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Property profile & analytics
FOR SALE
Drive through restaurants
11406 Forest Ave Clive, IA 50325
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US25-0304120
For Sale
1 / 4
$1,300,000
11406 Forest Ave, Clive, IA 50325
View Listing →
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2007
Construction
FRAME
Total area
3,242 SF
Lot
1.41 ac (61,420 SF)
Zoning code
C-4
APN
291/00065-510-001
UPID
US25-0304120
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
by Request
Owner & transaction history
K & E LLC · 17 yrs held
K & E LLC
since 2008
5 recorded transactions
Zoning & alternative use
C-4 · Clive, 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 Clive submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clive 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
$34,636
Tax year 2020
Assessed value
$1,612,800
Assessed 2023
Previous assessed
$1,612,800
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,116,100
Assessed improvement
$496,700
Land market value
$1,116,100
Improvement market value
$496,700
Total market value
$1,612,800
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
For Sale
Year built
2007
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
3,242 SF
Lot
1.41 ac (61,420 SF)
Zoning code
C-4
APN
291/00065-510-001
UPID
US25-0304120
Jurisdiction
POLK
Zoning & alternative use
C-4 · Clive, IA
Zoning C-4 · permitted uses
C-4 · Clive, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clive. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
K & E LLC
Entity
Mailing address
PO BOX 269, COLUMBUS JUNCTION, IA 52738-0269
Ownership since
2008
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
Jun 16, 2017
—
Central Iowa Kfc INC
—
Deed
related
$2,840,000 · Pacific Premier Bk Fsb
Nov 4, 2008
$952,000
K & E LLC
Potts Walter T JR P M Trust
Warranty Deed
$952,000 · Bankers Trust Co
Dec 1, 2005
—
Potts Walter T JR Trust
Potts Sue C Trust
Quit Claim Deed
related
—
—
—
Central Iowa Kfc INC
—
Deed Of Trust
related
$4,934,000 · Infinity Franchise Capital LLC
—
—
Central Iowa Kfc INC
—
Loan Modification
related
$2,840,000 · Pacific Premier Bk Fsb
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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