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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Apartment buildings
2071 86th St Clive, IA 50325-5555
Individually Owned
17-yr Hold
Property ID
US25-0043350
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1990
Construction
FRAME
Total area
19,035 SF
Lot
7.68 ac (334,541 SF)
Zoning code
TC-2
APN
291/00537-002-000
UPID
US25-0043350
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
$2.44M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.10M
Owner & transaction history
Four Seasons Hsng Cooperative · 17 yrs held
Four Seasons Hsng Cooperative
since 2009
6 recorded transactions
Zoning & alternative use
TC-2 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+17.0%
Medical building
$3.2M
+13.0%
Restaurant
$2.9M
+4.8%
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%
$2,645,000
6.5%
$2,440,000
7%
$2,265,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,805,000
Current use
AUTO REPAIR, GARAGE
$3,280,000
Change: +17% · Conversion: Difficult
MEDICAL BUILDING
$3,170,000
Change: +13% · Conversion: Moderate
RESTAURANT
$2,940,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±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
$110 / 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
$143,648
Tax year 2020
Assessed value
$11,200,000
Assessed 2023
Previous assessed
$11,200,000
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$1,180,000
Assessed improvement
$10,020,000
Land market value
$1,180,000
Improvement market value
$10,020,000
Total market value
$11,200,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
CENTRAL
Buildings
6
Stories
3
Units
20
Total area
19,035 SF
Lot
7.68 ac (334,541 SF)
Zoning code
TC-2
APN
291/00537-002-000
UPID
US25-0043350
Jurisdiction
POLK
Zoning & alternative use
TC-2 · Clive, IA
Zoning TC-2 · permitted uses
TC-2 · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
RESTAURANT
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
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
1990
Construction
FRAME
Heating
CENTRAL
Stories
3
Buildings
6
Units
20
Lot
7.68 ac
Current owner
From public records · entity-resolved
Four Seasons Hsng Cooperative
Individual
Mailing address
230 NW SUNRISE DR, WAUKEE, IA 50263-7118
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Feb 3, 2009
$5,819,000
Four Seasons Hsng Cooperative
Timberland Partners Xxii LLP
Grant Deed
—
Feb 3, 2009
—
Four Seasons Hsng Cooperative
—
Deed Of Trust
related
$8,740,000 · Visionbank Of Iowa
—
—
Four Seasons Hsng Cooperative
—
Deed Of Trust
related
$6,580,000 · Veridian Cu
—
—
Four Seasons Hsng Cooperative
—
Loan Modification
related
—
—
—
Four Seasons Hsng Cooperative
—
Deed Of Trust
related
$6,580,000 · Veridian Cu
—
—
Four Seasons Hsng Cooperative
—
Deed Of Trust
related
$750,000 · Timberland Partners Xxii LLP
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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