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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Office Spaces
98 Cemetery Rd Fairfax, IA 52228-9321
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-2305729
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1999
Total area
7,152 SF
Lot
2.97 ac (129,373 SF)
APN
20091-51014-00000
UPID
US25-2305729
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
-
Lattice Communications Telecommunications Service
-
Advanced Traffic Control, Inc. Construction Company General Contractor
-
Advanced Welding & Fabricating General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$565k
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$661k
Blend (final)
Blend
$725k
Owner & transaction history
Daniel L Weisskopf · 3 yrs held
Daniel L Weisskopf
since 2022
Last sale
$735,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$810,000
+79.1%
Auto repair, garage
$765,000
+68.7%
Neighborhood: shopping center
$735,000
+62.4%
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 Fairfax submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fairfax 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
$655,000
ML approach
$565,000
CAP Approach
CAP Return
Estimation
6%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$450,000
Current use
RESTAURANT
$810,000
Change: +79% · Conversion: Difficult
AUTO REPAIR, GARAGE
$765,000
Change: +69% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$735,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +58% · Conversion: Easy
RETAIL STORES
$575,000
Change: +27% · Conversion: Easy
OFFICE BUILDING
$565,000
Change: +25% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$435,000
Change: -3% · Conversion: Moderate
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $735k (Jan 7 2025)
Last sale anchor
$735k
Jan 7 2025
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
$101 / 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
$12,006
Tax year 2022
Assessed value
$684,900
Assessed 2023
Previous assessed
$542,800
+26.2% YoY
Effective rate
1.75%
On assessed value
Assessed land
$252,100
Assessed improvement
$432,800
Land market value
$252,100
Improvement market value
$432,800
Total market value
$684,900
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1999
Heating
NONE
Buildings
3
Total area
7,152 SF
Lot
2.97 ac (129,373 SF)
APN
20091-51014-00000
UPID
US25-2305729
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
COMMERCIAL (GENERAL) Current
Est. value
$450,000
RESTAURANT
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$765,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$735,000
MEDICAL BUILDING
Est. value
$715,000
RETAIL STORES
Est. value
$575,000
OFFICE BUILDING
Est. value
$565,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$435,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
RETAIL STORES
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1999
Heating
NONE
Buildings
3
Lot
2.97 ac
Current owner
From public records · entity-resolved
Daniel L Weisskopf
Individual
Mailing address
1747 B AVE, VICTOR, IA 52347-8567
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2022
$735,000
Daniel L Weisskopf
Cmf & S Investments LLC
Warranty Deed
—
Jun 27, 2016
$31,500
City Of Fairfax Iowa
Cmf & S Investments Lc
Warranty Deed
—
Jun 2, 2015
$480,000
Cmf & S Investments Lc
Cellsite Solutions LLC
Warranty Deed
$560,000 · Guaranty Bk
Mar 3, 2015
$480,000
Cellsite Solutions LLC
Cedar Rapids Bk & Trust Co
Grant Deed
$450,000 · Bankers Tr
Feb 12, 2015
—
Cedar Rapids Bk & Trust Co
Lattice Investments INC
Warranty Deed
related
—
May 7, 2009
$392,000
Lattice Investments INC
Spruce Farm LLC
Corporation Deed
$314,000 · Farmers State Bank
Jun 11, 2007
$849,500
Spruce Farm LLC
Tj Rentals LLC
Warranty Deed
$1,200,000 · Farmers State 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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