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Property profile & analytics
OFF-MARKET
Estimated value
$3,780,000
Investment properties
1700 118th St Clive, IA 50325
Entity Owned
~
Est. High Equity
Property ID
US25-0183071
Property summary
AI-generated overview
Deerwood Office Park, located at 1700 NW 118th Street in Clive, Iowa (zip code 50325), offers exceptional office space for lease. This two-building complex boasts a total of 18,236 square feet of versatile office space, ideal for both executive and creative businesses. Multiple tenancy options are available, with spaces ranging from a minimum of 1,748 square feet to a maximum contiguous space of 2,340 square feet. Currently, 4,088 square feet of space is vacant and ready for immediate occupancy. The property provides ample parking, with a ratio of 4.81 spaces per 1,000 rentable square feet. Situated in Polk County, this prime location offers easy access to major transportation routes and amenities. The property's design caters to the needs of modern businesses seeking efficient and stylish work environments. Contact us today to schedule a viewing and explore the possibilities of establishing your business at Deerwood Office Park. This is a fantastic opportunity to secure high-quality office space in a thriving Iowa community.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2002
Construction
STEEL FRAME
Total area
30,148 SF
Lot
20.74 ac (903,391 SF)
Zoning code
C-3
APN
291/00065-038-001
UPID
US25-0183071
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
$4.59M
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$3.78M
Owner & transaction history
Mcr Investments Vii LLC
Mcr Investments Vii LLC
since 2026
Last sale
$34,500
7 recorded transactions
Zoning & alternative use
C-3 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+107.5%
Auto repair, garage
$4.7M
+87.2%
Apartment house (5+ units)
$4.6M
+82.5%
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%
$4,975,000
6.5%
$4,590,000
7%
$4,265,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,500,000
Current use
RESTAURANT
$5,190,000
Change: +107% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,685,000
Change: +87% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,565,000
Change: +82% · Conversion: Moderate
MEDICAL BUILDING
$4,550,000
Change: +82% · Conversion: Easy
RETAIL STORES
$3,515,000
Change: +41% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,970,000
Change: +19% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,570,000
Change: +3% · Conversion: Difficult
Blend value · Realmo final
$3.78M
Range $3.40M – $4.16M · ±10% · vs last sale $35k (Oct 17 2023)
Last sale anchor
$35k
Oct 17 2023
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
$125 / 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
$238,656
Tax year 2020
Assessed value
$11,500,000
Assessed 2023
Previous assessed
$11,500,000
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$4,420,000
Assessed improvement
$7,080,000
Land market value
$4,420,000
Improvement market value
$7,080,000
Total market value
$11,500,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
3
Stories
2
Total area
30,148 SF
Lot
20.74 ac (903,391 SF)
Zoning code
C-3
APN
291/00065-038-001
UPID
US25-0183071
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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RESTAURANT
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$3.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
3
Lot
20.74 ac
Current owner
From public records · entity-resolved
Mcr Investments Vii LLC
Entity
Mailing address
800 LINCOLN WAY, AMES, IA 50010-6915
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2026
—
Mcr Investments Vii LLC
—
Deed
related
$7,603,810 · Home State Bank
Apr 23, 2026
—
Mcr Investments Vii LLC
Mcr Investments Vi LLC
Deed
related
—
Apr 10, 2026
—
Mcr Investments Vii LLC
Mcr Investments Vi LLC
Quitclaim Deed
related
—
Mar 19, 2026
—
Mcr Investments Vii LLC
—
Deed
related
$7,553,413 · Home State Bank
Oct 17, 2023
$34,500
And Mcr Investments Vi LLC
Mcr Investments Vii LLC
Warranty Deed
—
Jan 14, 2020
—
Mcr Invs Vi LLC
Ipe1031 Rev321 LLC
Warranty Deed
—
Oct 24, 2019
$10,300,000
Ipe1031 Rev 321 LLC
Kumagai Properties I LLC
Special Warranty Deed
$8,240,000 · Greenstate Cu
Apr 6, 2015
$6,975,000
Kumagai Properties I LLC
Lsref2 Baron LLC
Grant Deed
$4,700,000 · Miscellaneous Ins Co
May 7, 2012
$5,100,320
Lsref2 Baron LLC
Sheriff Of Polk County
Trustees Deed
related
—
Mar 22, 2007
—
Corporate Woods Lc
—
Trustees Deed
related
$200,000 · Regions Bank
—
—
Kumagai Properties I LLC
—
Loan Modification
related
$4,700,000 · Miscellaneous Ins Co
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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