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    1770 NE 70Th St Pleasant Hill, IA 50327

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    1770 NE 70Th St Pleasant Hill, IA 50327

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    • Residential land & home lots
    Off-Market
    Property ID
    US25-0357913
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 1770 NE 70Th St

    Property type
    Residential land & home lots

    Description

    Pleasant Hill, Polk County, Iowa Development Land - 78.35 acres of prime development ground located along the west side of paved NE 70th St. Adjacent to South East Polk's future elementary school. Gently rolling topography with all utilities at or near the site the property is ready for development. The property is indicated on Pleasant Hill's future use map as medium-density residential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Hill
    County
    Polk
    State
    Iowa
    Longitude
    -93.469895
    Latitude
    41.6080923

    Comparable in this City

    • $147,000
      0.92 Acres

      Residential Land in Pleasant Hill

      0.9 acre lot to build your dream home.
      7242 NE 12Th Ave, Pleasant Hill, IA 50327
      View Details
    • $139,750
      1.40 Acres

      Wooded Land in Pleasant Hill

      1.4 acres of wooded land near Pleasant Hill, Iowa.
      6373 Vandalia Dr, Pleasant Hill, IA 50327
      View Details
    • New
      $120,000
      0.80 Acres

      Wooded Lot in Pleasant Hill

      0.799-acre wooded lot in Southeast Polk School District.
      5640 Arbor Creek Ct, Pleasant Hill, IA 50327
      View Details
    • $55,000
      Pending

      Ready-to-Build Townhome Lots

      Build-ready townhome lots with 5-year tax abatement.
      742 NE 71St St, Runnells, IA 50327
      View Details
    • $115,000
      0.98 Acres

      Cul-de-Sac Lot with Lake Views

      Premium homesite with lake views and builder flexibility.
      5689 Arbor Lake Dr, Pleasant Hill, IA 50327
      View Details
    • $975,000

      Development Land in Pleasant Hill

      Prime commercial land in a rapidly developing area.
      6839 NE 12Th Ave, Pleasant Hill, IA 50327
      View Details

    Similar Nearby for Sale

    • $147,000
      0.92 Acres

      Residential Land in Pleasant Hill

      0.9 acre lot to build your dream home.
      7242 NE 12Th Ave, Pleasant Hill, IA 50327
      View Details
    • $139,750
      1.40 Acres

      Wooded Land in Pleasant Hill

      1.4 acres of wooded land near Pleasant Hill, Iowa.
      6373 Vandalia Dr, Pleasant Hill, IA 50327
      View Details
    • New
      $120,000
      0.80 Acres

      Wooded Lot in Pleasant Hill

      0.799-acre wooded lot in Southeast Polk School District.
      5640 Arbor Creek Ct, Pleasant Hill, IA 50327
      View Details
    • $55,000
      Pending

      Ready-to-Build Townhome Lots

      Build-ready townhome lots with 5-year tax abatement.
      742 NE 71St St, Runnells, IA 50327
      View Details
    • $115,000
      0.98 Acres

      Cul-de-Sac Lot with Lake Views

      Premium homesite with lake views and builder flexibility.
      5689 Arbor Lake Dr, Pleasant Hill, IA 50327
      View Details
    • $975,000

      Development Land in Pleasant Hill

      Prime commercial land in a rapidly developing area.
      6839 NE 12Th Ave, Pleasant Hill, IA 50327
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      Retail Land For Lease

      Retail land available for ground lease or build-to-suit.
      University Ave & Shadyview Blvd, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing

      Land and Retail Space Available

      Land for ground lease or build-to-suit, retail space available.
      N Shadyview Blvd, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing

      Industrial Park Space Available

      Commercial space for lease in Pleasant Hill Industrial Park.
      Pleasant Hl Industrial Park, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing

      Pleasant Hill Office Space Available

      4,000 sqft office space in Vanilla Box condition.
      5075 E University Ave, Pleasant Hill, IA 50327
      View Details
    • $15 SF/Yr

      Retail Space For Lease

      Retail space available with frontage on E University Ave.
      1225 Copper Creek Dr, Pleasant Hill, IA 50327
      View Details
    • $11 SF/Yr
      1,071 SF

      Retail Center in Pleasant Hill

      Retail center with high visibility and convenient access.
      4830 Maple Dr, Pleasant Hill, IA 50327
      View Details
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    Pleasant Hill, IA 50327
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1770 NE 70Th St, Pleasant Hill, IA, 50327

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