisors - Ameriprise Financial Services, LLC Financial Advisor
-
Hair West Hair Salon Nail Salon
-
Colette Gunhus - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
-
Tony C Conroy - Financial Advisor, Ameriprise Financial Services, LLC Financial Advisor
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
Jeffrey A Brakke · 5 yrs held
Jeffrey A Brakke
since 2021
Last sale
$90,000
5 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 Clear Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clear Lake 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
$1,400
Tax year 2022
Assessed value
$101,140
Assessed 2024
Previous assessed
$101,140
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$12,630
Assessed improvement
$88,510
Land market value
$12,630
Improvement market value
$88,510
Total market value
$101,140
Applied tax rate
2,006.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
NONE
Stories
1
Total area
720 SF
Lot
1.16 ac (50,486 SF)
APN
60743200500
UPID
US25-0474262
Jurisdiction
CERRO GORDO
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
1978
Construction
FRAME
Heating
NONE
Stories
1
Lot
1.16 ac
Current owner
From public records · entity-resolved
Jeffrey A Brakke
Individual
Mailing address
17551 KILLDEER AVE, MASON CITY, IA 50401-9657
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2021
$90,000
Jeffrey A Brakke
G2 Insurance Services LLC
Warranty Deed
—
Apr 24, 2017
—
G3 Insurence Services LLC
Shannon G Kropp
Warranty Deed
$75,000 · Mike Tellinghuisen
Jul 9, 2014
$71,500
Shannon G Kropp
Sponheim Holdings LLC
Warranty Deed
$40,000 · First Citizens National Bank
May 5, 2010
$49,000
Sponheim Holdings LLC
Advanced E Resources LLC
Warranty Deed
$54,000 · The Home Trust & Savings Bank
Aug 4, 2006
$50,500
Advanced E-resources LLC
Bertram Cooper & Co
Warranty Deed
$41,410 · Bank Of America NA
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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