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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Hotels
941 Quincy Ave Ottumwa, IA 52501-3851
Entity Owned
8-yr Hold
Free & Clear
Property ID
US25-1870023
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Total area
53,552 SF
Lot
1.92 ac (83,635 SF)
APN
7417880002000
UPID
US25-1870023
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Wapello Lodging LLC · 8 yrs held
Wapello Lodging LLC
since 2017
3 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 Ottumwa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ottumwa 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$4,595,000
Change: 0% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,550,000
Change: 0% · Conversion: Difficult
RESTAURANT
$4,455,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$4,005,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$2,785,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±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
$55 / 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
$167,434
Tax year 2022
Assessed value
$5,248,920
Assessed 2023
Previous assessed
$4,314,440
+21.7% YoY
Effective rate
3.19%
On assessed value
Assessed land
$248,600
Assessed improvement
$5,000,320
Land market value
$248,600
Improvement market value
$5,000,320
Total market value
$5,248,920
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2018
Stories
4
Total area
53,552 SF
Lot
1.92 ac (83,635 SF)
APN
7417880002000
UPID
US25-1870023
Jurisdiction
WAPELLO
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
WAREHOUSE, STORAGE
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$4.6M
RESTAURANT
Est. value
$4.5M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$2.8M
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
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
2018
Stories
4
Lot
1.92 ac
Current owner
From public records · entity-resolved
Wapello Lodging LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2706 JAMES ST, CORALVILLE, IA 52241-1806
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2017
—
Wapello Lodging LLC
—
Deed
related
$8,250,000 · Two Rivers Bank & Trust
Aug 14, 2017
$200,000
Wapello Lodging LLC
Otm Hospitality INC
Quit Claim Deed
related
—
Jul 11, 2017
—
South Ottumwa Savings Bank
Otm Hospitality INC
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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