Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1101 56th St Pleasant Hill, IA 50327-7059

    • Grocery and convenience stores
    • 7,468 SF
    • 1.32 lot acres
    OFF-MARKET
    Last Sale
    Jan 20, 2022
    $1,250,000
    Value Estimations
    $1,085,000
    Show details
    Cap Rate Potential
    9.4%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US25-0028733
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1101 56th St

    Year built
    2022
    Construction
    FRAME
    Lot size
    1.32 lot acres
    Property size
    7,468 SF
    Property type
    Grocery and convenience stores
    APN
    221/00183-004-002
    APU
    22100183004002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $940,000
      ML approach
      $900,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,475,000
      6.5%
      $1,360,000
      7%
      $1,265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $796,000
      Market price range: $471k - $1.03M

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $1,285,000
      MEDICAL BUILDING
      $1,245,000
      RESTAURANT
      $1,155,000
      APARTMENT HOUSE (5+ UNITS)
      $1,100,000
      RETAIL STORES
      $865,000
      COMMERCIAL (GENERAL)
      $765,000
      WAREHOUSE, STORAGE
      $685,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Hill
    County
    Polk
    State
    Iowa
    Longitude
    -93.503
    Latitude
    41.6006
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $576,500
    $2,319,000
    $2,895,500
    -
    $576,500
    $2,319,000
    $2,895,500

    Comparable in this City

    • Value Estimation
      $560,000
      4,748 SF

      1175 75th St

      CONVENIENCE STORE • 4,748 SF
      1175 75th St, Pleasant Hill, IA 50327-8015
      View Details
    • Value Estimation by Request
      2,760 SF

      1125 Hickory Blvd

      CONVENIENCE STORE • 2,760 SF
      1125 Hickory Blvd, Pleasant Hill, IA 50327-7020
      View Details
    • Value Estimation
      $4,065,000
      31,240 SF

      5500 University Ave

      GROCERY, SUPERMARKET • 31,240 SF
      5500 University Ave, Pleasant Hill, IA 50327-8470
      View Details
    • Value Estimation
      $5,880,000
      5,620 SF

      5970 Morning Star Ct

      CONVENIENCE STORE • 5,620 SF
      5970 Morning Star Ct, Pleasant Hill, IA 50327-2229
      View Details
    • Value Estimation
      $545,000
      4,128 SF

      5550 University Ave

      CONVENIENCE STORE • 4,128 SF
      5550 University Ave, Pleasant Hill, IA 50327-8470
      View Details
    • Value Estimation
      $3,230,000
      20,787 SF

      4815 Maple Dr

      GROCERY, SUPERMARKET • 20,787 SF
      4815 Maple Dr, Pleasant Hill, IA 50327-2028
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40.09 Acres

      Rising Ridge: 40 Acres Commercial Land

      Prime Pleasant Hill commercial land, ideal for development.
      pleasant Rising Rdg, Pleasant Hill, IA 50327
      View Details
    • $720,000
      1.65 Acres

      Prime Pleasant Hill Commercial Land

      1.65 Acres, Hwy 65 Visibility
      5940 Morning Star Ct, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing

      Prime Pleasant Hill Commercial Land

      High-traffic corner lot near Hy-Vee.
      4915 Maple Dr, Pleasant Hill, IA 50327
      View Details
    • $55,000
      0.16 Acres

      Build-Ready Townhome Lots Available

      Townhome lots in Pleasant Hill, ready for construction with tax abatement.
      714 NE 71 St, Runnells, IA 50327
      View Details
    • $295,000
      3.21 Acres

      Pleasant Hill Land with Outbuilding

      3.2 acre lot with outbuilding and utilities in Pleasant Hill.
      7505 NE University Ave, Pleasant Hill, IA 50327
      View Details
    • $975,000

      Development Land in Pleasant Hill

      Prime commercial land in a rapidly developing area.
      6839 NE 12Th Ave, Pleasant Hill, IA 50327
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,900 SF

      Retail Space in Clive Center

      Retail space available in a well-located Clive shopping center.
      9735-9755 University Ave, Clive, IA 50327
      View Details
    • $15 SF/Yr
      1,812 SF

      Retail Space in Pleasant Hill

      Retail property available for lease in Pleasant Hill, Iowa.
      1225 Copper Creek Dr, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing
      2,282,400 SF

      Pleasant Hill Industrial Park For Lease

      Large Iowa Industrial Space Available
      0 Pleasant Hl Industrial Park, Pleasant Hill, IA 50327
      View Details
    • $10 SF/Yr
      14,280 SF

      Prime Pleasant Hill Office Space

      Modern office suites, flexible layouts.
      5075 University Ave, Pleasant Hill, IA 50327
      View Details
    • $10 SF/Yr
      7,027 SF

      Hickory Plaza Office Space Available

      Pleasant Hill, IA Office Suites, 1,000-2,000 SF
      1100 Hickory Blvd, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing
      2 SF

      Retail Land For Lease

      Retail land available for ground lease or build-to-suit.
      University Ave & Shadyview Blvd, Pleasant Hill, IA 50327
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1101 56th St
    Pleasant Hill, IA 50327-7059
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.