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Property profile & analytics
OFF-MARKET
Estimated value
$7,110,000
Automotive properties
1450 Hickman Rd Waukee, IA 50263-8310
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US25-2558815
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2002
Total area
48,014 SF
Lot
11.42 ac (497,455 SF)
APN
1235100009
UPID
US25-2558815
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
-
Stivers Ford Parts Auto Parts Store
-
Stivers Midwest Pro Upfitters Auto Repair Shop
-
Stivers Lincoln Car Dealership
-
Stivers Ford Lincoln Car Dealership
-
Stivers Lincoln Service Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.31M
Blend (final)
Blend
$7.11M
Owner & transaction history
Stivers Iowa Real Estate LLC · 14 yrs held
Stivers Iowa Real Estate LLC
since 2012
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$8.3M
+10.6%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,520,000
Current use
WAREHOUSE, STORAGE
$8,315,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$6,860,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$7.11M
Range $6.40M – $7.82M · ±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
$148 / 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
$262,266
Tax year 2022
Assessed value
$9,024,860
Assessed 2023
Previous assessed
$8,253,780
+9.3% YoY
Effective rate
2.91%
On assessed value
Assessed land
$3,469,750
Assessed improvement
$5,555,110
Land market value
$3,469,750
Improvement market value
$5,555,110
Total market value
$9,024,860
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2002
Heating
NONE
Buildings
2
Stories
1
Total area
48,014 SF
Lot
11.42 ac (497,455 SF)
APN
1235100009
UPID
US25-2558815
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
AUTO REPAIR, GARAGE Current
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$8.3M
OFFICE BUILDING
Est. value
$6.9M
AUTO REPAIR, GARAGE Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
2002
Heating
NONE
Stories
1
Buildings
2
Lot
11.42 ac
Current owner
From public records · entity-resolved
Stivers Iowa Real Estate LLC
Entity
Mailing address
1450 E HICKMAN RD, WAUKEE, IA 50263-8310
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2012
$6,600,000
Stivers Iowa Real Estate LLC
Stivers Realty Lc
Warranty Deed
$5,500,000 · West Bank
Jan 26, 2006
$7,000,000
Stivers Realty Lc
Glen Mar LLP
Warranty Deed
$7,000,000 · Commerce Bank NA
—
—
Realty Lc Stivers
—
Deed Of Trust
related
$6,696,003 · West Bank
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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