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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Medical Office Space
108 Main NE St Bondurant, IA 50035-7722
Individually Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0291394
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2015
Construction
FRAME
Total area
6,766 SF
Lot
1.04 ac (45,128 SF)
Zoning code
C-4
APN
231/00145-001-000
UPID
US25-0291394
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
-
Bondurant Family Dentistry Dental Office
-
Dr. Trevor White Dental Office
-
Sheldon Tate Stender Dental Office
-
Matthew Whipple Dental Office
-
Ryan Patrick Shaw Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$529k
Blend (final)
Blend
$815k
Owner & transaction history
Deepv PLLC · 11 yrs held
Deepv PLLC
since 2014
5 recorded transactions
Zoning & alternative use
C-4 · Bondurant, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+14.0%
Auto repair, garage
$1.1M
+2.9%
Apartment house (5+ units)
$1.0M
+0.3%
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 Bondurant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bondurant 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
MEDICAL BUILDING
$1,020,000
Current use
RESTAURANT
$1,165,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,050,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,025,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$120 / 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
$16,844
Tax year 2020
Assessed value
$1,540,000
Assessed 2023
Previous assessed
$1,540,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$178,000
Assessed improvement
$1,362,000
Land market value
$178,000
Improvement market value
$1,362,000
Total market value
$1,540,000
Applied tax rate
4.0000
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
2015
Construction
FRAME
Heating
YES
Buildings
1
Stories
2
Rooms
7
Bathrooms
1
Total area
6,766 SF
Lot
1.04 ac (45,128 SF)
Zoning code
C-4
APN
231/00145-001-000
UPID
US25-0291394
Jurisdiction
POLK
Zoning & alternative use
C-4 · Bondurant, IA
Zoning C-4 · permitted uses
C-4 · Bondurant, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bondurant. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.0M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2015
Construction
FRAME
Heating
YES
Stories
2
Buildings
1
Rooms
7
Bathrooms
1
Lot
1.04 ac
Current owner
From public records · entity-resolved
Deepv PLLC
Individual
Mailing address
108 MAIN ST NE, BONDURANT, IA 50035-7722
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 14, 2017
—
Deep V PLLC
—
Grant Deed
related
$1,470,000 · Great Wstrn Bk
Nov 14, 2014
$125,000
Deepv PLLC
Polk Cnty Bk
Grant Deed
$968,500 · Live Oak Bkg
Feb 25, 2011
—
Polk Cnty Bk
Adams Properties INC
Warranty Deed
related
—
Oct 5, 2006
$300,000
Adams Properties INC
Steven L Wolvers Props INC
Warranty Deed
$500,000 · Polk County
—
—
Adams Properties INC
—
Deed Of Trust
related
$188,433 · First Newton National 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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