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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Medical Office Space
931 13th N Ave Clinton, IA 52732-5072
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1141589
Property summary
AI-generated overview
This exceptional commercial property at 931 13th Avenue North in Clinton, Iowa, offers 3,149 square feet of versatile space ideal for office or retail use. Situated on the south side of 13th Avenue North, this single-tenant building benefits from high visibility and robust traffic counts. The property features a large conference room and five private offices, providing ample space for a variety of business needs. Its convenient location in the heart of Clinton places it near a major medical clinic, further enhancing its appeal. The building is zoned C and has a total of one suite within a single building on a land parcel with APN 80-6907-0002. Landlord pays all utilities, including gas, heat, cooling, electricity, water, and sewer, making this a cost-effective option for tenants. The property is currently available for lease at a gross monthly rent of $4,000. This is a rare opportunity to secure a well-located, fully-serviced commercial space in a thriving Iowa community. The property's central location and comprehensive utility coverage make it an attractive investment for businesses seeking a comfortable and efficient workspace. Don't miss this chance to establish your business in a prime Clinton location. The zip code is 52732.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
FRAME
Total area
10,425 SF
Lot
4.98 ac (216,929 SF)
APN
8069070002
UPID
US25-1141589
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
-
James M. Norman, PT Physician
-
Kelly's Home Medical - Clinton Medical Supply Store
-
Alisa Mcclenning Physician
-
Nicole Gruhn Physician
-
Lisa Lehr Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$930k
Comparable Approach
Comparable
$711k
Blend (final)
Blend
$695k
Owner & transaction history
Clinton Medical Group LLC · 5 yrs held
Clinton Medical Group LLC
since 2021
Last sale
$734,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$935,000
+41.1%
Restaurant
$840,000
+26.8%
Office building
$730,000
+9.9%
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 Clinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clinton 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
$535,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$1,005,000
6.5%
$930,000
7%
$860,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$665,000
Current use
COMMERCIAL (GENERAL)
$935,000
Change: +41% · Conversion: Easy
RESTAURANT
$840,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$730,000
Change: +10% · Conversion: Easy
AUTO REPAIR, GARAGE
$725,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$710,000
Change: +7% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$620,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $734k (Jan 7 2021)
Last sale anchor
$734k
Jan 7 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
$67 / 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
$32,104
Tax year 2023
Assessed value
$973,810
Assessed 2024
Previous assessed
$973,810
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$284,500
Assessed improvement
$689,310
Land market value
$284,500
Improvement market value
$689,310
Total market value
$973,810
Applied tax rate
740.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
FRAME
Heating
NONE
Stories
1
Total area
10,425 SF
Lot
4.98 ac (216,929 SF)
APN
8069070002
UPID
US25-1141589
Jurisdiction
CLINTON
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 Current
Est. value
$665,000
COMMERCIAL (GENERAL)
Est. value
$935,000
RESTAURANT
Est. value
$840,000
OFFICE BUILDING
Est. value
$730,000
AUTO REPAIR, GARAGE
Est. value
$725,000
WAREHOUSE, STORAGE
Est. value
$710,000
INDUSTRIAL (GENERAL)
Est. value
$620,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
INDUSTRIAL (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
1988
Construction
FRAME
Heating
NONE
Stories
1
Lot
4.98 ac
Current owner
From public records · entity-resolved
Clinton Medical Group LLC
Entity
Mailing address
858 PNE CV DR, LILBURN, GA 30047-1896
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Clinton Medical Group LLC
—
Deed
related
$960,000 · Citizens First Bank INC
Jan 7, 2021
$734,000
Clinton Medical Group LLC
Gateway Leasing Corp
Warranty Deed
$587,700 · Citizens First 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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