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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Investment properties
115 Vis Lk Ave Polk City, IA 50226-3200
Entity Owned
5-yr Hold
Free & Clear
Property ID
US25-0445117
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2013
Construction
FRAME
Total area
3,200 SF
Lot
2.35 ac (102,279 SF)
Zoning code
M-1
APN
261/00175-202-000
UPID
US25-0445117
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
$535k
CAP Approach
CAP
$485k
Comparable Approach
Comparable
$549k
Blend (final)
Blend
$640k
Owner & transaction history
Dyowa LLC · 5 yrs held
Dyowa LLC
since 2021
Last sale
$634,500
5 recorded transactions
Zoning & alternative use
M-1 · Polk City, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$495,000
+42.0%
Medical building
$485,000
+38.0%
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk City 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
$630,000
ML approach
$535,000
CAP Approach
CAP Return
Estimation
6%
$530,000
6.5%
$485,000
7%
$455,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$495,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$485,000
Change: +38% · Conversion: Easy
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $635k (Mar 8 2021)
Last sale anchor
$635k
Mar 8 2021
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
$200 / 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
$14,198
Tax year 2020
Assessed value
$613,000
Assessed 2023
Previous assessed
$613,000
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$155,000
Assessed improvement
$458,000
Land market value
$155,000
Improvement market value
$458,000
Total market value
$613,000
Applied tax rate
7.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
3,200 SF
Lot
2.35 ac (102,279 SF)
Zoning code
M-1
APN
261/00175-202-000
UPID
US25-0445117
Jurisdiction
POLK
Zoning & alternative use
M-1 · Polk City, IA
Zoning M-1 · permitted uses
M-1 · Polk City, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Polk City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$495,000
MEDICAL BUILDING
Est. value
$485,000
AUTO REPAIR, GARAGE
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
2013
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Dyowa LLC
Entity
Free & Clear · 5 yrs held
Mailing address
8 LEWIS CIR, WILMINGTON, DE 19804-1618
Ownership since
2021
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
Mar 8, 2021
$634,500
Dyowa LLC
Bruce A Boland
Warranty Deed
—
Nov 26, 2019
$286,000
Bruce A Boland
Iowa Growth Investors INC
Warranty Deed
$195,000 · Lincoln Savings Bank
Dec 29, 2016
—
Iowa Growth Investors INC
Polk City Real Estate LLC
Quit Claim Deed
related
—
Mar 19, 2013
—
Polk City Real Estate LLC
—
Trustees Deed
related
$400,000 · Midland Power Cooperative
Oct 1, 2012
$50,000
Polk City Real Estate LLC
William C Knapp Lc
Warranty Deed
—
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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