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Property profile & analytics
FOR LEASE
Investment properties
1275 NW 128Th St, Clive, IA 50325
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2565319
For Lease
1 / 2
$12 SF/Yr
1275 NW 128Th St, Clive, IA 50325
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
FRAME
Total area
59,387 SF
Lot
5.39 ac (234,614 SF)
Zoning code
C-4
APN
291/00065-491-021
UPID
US25-2565319
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
$8.44M
CAP Approach
CAP
$9.36M
Comparable Approach
Comparable
$6.64M
Blend (final)
Blend
$9.31M
Owner & transaction history
Terveen Manufactured Homes LLC · 4 yrs held
Terveen Manufactured Homes LLC
since 2022
Last sale
$11.5M
4 recorded transactions
Zoning & alternative use
C-4 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.2M
+107.5%
Medical building
$9.9M
+100.6%
Restaurant
$9.2M
+86.0%
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 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
$11,205,000
ML approach
$8,440,000
CAP Approach
CAP Return
Estimation
6%
$10,135,000
6.5%
$9,355,000
7%
$8,685,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$10,225,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$9,885,000
Change: +101% · Conversion: Easy
RESTAURANT
$9,165,000
Change: +86% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,745,000
Change: +77% · Conversion: Moderate
RETAIL STORES
$6,900,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$9.31M
Range $8.38M – $10.24M · ±10% · vs last sale $11.50M (May 19 2022)
Last sale anchor
$11.50M
May 19 2022
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
$157 / 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
$242,108
Tax year 2020
Assessed value
$11,300,000
Assessed 2023
Previous assessed
$11,300,000
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$4,070,000
Assessed improvement
$7,230,000
Land market value
$4,070,000
Improvement market value
$7,230,000
Total market value
$11,300,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2004
Construction
FRAME
Heating
YES
Buildings
1
Stories
3
Total area
59,387 SF
Lot
5.39 ac (234,614 SF)
Zoning code
C-4
APN
291/00065-491-021
UPID
US25-2565319
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$10.2M
MEDICAL BUILDING
Est. value
$9.9M
RESTAURANT
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.7M
RETAIL STORES
Est. value
$6.9M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2004
Construction
FRAME
Heating
YES
Stories
3
Buildings
1
Lot
5.39 ac
Current owner
From public records · entity-resolved
Terveen Manufactured Homes LLC
Entity
Mailing address
27112 CARDINAL PL, HARRISBURG, SD 57032-8165
Ownership since
2022
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
May 19, 2022
$11,500,000
Terveen Manufactured Homes LLC
Galloway Holdings LLC
Warranty Deed
$9,200,000 · Greenstate Cu
Feb 12, 2020
$10,000,000
Galloway Holdings LLC
Penn Real Estate Holdings LLC
Warranty Deed
$10,000,000 · Luana Savings Bank
Dec 28, 2012
$6,300,000
Penn Real Estate Holdings LLC
Des Moines Region Of Rrc Des Moin
Grant Deed
related
$5,040,000 · Northwest Bank
Jul 1, 2004
$14,839
Lexington Clive LLC
Ryan Companies Us INC
Grant 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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