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Property profile & analytics
OFF-MARKET
Apartment buildings
216 High SW St Mitchellville, IA 50169-9702
Entity Owned
7-yr Hold
Property ID
US25-0267039
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
FRAME
Total area
4,352 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-3
APN
141/00356-000-000
UPID
US25-0267039
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
High Street Rentals LLC · 7 yrs held
High Street Rentals LLC
since 2019
7 recorded transactions
Zoning & alternative use
R-3 · Mitchellville, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Mitchellville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mitchellville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,670
Tax year 2020
Assessed value
$450,000
Assessed 2023
Previous assessed
$450,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$50,700
Assessed improvement
$399,300
Land market value
$50,700
Improvement market value
$399,300
Total market value
$450,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1968
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Units
8
Rooms
5
Bathrooms
1
Total area
4,352 SF
Lot
0.5 ac (21,780 SF)
Zoning code
R-3
APN
141/00356-000-000
UPID
US25-0267039
Jurisdiction
POLK
Zoning & alternative use
R-3 · Mitchellville, IAZoning R-3 · permitted uses
R-3 · Mitchellville, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1968
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Units
8
Rooms
5
Bathrooms
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
High Street Rentals LLC
Entity
Mailing address
2625 SE JARVIS LN, RUNNELLS, IA 50237-1264
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2019
$300,000
High Street Rentals LLC
Capital City Real Estate INC
Warranty Deed
$240,000 · Lincoln Savings Bank
Apr 1, 2019
$275,000
Capital City R & E INC
216 High St Sw LLC
Warranty Deed
related
—
May 1, 2018
$275,000
Capital City R & E INC
216 High St Sw LLC
Grant Deed
related
—
Jan 14, 2016
$23,000
216 High St Sw LLC
M Wrld LLC
Warranty Deed
$184,000 · First National Bank Ames Iowa
Aug 1, 2007
—
M-wrld LLC
Mason,eric D & Jacolyn A
Quit Claim Deed
related
—
Jun 29, 2007
$213,500
Eric Mason
Crawford,ben E JR
Warranty Deed
$180,000 · City State Bank
—
—
M-wrld LLC
—
Deed Of Trust
related
$161,594 · City State 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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