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Property profile & analytics
OFF-MARKET
Estimated value
$800,000
Warehouses
925 Boyson Ct Hiawatha, IA 52233-1233
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0432650
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1991
Construction
STEEL FRAME
Total area
8,750 SF
Lot
0.63 ac (27,443 SF)
APN
11-33-2-53-004-0-0000
UPID
US25-0432650
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
$800k
CAP Approach
CAP
$795k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$800k
Owner & transaction history
Quantum Direct Services LLC · 2 yrs held
Quantum Direct Services LLC
since 2024
Last sale
$800,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$990,000
+120.8%
Auto repair, garage
$935,000
+108.0%
Neighborhood: shopping center
$900,000
+100.2%
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 Hiawatha submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hiawatha 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
$800,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$860,000
6.5%
$795,000
7%
$735,000
Alternative Use
Use
Estimation
RESTAURANT
$990,000
Change: +121% · Conversion: Difficult
AUTO REPAIR, GARAGE
$935,000
Change: +108% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$900,000
Change: +100% · Conversion: Moderate
MEDICAL BUILDING
$875,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +57% · Conversion: Moderate
OFFICE BUILDING
$695,000
Change: +54% · Conversion: Difficult
COMMERCIAL (GENERAL)
$555,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$800k
Range $720k – $880k · ±10% · vs last sale $800k (Apr 9 2024)
Last sale anchor
$800k
Apr 9 2024
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
$91 / 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
$10,864
Tax year 2023
Assessed value
$413,100
Assessed 2024
Previous assessed
$413,100
+0.0% YoY
Effective rate
2.63%
On assessed value
Assessed land
$102,400
Assessed improvement
$310,700
Land market value
$102,400
Improvement market value
$310,700
Total market value
$413,100
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
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1991
Construction
STEEL FRAME
Heating
YES
Stories
1
Bathrooms
2
Total area
8,750 SF
Lot
0.63 ac (27,443 SF)
APN
11-33-2-53-004-0-0000
UPID
US25-0432650
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
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$990,000
AUTO REPAIR, GARAGE
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$900,000
MEDICAL BUILDING
Est. value
$875,000
RETAIL STORES
Est. value
$705,000
OFFICE BUILDING
Est. value
$695,000
COMMERCIAL (GENERAL)
Est. value
$555,000
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1991
Construction
STEEL FRAME
Heating
YES
Stories
1
Bathrooms
2
Lot
0.63 ac
Current owner
From public records · entity-resolved
Quantum Direct Services LLC
Entity
Mailing address
6901 GREENBRANCH LN, CEDAR RAPIDS, IA 52411-7717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Apr 9, 2024
$800,000
Quantum Direct Services LLC
Darling Ventures LLC
Warranty Deed
$800,000 · Michael T Johnson & Tamara L Johnson, Hu
Feb 22, 2023
—
Darling Ventures LLC
—
Deed
related
$521,000 · Hills Bank And Trust Co
Aug 7, 2020
—
Darling Ventures LLC
—
Deed
related
$525,000 · Hills Bk NA
Aug 29, 2017
$360,000
T2 Ents LLC
Smd Ptshp
Warranty Deed
—
Apr 29, 2014
$360,000
T2 Ents LLC
Smd Ptshp
Dual Purpose Document
related
$200,000 · Smd Ptshp
—
—
Darling Ventures LLC
—
Deed Of Trust
related
$525,000 · Hills Bk 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.
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