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Property profile & analytics
OFF-MARKET
Estimated value
$3,045,000
Office buildings
145 Dartmoor Dr Waukee, IA 50263-9660
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0241119
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
12,840 SF
Lot
2.05 ac (89,250 SF)
APN
1227378001
UPID
US25-0241119
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
Current use
Occupant on record · Public records
-
Little Wonders Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.69M
CAP Approach
CAP
$2.78M
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$3.05M
Owner & transaction history
Jm Commercial Holdings LLC · 4 yrs held
Jm Commercial Holdings LLC
since 2021
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$2.2M
+21.2%
Auto repair, garage
$2.0M
+9.6%
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 Waukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukee 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
$3,040,000
ML approach
$2,685,000
CAP Approach
CAP Return
Estimation
6%
$3,010,000
6.5%
$2,775,000
7%
$2,580,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,835,000
Current use
WAREHOUSE, STORAGE
$2,225,000
Change: +21% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,010,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.74M – $3.35M · ±10% · vs last sale $3.36M (Oct 14 2021)
Last sale anchor
$3.36M
Oct 14 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
$237 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$91,400
Tax year 2022
Assessed value
$3,536,730
Assessed 2023
Previous assessed
$2,914,800
+21.3% YoY
Effective rate
2.58%
On assessed value
Assessed land
$446,250
Assessed improvement
$3,090,480
Land market value
$446,250
Improvement market value
$3,090,480
Total market value
$3,536,730
Applied tax rate
500,000.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2004
Heating
NONE
Buildings
2
Stories
1
Total area
12,840 SF
Lot
2.05 ac (89,250 SF)
APN
1227378001
UPID
US25-0241119
Jurisdiction
DALLAS
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
OFFICE BUILDING Current
Est. value
$1.8M
WAREHOUSE, STORAGE
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$2.0M
OFFICE BUILDING Current
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
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
Heating
NONE
Stories
1
Buildings
2
Lot
2.05 ac
Current owner
From public records · entity-resolved
Jm Commercial Holdings LLC
Entity
Mailing address
185 NE DARTMOOR DR, WAUKEE, IA 50263-9660
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2021
$3,361,000
Jm Commercial Holdings LLC
S C S Property Management LLC
Warranty Deed
$450,000 · Home State Bank NA
Jun 29, 2004
$214,000
Scs Property Management LLC
Downing Dev Ltd
Warranty Deed
$850,000 · Commercial Federal Bank
—
—
Scs Property Management LLC
—
Deed Of Trust
related
$1,875,000 · Bank Of The West
—
—
Scs Property Management LLC
—
Deed Of Trust
related
$150,000 · Commercial Federal Bank
—
—
Scs Property Management LLC
—
Deed Of Trust
related
$230,000 · Commercial Federal Bank
—
—
Scs Property Management LLC
—
Deed Of Trust
related
$1,614,583 · Bank Of The West
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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