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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
High-rise multifamily apartments
927 Central Ave Fort Dodge, IA 50501-4855
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0575576
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1909
Construction
CONCRETE
Total area
64,568 SF
Lot
0.39 ac (16,814 SF)
APN
720316006
UPID
US25-0575576
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
-
Wahkonsa Apartments Apartment Complex Apartment Rental Agency
-
Positive Paws Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
Diamond Senior Development Fort Dod · 4 yrs held
Diamond Senior Development Fort Dod
since 2021
Last sale
$3.3M
4 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 Fort Dodge submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fort Dodge 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
$2,945,000
ML approach
$2,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$4,715,000
Change: 0% · Conversion: Moderate
WAREHOUSE, STORAGE
$4,640,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,700,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$3,290,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.25M (Sep 16 2021)
Last sale anchor
$3.25M
Sep 16 2021
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
$47 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$40,776
Tax year 2022
Assessed value
$1,312,960
Assessed 2023
Previous assessed
$988,260
+32.9% YoY
Effective rate
3.11%
On assessed value
Assessed land
$84,000
Assessed improvement
$1,228,960
Land market value
$84,000
Improvement market value
$1,228,960
Total market value
$1,312,960
Applied tax rate
5,000.0000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1909
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Stories
5
Total area
64,568 SF
Lot
0.39 ac (16,814 SF)
APN
720316006
UPID
US25-0575576
Jurisdiction
WEBSTER
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
MEDICAL BUILDING
Est. value
$4.7M
WAREHOUSE, STORAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$3.7M
RETAIL STORES
Est. value
$3.3M
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1909
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Stories
5
Lot
0.39 ac
Current owner
From public records · entity-resolved
Diamond Senior Development Fort Dod
Entity
Mailing address
6677 N LINCOLN AVE STE #400, LINCOLNWOOD, IL 60712-3634
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 16, 2021
$3,250,000
Diamond Senior Development Fort Dod
Fort Dodge Leased Housing Associate
Warranty Deed
$2,925,000 · Key Bank NA
Jan 4, 2008
$500
Wahkonsa Manor Apartments Joint Ven
Wahkonsa Manor
Special Warranty Deed
—
Jan 4, 2008
$807,500
Fort Dodge Leased Housing Associate
Crs Housing Preservation INC
Special Warranty Deed
—
Jan 4, 2008
$2,016,887
Crs Housing Preservation INC
Wahkonsa Manor Aprtments Joint Vent
Special 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.
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