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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Warehouses
10827 Pr Dr Urbandale, IA 50322-2012
Entity Owned
15-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2580776
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1971
Construction
STEEL FRAME
Total area
42,104 SF
Lot
4.64 ac (202,118 SF)
Zoning code
M-2
APN
312/01042-025-000
UPID
US25-2580776
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
$1.64M
Owner & transaction history
Arnold Motor Supply LLP · 15 yrs held
Arnold Motor Supply LLP
since 2011
5 recorded transactions
Zoning & alternative use
M-2 · Urbandale, IA
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 Urbandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbandale 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$39 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$74,474
Tax year 2023
Assessed value
$2,040,000
Assessed 2024
Previous assessed
$2,190,000
-6.8% YoY
Effective rate
3.65%
On assessed value
Assessed land
$855,000
Assessed improvement
$1,185,000
Land market value
$855,000
Improvement market value
$1,185,000
Total market value
$2,040,000
Applied tax rate
19.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1971
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
42,104 SF
Lot
4.64 ac (202,118 SF)
Zoning code
M-2
APN
312/01042-025-000
UPID
US25-2580776
Jurisdiction
POLK
Zoning & alternative use
M-2 · Urbandale, IA
Zoning M-2 · permitted uses
M-2 · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Urbandale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1971
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
4.64 ac
Current owner
From public records · entity-resolved
Arnold Motor Supply LLP
Entity
Free & Clear · 15 yrs held
Mailing address
601 1ST AVE SW, SPENCER, IA 51301-5302
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2011
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
Jul 19, 2016
—
Arnold Motor Supply LLP
—
Deed
related
—
Apr 15, 2011
$857,000
Arnold Motor Supply LLP
Kc Holdings INC
Warranty Deed
—
Nov 16, 2005
$1,324,500
K C Holdings INC
Hartford INC
Corporation Deed
$1,060,000 · First Fsb Of Iowa
—
—
Kc Holdings INC
—
Deed Of Trust
related
$275,000 · Broderick Family Members
—
—
Arnold Motor Supply LLP
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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