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Property profile & analytics
OFF-MARKET
Estimated value
$3,745,000
Banks
12901 University Ave, Clive, IA 50325-8223
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-2512956
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
5,232 SF
Lot
0.73 ac (31,684 SF)
Zoning code
C-4
APN
291/00065-037-014
UPID
US25-2512956
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
$3.25M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.75M
Owner & transaction history
Legacy Bank · 3 yrs held
Legacy Bank
since 2022
Last sale
$4.3M
7 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
Method
Estimation
Statistic approach
$3,205,000
ML approach
$3,245,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.75M
Range $3.37M – $4.12M · ±10% · vs last sale $4.26M (Oct 12 2022)
Last sale anchor
$4.26M
Oct 12 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
$716 / 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
$46,280
Tax year 2020
Assessed value
$1,920,000
Assessed 2023
Previous assessed
$1,920,000
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$750,000
Assessed improvement
$1,170,000
Land market value
$750,000
Improvement market value
$1,170,000
Total market value
$1,920,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
2
Total area
5,232 SF
Lot
0.73 ac (31,684 SF)
Zoning code
C-4
APN
291/00065-037-014
UPID
US25-2512956
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
STEEL FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
0.73 ac
Current owner
From public records · entity-resolved
Legacy Bank
Entity
Mailing address
502 8TH ST SW, ALTOONA, IA 50009-1650
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 12, 2022
—
Legacy Bank
F S Bancor INC
Quit Claim Deed
related
—
Apr 9, 2018
—
F S Bancor INC
—
Deed
related
$1,340,000 · Citizens Bank & Trust Co
May 4, 2005
$4,258,500
Donald G Dewaay JR.
Ironwood Plaza LLC
Warranty Deed
$4,000,000 · Legacy Bank
Feb 15, 2005
$916,500
Ironwood Plaza LLC
Vonseeger,gerald & Anne C
Warranty Deed
—
Feb 15, 2005
$709,500
Ironwood Plaza LLC
Lewton Investments LLC
Warranty Deed
$2,686,830 · Northwest Bank
—
—
Commerce Park II LLC
—
Deed Of Trust
related
$1,950,000 · Legacy Bank
—
—
Commerce Park LLC
—
Deed Of Trust
related
$2,000,000 · Legacy Bank
—
—
Commerce Park II LLC
—
Deed Of Trust
related
$500,000 · Legacy Bank
—
—
Fs Bancor INC
—
Deed Of Trust
related
$1,600,000 · Bankers Bank
—
—
Commerce Park V LLC
—
Deed Of Trust
related
$700,000 · Legacy Bank
—
—
Commerce Park IV LLC
—
Deed Of Trust
related
$2,050,000 · Legacy 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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