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Property profile & analytics
OFF-MARKET
Commercial real estate
2851 99th St Urbandale, IA 50322-3858
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-2591297
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1998
Construction
STEEL FRAME
Total area
35,328 SF
Lot
6.54 ac (284,665 SF)
Zoning code
M-1
APN
312/00302-313-007
UPID
US25-2591297
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
A M Anderson Properties Lc · 11 yrs held
A M Anderson Properties Lc
since 2014
Last sale
$100,000
3 recorded transactions
Zoning & alternative use
M-1 · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
OFFICE/SERVICE DISTRICT. § 160.14 “C-N” NEIGHBORHOOD CONVENIENCE DISTRICT. § 160.15 “C-G” GENERAL COMMERCIAL DISTRICT. § 160.16 “C-H” HIGHWAY COMMERCIAL DISTRICT. § 160.17 “C-P” PLANNED COMMERCE PARK DISTRICT. § 160.18 “M-1” PLANNED INDUSTRIAL DISTRICT. § 160.19 “M-2” BUSINESS PARK INDUSTRIAL DISTRICT. § 160.20 “F-M” FLOODPLAIN MANAGEMENT DISTRICT. § 160.21…
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
288.45 ac
Source
CHAPTER 160: ZONING
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 Urbandale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Urbandale 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
$85,790
Tax year 2020
Assessed value
$4,480,000
Assessed 2023
Previous assessed
$4,480,000
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$1,510,000
Assessed improvement
$2,970,000
Land market value
$1,510,000
Improvement market value
$2,970,000
Total market value
$4,480,000
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
1998
Construction
STEEL FRAME
Heating
YES
Buildings
2
Stories
1
Total area
35,328 SF
Lot
6.54 ac (284,665 SF)
Zoning code
M-1
APN
312/00302-313-007
UPID
US25-2591297
Jurisdiction
POLK
Zoning & alternative use
M-1 · Urbandale, IAZoning M-1 · permitted uses
M-1 · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
OFFICE/SERVICE DISTRICT. § 160.14 “C-N” NEIGHBORHOOD CONVENIENCE DISTRICT. § 160.15 “C-G” GENERAL COMMERCIAL DISTRICT. § 160.16 “C-H” HIGHWAY COMMERCIAL DISTRICT. § 160.17 “C-P” PLANNED COMMERCE PARK DISTRICT. § 160.18 “M-1” PLANNED INDUSTRIAL DISTRICT. § 160.19 “M-2” BUSINESS PARK INDUSTRIAL DISTRICT. § 160.20 “F-M” FLOODPLAIN MANAGEMENT DISTRICT. § 160.21 “FW” FLOODWAY (OVERLAY) DISTRICT. § 160.22 “FF” FLOODWAY FRINGE (OVERLAY) DISTRICT.
Zone name
Planned Industrial
General category
INDUSTRIAL
Zone area
288.45 ac
Source
CHAPTER 160: ZONING
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
2
Lot
6.54 ac
Current owner
From public records · entity-resolved
A M Anderson Properties Lc
Entity
Mailing address
4451 NW URBANDALE DR, URBANDALE, IA 50322-7920
Ownership since
2014
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
Dec 3, 2014
$9,800,000
A M Anderson Properties Lc
170 51 Welsh Industrial Portfolio H
Special Warranty Deed
$8,500,000 · City State Bank
Aug 8, 2011
—
Welsh Indl Portfolio H 170-51
Urbandale Delaware Props LLC
Grant Deed
related
—
Aug 12, 2005
$5,500,000
Urbandale Delaware Props LLC
Am Anderson Properties Lc
Warranty Deed
$13,000,000 · General Electric Capital Corp
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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