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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office buildings
920 Simon Dr Farley, IA 52046-9387
Entity Owned
7-yr Hold
Free & Clear
Property ID
US25-0276604
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Construction
FRAME
Total area
8,158 SF
Lot
15.14 ac (659,498 SF)
Zoning code
CO
APN
12-12-476-003
UPID
US25-0276604
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
-
Simon's Trucking Inc. Trucking Company
-
BJ's Truck Sales & Service Car Dealership
-
Farley Fertilizer Inc. Agricultural Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$645k
Comparable Approach
Comparable
$923k
Blend (final)
Blend
$760k
Owner & transaction history
R Simon R & E LLC · 7 yrs held
R Simon R & E LLC
since 2018
6 recorded transactions
Zoning & alternative use
CO · Farley, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$900,000
+51.3%
Restaurant
$650,000
+9.0%
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 Farley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farley 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
$490,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$645,000
7%
$595,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$595,000
Current use
WAREHOUSE, STORAGE
$900,000
Change: +51% · Conversion: Difficult
RESTAURANT
$650,000
Change: +9% · Conversion: Moderate
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$93 / 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
$65,706
Tax year 2023
Assessed value
$2,573,060
Assessed 2024
Previous assessed
$2,573,060
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$303,500
Assessed improvement
$2,269,560
Total market value
$2,651,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
1997
Construction
FRAME
Heating
NONE
Buildings
8
Stories
1
Total area
8,158 SF
Lot
15.14 ac (659,498 SF)
Zoning code
CO
APN
12-12-476-003
UPID
US25-0276604
Jurisdiction
DUBUQUE
Zoning & alternative use
CO · Farley, IA
Zoning CO · permitted uses
CO · Farley, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farley. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$595,000
WAREHOUSE, STORAGE
Est. value
$900,000
RESTAURANT
Est. value
$650,000
OFFICE BUILDING Current
WAREHOUSE, STORAGE
RESTAURANT
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
1997
Construction
FRAME
Heating
NONE
Stories
1
Buildings
8
Lot
15.14 ac
Current owner
From public records · entity-resolved
R Simon R & E LLC
Entity
Free & Clear · 7 yrs held
Mailing address
920 SIMON DR, FARLEY, IA 52046-9387
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2018
—
R Simon Real Estate LLC
—
Deed
related
$4,000,000 · Dupaco Community Cu
Aug 14, 2018
—
R Simon R & E LLC
Simon,roger M & Darlene M
Quit Claim Deed
related
—
Dec 13, 2013
—
Roger M Simon
B & R Cattle Co LLC
Quit Claim Deed
related
—
Jul 22, 2013
$350,000
R Simon Holdings LLC
Key City Properties LLC
Warranty Deed
related
—
Jan 11, 2013
—
B & R Cattle Co LLC
Simon,roger M & Darlene M
Warranty Deed
related
—
Jan 30, 2007
—
Roger M Simon
Simon,roger M & Darlene M
Quit Claim 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.
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