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Property profile & analytics
OFF-MARKET
Estimated value
$13,155,000
Medical Office Space
1450 114th St Clive, IA 50325-7039
Entity Owned
6-yr Hold
Free & Clear
Property ID
US25-0489716
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Construction
STEEL FRAME
Total area
80,045 SF
Lot
5.07 ac (220,936 SF)
Zoning code
C-3
APN
291/00065-514-000
UPID
US25-0489716
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
by Request
CAP Approach
CAP
$14.28M
Comparable Approach
Comparable
$17.68M
Blend (final)
Blend
$13.16M
Owner & transaction history
Des Moines Medical Props LLC · 6 yrs held
Des Moines Medical Props LLC
since 2019
1 recorded transaction
Zoning & alternative use
C-3 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.8M
+3.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$15,465,000
6.5%
$14,275,000
7%
$13,255,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$13,320,000
Current use
AUTO REPAIR, GARAGE
$13,785,000
Change: +3% · Conversion: Difficult
RESTAURANT
$12,355,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,785,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$13.16M
Range $11.84M – $14.47M · ±10%
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
$164 / 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
$45,338
Tax year 2020
Assessed value
$20,500,000
Assessed 2023
Previous assessed
$20,500,000
+0.0% YoY
Effective rate
0.22%
On assessed value
Assessed land
$2,020,000
Assessed improvement
$18,480,000
Land market value
$2,020,000
Improvement market value
$18,480,000
Total market value
$20,500,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
80,045 SF
Lot
5.07 ac (220,936 SF)
Zoning code
C-3
APN
291/00065-514-000
UPID
US25-0489716
Jurisdiction
POLK
Zoning & alternative use
C-3 · Clive, IA
Zoning C-3 · permitted uses
C-3 · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$13.3M
AUTO REPAIR, GARAGE
Est. value
$13.8M
RESTAURANT
Est. value
$12.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
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
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
5.07 ac
Current owner
From public records · entity-resolved
Des Moines Medical Props LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2019
$1,330,000
Des Moines Medical Props LLC
Catholic Health Initiatives-io
Warranty Deed
—
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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