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Property profile & analytics
OFF-MARKET
Estimated value
$2,510,000
Strip malls
10201 University Ave Clive, IA 50325-6400
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0498802
Property summary
AI-generated overview
Westridge Shopping Center, located at 10201 University Ave in Clive, IA 50325, offers exceptional retail opportunities. This 198,000 square foot strip center boasts a prime location within a thriving retail corridor, surrounded by major national retailers such as Kohl's, Fareway Supermarket, Burlington, David's Bridal, Half Price Books, Starbucks, and FedEx Kinko's. The center benefits from its strategic placement near Valley West Regional Mall (anchored by Von Maur and JCPenney), as well as other significant retailers including Whole Foods, Best Buy, Marshalls, Ross Stores, Home Depot, and Ulta. Currently, there are two available spaces: one measuring 1,042 square feet and another significantly larger at 6,000 square feet. This presents a unique chance to establish a presence in one of Iowa's most affluent retail markets, surrounded by a high volume of foot traffic and strong consumer spending. The center's established tenant mix and high visibility make it an ideal location for businesses seeking to capitalize on a robust and established customer base. The property is situated at 41.6013603 latitude and -93.7577933 longitude.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
STEEL FRAME
Total area
95,308 SF
Lot
6.55 ac (285,187 SF)
Zoning code
C-4
APN
291/00835-001-001
UPID
US25-0498802
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
$1.59M
Blend (final)
Blend
$2.51M
Owner & transaction history
BUYERS REALTY
BUYERS REALTY
Zoning & alternative use
C-4 · Clive, IA
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
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±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
$26 / 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
$285,554
Tax year 2020
Assessed value
$11,300,000
Assessed 2023
Previous assessed
$11,300,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$3,260,000
Assessed improvement
$8,040,000
Land market value
$3,260,000
Improvement market value
$8,040,000
Total market value
$11,300,000
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
1989
Construction
STEEL FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
95,308 SF
Lot
6.55 ac (285,187 SF)
Zoning code
C-4
APN
291/00835-001-001
UPID
US25-0498802
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.
Building & site characteristics
From public records
Year built
1989
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
6.55 ac
Current owner
From public records · entity-resolved
BUYERS REALTY
Individual
Free & Clear · 0 yrs held
Mailing address
3101 INGERSOLL AVE STE #300, DES MOINES, IA 50312-3918
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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