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Property profile & analytics
OFF-MARKET
Estimated value
$5,680,000
Hotels
11211 Hickman Rd Urbandale, IA 50322-3743
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0288439
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2018
Construction
FRAME
Total area
61,235 SF
Lot
2.05 ac (89,167 SF)
Zoning code
PUD
APN
312/02839-015-005
UPID
US25-0288439
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
$7.09M
Comparable Approach
Comparable
$6.28M
Blend (final)
Blend
$5.68M
Owner & transaction history
HOA Hotels LLC · 14 yrs held
HOA Hotels LLC
since 2011
4 recorded transactions
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.5M
+112.4%
Apartment house (5+ units)
$9.0M
+102.6%
Retail stores
$7.1M
+59.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,680,000
6.5%
$7,090,000
7%
$6,580,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,450,000
Current use
RESTAURANT
$9,450,000
Change: +112% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,015,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$7,110,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,630,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,555,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$5.68M
Range $5.11M – $6.25M · ±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
$93 / 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
$191,570
Tax year 2020
Assessed value
$6,760,000
Assessed 2023
Previous assessed
$6,760,000
+0.0% YoY
Effective rate
2.83%
On assessed value
Assessed land
$1,270,000
Assessed improvement
$5,490,000
Land market value
$1,270,000
Improvement market value
$5,490,000
Total market value
$6,760,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
113
Total area
61,235 SF
Lot
2.05 ac (89,167 SF)
Zoning code
PUD
APN
312/02839-015-005
UPID
US25-0288439
Jurisdiction
POLK
Zoning & alternative use
PUD · Urbandale, IA
Zoning PUD · permitted uses
PUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.5M
RESTAURANT
Est. value
$9.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
RETAIL STORES
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.6M
HOTEL/MOTEL Current
RESTAURANT
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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
113
Lot
2.05 ac
Current owner
From public records · entity-resolved
HOA Hotels LLC
Entity
Mailing address
1501 RIV DR, MOLINE, IL 61265-1307
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2011
—
HOA Hotels LLC
Iowa Machine Shed Co
Warranty Deed
$2,829,701 · Liberty Federal Savings Bank
—
—
Iowa Machine Shed Co
—
Deed Of Trust
related
$3,750,000 · Liberty Federal Savings Bank
—
—
HOA Hotels LLC
—
Deed Of Trust
related
$2,750,000 · West Bank
—
—
Iowa Machine Shed Co
—
Deed Of Trust
related
$3,250,000 · Liberty Federal Savings 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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