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Property profile & analytics
OFF-MARKET
Estimated value
$3,500,000
Hotels
1600 114th St Clive, IA 50325-7071
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-2568176
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1989
Construction
FRAME
Total area
44,248 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C-3
APN
291/00065-516-001
UPID
US25-2568176
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
$3.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.69M
Blend (final)
Blend
$3.50M
Owner & transaction history
Midwes Ia Hotels LLC · 2 yrs held
Midwes Ia Hotels LLC
since 2024
Last sale
$3.5M
4 recorded transactions
Zoning & alternative use
C-3 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
11-4-4 SCOPE.
Top alternative use upside
Retail stores
$5.1M
+59.8%
Warehouse, storage
$4.1M
+26.5%
Commercial (general)
$3.7M
+14.2%
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
$3,500,000
ML approach
$3,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,215,000
Current use
RETAIL STORES
$5,140,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,065,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,670,000
Change: +14% · Conversion: Difficult
Blend value · Realmo final
$3.50M
Range $3.15M – $3.85M · ±10% · vs last sale $3.50M (Apr 22 2024)
Last sale anchor
$3.50M
Apr 22 2024
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
$79 / 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
$88,332
Tax year 2020
Assessed value
$2,700,000
Assessed 2023
Previous assessed
$2,700,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$1,450,000
Assessed improvement
$1,250,000
Land market value
$1,450,000
Improvement market value
$1,250,000
Total market value
$2,700,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
131
Total area
44,248 SF
Lot
2.6 ac (113,256 SF)
Zoning code
C-3
APN
291/00065-516-001
UPID
US25-2568176
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
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
11-4-4 SCOPE.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.2M
RETAIL STORES
Est. value
$5.1M
WAREHOUSE, STORAGE
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.7M
HOTEL/MOTEL Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1989
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
131
Lot
2.6 ac
Current owner
From public records · entity-resolved
Midwes Ia Hotels LLC
Entity
Mailing address
1600 NW 114TH ST, CLIVE, IA 50325-7071
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
$3,500,000
Midwes Ia Hotels LLC
Shree Laxmi Narayan INC
Warranty Deed
$5,020,000 · Security State Bank
Nov 2, 2017
$2,950,000
Shree Laxmi Narayan INC
Victory Lodging INC
Special Warranty Deed
$2,362,500 · Arbor Bank
Sep 5, 2006
$3,100,000
Samann Lc
Victory Lodging INC
Grant Deed
—
Jan 4, 2005
$980,000
Fairfield Inn By Marriott
Big Boy Properties INC
Grant 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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