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Property profile & analytics
OFF-MARKET
Estimated value
$825,000
Commercial real estate
1350 Sloans Way Pleasant Hill, IA 50327-7036
Entity Owned
4-yr Hold
Free & Clear
Property ID
US25-0187052
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2004
Construction
STEEL FRAME
Total area
7,200 SF
Lot
1.5 ac (65,340 SF)
Zoning code
I-2
APN
221/00183-706-000
UPID
US25-0187052
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
$790k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$691k
Blend (final)
Blend
$825k
Owner & transaction history
Eastgate Investments LLC · 4 yrs held
Eastgate Investments LLC
since 2021
Last sale
$850,000
2 recorded transactions
Zoning & alternative use
I-2 · Pleasant Hill, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-2 zoning district is intended to provide areas of the City suitable for activities and use of a general industrial nature.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,116.41 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.2M
+67.7%
Medical building
$1.2M
+62.1%
Restaurant
$1.1M
+50.3%
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 Pleasant Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasant Hill 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
$815,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$740,000
Current use
AUTO REPAIR, GARAGE
$1,240,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$1,200,000
Change: +62% · Conversion: Easy
RESTAURANT
$1,110,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,060,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$835,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$660,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$825k
Range $743k – $908k · ±10% · vs last sale $850k (Aug 11 2021)
Last sale anchor
$850k
Aug 11 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
$115 / 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
$13,254
Tax year 2020
Assessed value
$755,000
Assessed 2023
Previous assessed
$755,000
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$104,000
Assessed improvement
$651,000
Land market value
$104,000
Improvement market value
$651,000
Total market value
$755,000
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
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
7,200 SF
Lot
1.5 ac (65,340 SF)
Zoning code
I-2
APN
221/00183-706-000
UPID
US25-0187052
Jurisdiction
POLK
Zoning & alternative use
I-2 · Pleasant Hill, IAZoning I-2 · permitted uses
I-2 · Pleasant Hill, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-2 zoning district is intended to provide areas of the City suitable for activities and use of a general industrial nature.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,116.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$740,000
AUTO REPAIR, GARAGE
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RESTAURANT
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$835,000
WAREHOUSE, STORAGE
Est. value
$660,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
1.5 ac
Current owner
From public records · entity-resolved
Eastgate Investments LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1350 SLOANS WAY STE #1, PLEASANT HILL, IA 50327-7036
Mailing matches property
Yes
Owner-occupied
Yes
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2021
—
Eastgate Investments LLC
Justin L Wonders
Quit Claim Deed
related
—
Aug 11, 2021
$850,000
Eastgate Investments LLC
Jetaime LLC
Land Contract
$850,000 · Not Available
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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