Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Strip malls
210 2nd NE St Bondurant, IA 50035-1336
Entity Owned
~
Est. High Equity
Property ID
US25-0301866
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
STEEL FRAME
Total area
4,500 SF
Lot
0.46 ac (20,175 SF)
Zoning code
C-2
APN
231/00225-026-003
UPID
US25-0301866
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
Current use
Occupant on record · Public records
-
Bondurant Family Chiropractic PC Alternative Medicine Practice
-
Bondurant Animal Clinic Veterinary Clinic
-
Dr. Laura Mooney Alternative Medicine Practice
-
Facial Restoration Medical Clinic Skin Care Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
$885k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$710k
Owner & transaction history
Jlm Properties LLC
Jlm Properties LLC
since 2026
Last sale
$725,500
7 recorded transactions
Zoning & alternative use
C-2 · Bondurant, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$700,000
+57.5%
Medical building
$680,000
+53.1%
Retail stores
$525,000
+18.3%
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 Bondurant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bondurant 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
$695,000
ML approach
$700,000
CAP Approach
CAP Return
Estimation
6%
$955,000
6.5%
$885,000
7%
$820,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$445,000
Current use
AUTO REPAIR, GARAGE
$700,000
Change: +58% · Conversion: Difficult
MEDICAL BUILDING
$680,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$525,000
Change: +18% · Conversion: Easy
COMMERCIAL (GENERAL)
$490,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $726k (May 12 2021)
Last sale anchor
$726k
May 12 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
$158 / 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
$8,136
Tax year 2020
Assessed value
$368,000
Assessed 2023
Previous assessed
$368,000
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$30,400
Assessed improvement
$337,600
Land market value
$30,400
Improvement market value
$337,600
Total market value
$368,000
Applied tax rate
4.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
4,500 SF
Lot
0.46 ac (20,175 SF)
Zoning code
C-2
APN
231/00225-026-003
UPID
US25-0301866
Jurisdiction
POLK
Zoning & alternative use
C-2 · Bondurant, IA
Zoning C-2 · permitted uses
C-2 · Bondurant, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bondurant. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$700,000
MEDICAL BUILDING
Est. value
$680,000
RETAIL STORES
Est. value
$525,000
COMMERCIAL (GENERAL)
Est. value
$490,000
NEIGHBORHOOD: SHOPPING CENTER Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
2013
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Jlm Properties LLC
Entity
Mailing address
MOUNT, VERNON, IA 52314
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 16, 2026
$725,500
Jlm Properties LLC
Md Properties LLC
Warranty Deed
$720,000 · Visionbank Of Iowa
May 12, 2021
$620,000
M D Properties LLC
NA Clinic LLC
Warranty Deed
$697,699 · Dupaco Community Cu
Jul 3, 2019
—
NA Clinic LLC
—
Deed
related
$147,406 · Fnb Bank
Oct 9, 2017
—
NA Clinic LLC
Larson,david A & Diane M
Quit Claim Deed
related
—
Nov 26, 2014
$275,000
Curry Scott L Colleen R|larson D A
Canada Properties LLC
Grant Deed
—
Jun 14, 2012
—
Canada Properties LLC
Nlc Harmel INC
Corporation Deed
$187,513 · First Newton National Bank
Jul 22, 2009
$249,500
Nlc Harmel INC
Adams Properties INC
Warranty Deed
$202,473 · First Newton National Bank
Sep 7, 2005
—
Adams Properties INC
Adams,michael R & Laura J
Quit Claim Deed
related
—
—
—
Adams Properties INC
—
Deed Of Trust
related
$125,000 · State Savings Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 210 2nd NE St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
