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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Car washes
11408 Frst Ave Clive, IA 50325-7031
Individually Owned
14-yr Hold
Free & Clear
Property ID
US25-0279851
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
1992
Construction
STEEL FRAME
Total area
4,493 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C-4
APN
291/00065-510-002
UPID
US25-0279851
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
$719k
Blend (final)
Blend
$790k
Owner & transaction history
Convenience Stores In Git-n-go · 14 yrs held
Convenience Stores In Git-n-go
since 2012
4 recorded transactions
Zoning & alternative use
C-4 · Clive, IA
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
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
$775,000
Current use
MEDICAL BUILDING
$750,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$790k
Range $711k – $869k · ±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
$176 / 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
$38,132
Tax year 2020
Assessed value
$1,720,700
Assessed 2023
Previous assessed
$1,720,700
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$846,600
Assessed improvement
$874,100
Land market value
$846,600
Improvement market value
$874,100
Total market value
$1,720,700
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
3
Total area
4,493 SF
Lot
1.07 ac (46,609 SF)
Zoning code
C-4
APN
291/00065-510-002
UPID
US25-0279851
Jurisdiction
POLK
Zoning & alternative use
C-4 · Clive, IAZoning 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
Source
11-4-4 SCOPE.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$775,000
MEDICAL BUILDING
Est. value
$750,000
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
1992
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Convenience Stores In Git-n-go
Individual
Free & Clear · 14 yrs held
Mailing address
2716 INDIANOLA AVE, DES MOINES, IA 50315-2377
Ownership since
2012
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
Sep 30, 2024
—
Git-n-go Convenience Stores INC
—
Deed
related
$25,000 · Trubank
Mar 28, 2012
$288,000
Convenience Stores In Git-n-go
Keck Properties LLC
Warranty Deed
—
Oct 16, 2008
$732,000
Keck Properties LLC
Potts Walter T JR P M Trust
Warranty Deed
—
Oct 16, 2008
—
Keck Properties LLC
Keck INC
Quit Claim Deed
related
$1,374,071 · Iowa State 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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