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Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Commercial real estate
2165 108th St Clive, IA 50325-3713
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0158752
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1976
Construction
STEEL FRAME
Total area
52,050 SF
Lot
3.03 ac (131,987 SF)
Zoning code
C-2
APN
291/00369-423-001
UPID
US25-0158752
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
$3.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.02M
Blend (final)
Blend
$3.09M
Owner & transaction history
Aterra 152 2165 Nw 108th St Clive L · 6 yrs held
Aterra 152 2165 Nw 108th St Clive L
since 2020
Last sale
$3.7M
3 recorded transactions
Zoning & alternative use
C-2 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$4.8M
+10.8%
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
$3,020,000
ML approach
$3,090,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,320,000
Current use
WAREHOUSE, STORAGE
$4,785,000
Change: +11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,165,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±10% · vs last sale $3.66M (Feb 3 2020)
Last sale anchor
$3.66M
Feb 3 2020
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
$59 / 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
$62,598
Tax year 2020
Assessed value
$3,590,000
Assessed 2023
Previous assessed
$3,590,000
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$779,000
Assessed improvement
$2,811,000
Land market value
$779,000
Improvement market value
$2,811,000
Total market value
$3,590,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Rooms
7
Bathrooms
2
Total area
52,050 SF
Lot
3.03 ac (131,987 SF)
Zoning code
C-2
APN
291/00369-423-001
UPID
US25-0158752
Jurisdiction
POLK
Zoning & alternative use
C-2 · Clive, IA
Zoning C-2 · permitted uses
C-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
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
WAREHOUSE, STORAGE
Est. value
$4.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
WAREHOUSE, STORAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1976
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Rooms
7
Bathrooms
2
Lot
3.03 ac
Current owner
From public records · entity-resolved
Aterra 152 2165 Nw 108th St Clive L
Individual
Mailing address
1001 GRAND AVE, WEST DES MOINES, IA 50265-3502
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2020
$3,660,000
Aterra 152 2165 Nw 108th St Clive L
Martin Brody
Warranty Deed
$3,660,000 · Freedom Financial Bank
—
—
Brody,martin & Rochelle P
—
Deed Of Trust
related
$1,400,000 · Community Busn Lndrs
—
—
Martin Brody
—
Deed Of Trust
related
$495,000 · Us Bank NA
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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