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Property profile & analytics
OFF-MARKET
Residential income homes
116 Ctr N Ave Mitchellville, IA 50169-7704
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US25-0294889
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
2003
Construction
FRAME
Total area
1,900 SF
Lot
0.05 ac (2,020 SF)
Zoning code
C-4
APN
141/00049-000-000
UPID
US25-0294889
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
Hawkeye Frontier Properties LLC · 7 yrs held
Hawkeye Frontier Properties LLC
since 2018
6 recorded transactions
Zoning & alternative use
C-4 · 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
$1,540
Tax year 2020
Assessed value
$90,300
Assessed 2023
Previous assessed
$90,300
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$6,400
Assessed improvement
$83,900
Land market value
$6,400
Improvement market value
$83,900
Total market value
$90,300
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Units
3
Rooms
6
Bathrooms
2
Total area
1,900 SF
Lot
0.05 ac (2,020 SF)
Zoning code
C-4
APN
141/00049-000-000
UPID
US25-0294889
Jurisdiction
POLK
Zoning & alternative use
C-4 · Mitchellville, IA
Zoning C-4 · permitted uses
C-4 · 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
2003
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
3
Rooms
6
Bathrooms
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Hawkeye Frontier Properties LLC
Entity
Mailing address
PO BOX 8311, DES MOINES, IA 50301-8311
Ownership since
2018
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
Oct 18, 2018
$40,000
Hawkeye Frontier Properties LLC
Richard R Swarthout
Deed
$189,915 · Bank
Jul 21, 2017
—
Swarthout,richard R Living Trust
Contract Exchange Corp
Warranty Deed
—
Jul 6, 2017
—
Hawkeye Frontier Props LLC
Schubert,christopher M
Grant Deed
related
—
Jan 26, 2015
$40,000
Schubert,christopher M|contract Exchange Corp
Contract Exchange Corp
Dual Purpose Document
$39,000 · Contract Exchange Corp
Jan 2, 2015
$40,000
Contract Exchange Corp
Jennings,melvin L
Grant Deed
—
—
—
Hawkeye Frontier Props LLC
—
Loan Modification
related
$40,000 · Contract Exchange Corp
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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