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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Strip malls
1255 128th St Clive, IA 50325-7449
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0817683
Property summary
AI-generated overview
This exceptional 7,009-square-foot retail property, situated at 1255 Northwest 128th Street in Clive, Iowa, presents a compelling investment opportunity. The property is a single-tenant strip center, built in 2017, and boasts a generous 1.54-acre lot. Currently, 2,353 square feet of space is available for lease, offering significant potential for expansion or a new tenant. The building's zoning is C-4, allowing for a variety of commercial uses. Ample parking is provided, with a ratio of 14.4 spaces per 1,000 square feet. The property's location in Clive, Iowa, zip code 50325, offers excellent visibility and accessibility, making it an ideal location for a thriving business. The existing building offers 4,656 square feet of occupied space, demonstrating existing market demand. This property is an excellent opportunity for businesses seeking a well-maintained, strategically located retail space in a thriving community. The property's size and ample parking make it suitable for a variety of retail uses. Interested parties are encouraged to inquire for further details and leasing information.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Construction
FRAME
Total area
7,009 SF
Lot
1.54 ac (66,908 SF)
Zoning code
C-4
APN
291/00065-487-012
UPID
US25-0817683
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
$817k
Blend (final)
Blend
$640k
Owner & transaction history
Drake 128 LLC · 10 yrs held
Drake 128 LLC
since 2016
4 recorded transactions
Zoning & alternative use
C-4 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
11-4-4 SCOPE.
Top alternative use upside
Apartment house (5+ units)
$1.0M
+84.1%
Retail stores
$815,000
+45.2%
Warehouse, storage
$645,000
+14.9%
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 Clive submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clive 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
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,030,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$815,000
Change: +45% · Conversion: Easy
WAREHOUSE, STORAGE
$645,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$580,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$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 2020Property tax & assessments
Tax year 2020
Tax billed
$49,418
Tax year 2020
Assessed value
$2,040,000
Assessed 2023
Previous assessed
$2,040,000
+0.0% YoY
Effective rate
2.42%
On assessed value
Assessed land
$1,040,000
Assessed improvement
$1,000,000
Land market value
$1,040,000
Improvement market value
$1,000,000
Total market value
$2,040,000
Applied tax rate
20.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
7,009 SF
Lot
1.54 ac (66,908 SF)
Zoning code
C-4
APN
291/00065-487-012
UPID
US25-0817683
Jurisdiction
POLK
Zoning & alternative use
C-4 · Clive, IAZoning C-4 · permitted uses
C-4 · Clive, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
11-4-4 SCOPE.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$560,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
RETAIL STORES
Est. value
$815,000
WAREHOUSE, STORAGE
Est. value
$645,000
COMMERCIAL (GENERAL)
Est. value
$580,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
2017
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.54 ac
Current owner
From public records · entity-resolved
Drake 128 LLC
Entity
Mailing address
10888 HICKMAN RD STE 3B, CLIVE, IA 50325-3715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
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
Jan 12, 2018
—
Ground Up Dev LLC
—
Deed
related
$1,580,000 · University Of Ia Cmnty Cu
May 19, 2017
—
Ground Up Dev LLC
—
Trustees Deed
related
$1,504,000 · University Of Ia Cmnty Cu
Jan 26, 2016
$400,000
Drake 128 LLC
Lexington Clive II LLC
Grant Deed
$336,000 · Community Choice Cu
—
—
Ground Up Dev LLC
—
Loan Modification
related
$1,580,000 · University Of Ia Cmnty Cu
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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