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Property profile & analytics
OFF-MARKET
Estimated value
$3,765,000
Grocery and convenience stores
1725 86th St Clive, IA 50325-1021
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0403472
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2010
Construction
STEEL FRAME
Total area
4,995 SF
Lot
1.42 ac (61,899 SF)
Zoning code
TC-3
APN
291/00399-251-000
UPID
US25-0403472
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
$3.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.77M
Owner & transaction history
Hurd Kettlestone LLC · 5 yrs held
Hurd Kettlestone LLC
since 2021
Last sale
$3.8M
6 recorded transactions
Zoning & alternative use
TC-3 · Clive, IA
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
$3,675,000
ML approach
$3,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.77M
Range $3.39M – $4.14M · ±10% · vs last sale $3.83M (Apr 19 2021)
Last sale anchor
$3.83M
Apr 19 2021
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
$754 / 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
$46,304
Tax year 2020
Assessed value
$2,068,400
Assessed 2023
Previous assessed
$2,068,400
+0.0% YoY
Effective rate
2.24%
On assessed value
Assessed land
$749,900
Assessed improvement
$1,318,500
Land market value
$749,900
Improvement market value
$1,318,500
Total market value
$2,068,400
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2010
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
4,995 SF
Lot
1.42 ac (61,899 SF)
Zoning code
TC-3
APN
291/00399-251-000
UPID
US25-0403472
Jurisdiction
POLK
Zoning & alternative use
TC-3 · Clive, IAZoning TC-3 · permitted uses
TC-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.
Building & site characteristics
From public records
Year built
2010
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.42 ac
Current owner
From public records · entity-resolved
Hurd Kettlestone LLC
Entity
Mailing address
1459 GRAND AVE, DES MOINES, IA 50309-3005
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 19, 2021
$3,828,000
Hurd Kettlestone LLC
Thomas D Lepic
Warranty Deed
$2,872,500 · Central State Bank
Mar 16, 2020
—
Happe Hms LLP
—
Deed
related
$300,000 · Community St Bk
Aug 8, 2019
$3,700,000
Thomas D Lepic
Kum & Go Lc
Warranty Deed
$2,433,887 · Greenstate Cu
Jun 30, 2011
—
Kum Lc
—
Deed Of Trust
related
$35,000,000 · Ge Business Financial Svcs INC
Jun 11, 2004
$517,500
Kum Lc
Krausewa Lc
Deed Of Trust
related
$25,000,000 · Merrill Lynch Business Finl Sv
—
—
Happe Hms LLP
—
Deed Of Trust
related
$300,000 · Community St Bk
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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