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Property profile & analytics
OFF-MARKET
Assisted living facilities
114 Carter SW St Mitchellville, IA 50169-5000
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0301121
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1978
Construction
FRAME
Total area
18,801 SF
Lot
3.14 ac (136,822 SF)
Zoning code
R-3
APN
141/00365-000-000
UPID
US25-0301121
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
-
Mitchell Village Care Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
114 Carter LLC · 2 yrs held
114 Carter LLC
since 2024
Last sale
$300,000
6 recorded transactions
Zoning & alternative use
R-3 · Mitchellville, 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 Mitchellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mitchellville 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
—
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
$35,028
Tax year 2020
Assessed value
$1,640,000
Assessed 2023
Previous assessed
$1,640,000
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$174,000
Assessed improvement
$1,466,000
Land market value
$174,000
Improvement market value
$1,466,000
Total market value
$1,640,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Units
64
Rooms
5
Bathrooms
1
Total area
18,801 SF
Lot
3.14 ac (136,822 SF)
Zoning code
R-3
APN
141/00365-000-000
UPID
US25-0301121
Jurisdiction
POLK
Zoning & alternative use
R-3 · Mitchellville, IA
Zoning R-3 · permitted uses
R-3 · Mitchellville, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Mitchellville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Units
64
Rooms
5
Bathrooms
1
Lot
3.14 ac
Current owner
From public records · entity-resolved
114 Carter LLC
Entity
Mailing address
1724 E WALNUT ST #1600, DES MOINES, IA 50316-3656
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
—
114 Carter LLC
—
Deed
related
$2,775,000 · City State Bank
Jul 10, 2024
$400,000
114 Carter LLC
Vita Group LLC
Warranty Deed
$350,000 · Pl Vareco Fund 3 LLC
Nov 3, 2023
—
Vita Group LLC
—
Deed
related
$500,000 · Earlham Savings Bank
May 12, 2023
$300,000
Vita Group LLC
Lincoln Savings Bank
Special Warranty Deed
—
Jun 10, 2016
—
Qhc Mitchellville LLC
—
Deed
related
$8,900,000 · Guaranty Bank & Trust Co
May 20, 2011
—
Qhc Mitchellville LLC
Qhc Facilities LLC
Quit Claim Deed
related
$9,000,000 · Access 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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