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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Hotels
1525 Metro E Dr Pleasant Hill, IA 50327-8925
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0254997
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2006
Construction
FRAME
Total area
37,672 SF
Lot
4.31 ac (187,744 SF)
Zoning code
I-2
APN
221/00208-303-001
UPID
US25-0254997
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
by Request
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$2.48M
Owner & transaction history
Guru Krupa LLC Series 2 · 11 yrs held
Guru Krupa LLC Series 2
since 2015
3 recorded transactions
Zoning & alternative use
I-2 · Pleasant Hill, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-2 zoning district is intended to provide areas of the City suitable for activities and use of a general industrial nature.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,116.41 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$3.9M
+41.3%
Warehouse, storage
$3.5M
+26.5%
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 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
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
HOTEL/MOTEL
$2,740,000
Current use
COMMERCIAL (GENERAL)
$3,870,000
Change: +41% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,460,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±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
$66 / 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
$116,890
Tax year 2020
Assessed value
$3,220,000
Assessed 2023
Previous assessed
$3,220,000
+0.0% YoY
Effective rate
3.63%
On assessed value
Assessed land
$319,000
Assessed improvement
$2,901,000
Land market value
$319,000
Improvement market value
$2,901,000
Total market value
$3,220,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
PACKAGE
Buildings
1
Stories
4
Units
105
Total area
37,672 SF
Lot
4.31 ac (187,744 SF)
Zoning code
I-2
APN
221/00208-303-001
UPID
US25-0254997
Jurisdiction
POLK
Zoning & alternative use
I-2 · Pleasant Hill, IAZoning I-2 · permitted uses
I-2 · Pleasant Hill, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-2 zoning district is intended to provide areas of the City suitable for activities and use of a general industrial nature.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
1,116.41 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$3.9M
WAREHOUSE, STORAGE
Est. value
$3.5M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
2006
Construction
FRAME
Heating
PACKAGE
Stories
4
Buildings
1
Units
105
Lot
4.31 ac
Current owner
From public records · entity-resolved
Guru Krupa LLC Series 2
Entity
Mailing address
265 62ND CT, WEST DES MOINES, IA 50266-8603
Ownership since
2015
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
Jun 12, 2015
$3,200,000
Guru Krupa LLC Series 2
Miles Properties LLC Series A
Warranty Deed
—
Apr 19, 2006
$119,500
Miles Properties LLC
William C Knapp
Warranty Deed
$5,000,000 · Polk County Bank
—
—
Miles Properties LLC Series A
—
Deed Of Trust
related
$3,000,000 · Northwest 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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