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Property profile & analytics
OFF-MARKET
Estimated value
$1,210,000
Warehouses
1430 Metro E Dr Pleasant Hill, IA 50327-8900
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0072467
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
2015
Construction
STEEL FRAME
Total area
6,000 SF
Lot
2.93 ac (127,750 SF)
APN
221/00208-307-001
UPID
US25-0072467
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
$1.28M
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$808k
Blend (final)
Blend
$1.21M
Owner & transaction history
Ldr Ia III LLC · 5 yrs held
Ldr Ia III LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+87.4%
Medical building
$1.0M
+81.1%
Restaurant
$925,000
+67.9%
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
$1,280,000
ML approach
$1,280,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,035,000
Change: +87% · Conversion: Easy
MEDICAL BUILDING
$1,000,000
Change: +81% · Conversion: Difficult
RESTAURANT
$925,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$885,000
Change: +60% · Conversion: Difficult
Blend value · Realmo final
$1.21M
Range $1.09M – $1.33M · ±10% · vs last sale $1.55M (Aug 31 2020)
Last sale anchor
$1.55M
Aug 31 2020
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
$202 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$85,524
Tax year 2023
Assessed value
$2,590,000
Assessed 2024
Previous assessed
$2,590,000
+0.0% YoY
Effective rate
3.30%
On assessed value
Assessed land
$254,000
Assessed improvement
$2,336,000
Land market value
$254,000
Improvement market value
$2,336,000
Total market value
$2,590,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
NONE
Buildings
7
Stories
1
Units
32
Total area
6,000 SF
Lot
2.93 ac (127,750 SF)
APN
221/00208-307-001
UPID
US25-0072467
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.0M
MEDICAL BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$925,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$885,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2015
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
7
Units
32
Lot
2.93 ac
Current owner
From public records · entity-resolved
Ldr Ia III LLC
Entity
Mailing address
SCOTTSDALE, AZ 85255
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 4, 2026
—
Ldr Iowa I LLC
—
Deed
related
$29,450,000 · Bell Bank
Aug 31, 2020
$1,550,000
Ldr Ia III LLC
Moines Storage Lc Des
Warranty Deed
—
Mar 23, 2017
—
Iowa Storage Holdings LLC
—
Deed
related
$800,000 · Reliance St Bk
May 18, 2015
$145,000
Iowa Storage Holdings LLC
William C Knapp Lc
Warranty Deed
related
—
Oct 9, 2009
$127,500
Iowa Propane Gas Assn
Knapp William C Trust
Warranty Deed
—
—
—
Iowa Storage Holdings LLC
—
Deed Of Trust
related
$800,000 · Reliance St Bk
—
—
Iowa Storage Holdings LLC
—
Deed Of Trust
related
$800,000 · Reliance St Bk
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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