Entity Owned 
For Lease
1 / 3
$9,080,000
1449 Northwest 128Th St, Clive, IA 50325
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Property summary
AI-generated overview
Building 5 on the Clive Mercy One Campus is a Class A office property offering 17,710 square feet of office space. The space was previously configured and used as administrative offices and is finished with higher-quality interior materials and finishes consistent with Class A office use. It is located in a suburban office corridor with access to Interstate 80/35 and nearby arterial corridors including University Avenue, Westown Parkway, and Hickman Avenue in Clive and West Des Moines. The surrounding area includes retail and service amenities such as restaurants, a health club, shops, and other services within walking distance.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2008
Construction
STEEL FRAME
Total area
37,500 SF
Lot
0.64 ac (28,026 SF)
Zoning code
C-3
APN
291/00065-036-725
UPID
US25-0346171
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.27M
CAP Approach
CAP
$6.40M
Comparable Approach
Comparable
$7.84M
Blend (final)
Blend
$9.08M
Owner & transaction history
since 2021
Last sale
$9.4M
1 recorded transaction
Zoning & alternative use
C-3 · Clive, IA
Top alternative use upside
Restaurant
$6.5M
+14.0%
Auto repair, garage
$5.8M
+2.9%
Apartment house (5+ units)
$5.7M
+0.3%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$9.08M
Value range
$8.17M – $9.99M
±10% around blend
Estimated value / SF
$242 / SF
Confidence
Property data
100
Market benchmarks
33
Comparable evidence
60
$8.17M
blend $9.08M
$9.99M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
37,500 SF
Lot area
0.64 ac
Year built
2008
Stories
2
APN
291/00065-036-725
Zoning
C-3
Assessed value
$10,200,000
Annual tax
$256,232
3
Income approach: direct capitalization
Partial preview
Income approach indication
$6.40M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$6.94M
@ 6.5% CAP return
$6.40M
@ 7% CAP return
$5.95M
4
Sales comparison
Partial preview
Sales approach indication
$7.84M
Range $2.89M – $7.84M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$9.08M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 46 sales
$151
+60%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $242/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Restaurant
Gross theoretical uplift
+14%
vs current-use indication
Auto Repair, Garage
Apartment House (5+ Units)
Medical Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
4.60%
Implied, in-place cap rate for this medical office space
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.60%
9.0%
NOI (est.)
$661k *
Last sale · Dec 2021
$9.45M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$14.37M
Move the market yield to see immediate price impact.
Value / SF
$383
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.10%4.60%5.10%
$595k
$14.51M
$12.94M
$11.67M
$661k
$16.13M
$14.37M
$12.96M
$727k
$17.74M
$15.81M
$14.26M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$256,232
Tax year 2020
Assessed value
$10,200,000
Assessed 2023
Previous assessed
$10,200,000
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$1,530,000
Assessed improvement
$8,670,000
Land market value
$1,530,000
Improvement market value
$8,670,000
Total market value
$10,200,000
Applied tax rate
20.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
2
Total area
37,500 SF
Lot
0.64 ac (28,026 SF)
Zoning code
C-3
APN
291/00065-036-725
UPID
US25-0346171
Jurisdiction
POLK
Zoning & alternative use
C-3 · Clive, IAZoning C-3 · permitted uses
C-3 · Clive, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
STEEL FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
0.64 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
C-3
Jurisdiction
Clive, IA
Recorded code
C-3
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-3 in Clive, IA.
What opens after registration
Zoning profile
Official documentVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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