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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Car washes
113 Brick SE St Bondurant, IA 50035
Trust Owned
9-yr Hold
~
Est. High Equity
Property ID
US25-0396719
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2003
Construction
FRAME
Total area
3,256 SF
Lot
0.61 ac (26,703 SF)
Zoning code
C-2
APN
231/00213-034-000
UPID
US25-0396719
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
-
Casey's Express Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$477k
Blend (final)
Blend
$520k
Owner & transaction history
Ihde Family Trust · 9 yrs held
Ihde Family Trust
since 2017
7 recorded transactions
Zoning & alternative use
C-2 · Bondurant, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-2 District is designed to provide space for the general retail and professional office uses and efficient development of major retail shopping areas other than shopping centers in the C3 District
Zone name
General Commercial
General category
COMMERCIAL
Zone area
276.12 ac
Source
Realmo
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
AUTO REPAIR, GARAGE
$505,000
Current use
MEDICAL BUILDING
$490,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$160 / 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
$18,634
Tax year 2020
Assessed value
$649,000
Assessed 2023
Previous assessed
$649,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$192,000
Assessed improvement
$457,000
Land market value
$192,000
Improvement market value
$457,000
Total market value
$649,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Buildings
1
Stories
1
Total area
3,256 SF
Lot
0.61 ac (26,703 SF)
Zoning code
C-2
APN
231/00213-034-000
UPID
US25-0396719
Jurisdiction
POLK
Zoning & alternative use
C-2 · Bondurant, IAZoning C-2 · permitted uses
C-2 · Bondurant, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-2 District is designed to provide space for the general retail and professional office uses and efficient development of major retail shopping areas other than shopping centers in the C3 District
Zone name
General Commercial
General category
COMMERCIAL
Zone area
276.12 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$505,000
MEDICAL BUILDING
Est. value
$490,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
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
2003
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
Ihde Family Trust
Trust
Mailing address
PO BOX 54288, LEXINGTON, KY 40555-4288
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2017
—
Ihde Family Trust
Agi Investments LLC
Quit Claim Deed
related
—
Dec 14, 2016
—
Ihde Family Trust
Ihde,allen G & Jenee J
Quit Claim Deed
related
—
Jul 2, 2013
$850,000
Agi Investments LLC
Lrp Investments LLC
Warranty Deed
$900,000 · Legacy Bank
May 11, 2006
—
Lrp Investments LLC
—
Trustees Deed
related
$100,000 · First American Bank
Jun 28, 2004
$800,000
Lrp Investments LLC
Kh Ents INC
Warranty Deed
$625,000 · Valley Bank
—
—
Lrp Investments LLC
—
Deed Of Trust
related
$730,000 · Northwest Bank
—
—
Lrp Investments LLC
—
Deed Of Trust
related
$690,000 · First American 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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