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Property profile & analytics
OFF-MARKET
Estimated value
$6,170,000
Auto shops
3277 Ute Ave Waukee, IA 50263-7100
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0186674
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1997
Total area
34,168 SF
Lot
21.71 ac (945,688 SF)
APN
1608300016
UPID
US25-0186674
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
-
GATR Truck Center - Waukee Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.19M
Blend (final)
Blend
$6.17M
Owner & transaction history
Ran Properties LLC · 5 yrs held
Ran Properties LLC
since 2021
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$5.9M
+10.6%
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 Waukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukee 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
$5,800,000
ML approach
$6,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,350,000
Current use
WAREHOUSE, STORAGE
$5,915,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$4,880,000
Change: -9% · Conversion: Difficult
Blend value · Realmo final
$6.17M
Range $5.55M – $6.79M · ±10% · vs last sale $6.40M (Jan 27 2021)
Last sale anchor
$6.40M
Jan 27 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
$181 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$190,444
Tax year 2022
Assessed value
$6,722,250
Assessed 2023
Previous assessed
$6,312,770
+6.5% YoY
Effective rate
2.83%
On assessed value
Assessed land
$3,782,750
Assessed improvement
$2,939,500
Land market value
$3,782,750
Improvement market value
$2,939,500
Total market value
$6,722,250
Applied tax rate
500,100.0000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1997
Heating
NONE
Stories
1
Total area
34,168 SF
Lot
21.71 ac (945,688 SF)
APN
1608300016
UPID
US25-0186674
Jurisdiction
DALLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$5.9M
OFFICE BUILDING
Est. value
$4.9M
AUTO REPAIR, GARAGE Current
WAREHOUSE, STORAGE
OFFICE BUILDING
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
1997
Heating
NONE
Stories
1
Lot
21.71 ac
Current owner
From public records · entity-resolved
Ran Properties LLC
Entity
Mailing address
PO BOX 367, SAUK RAPIDS, MN 56379-0367
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 23, 2024
—
Ran Properties L.l.c
—
Deed
related
$5,500,000 · West Bank
Jan 27, 2021
$6,400,000
Ran Properties LLC
Iowa Property Partners LLC
Special Warranty Deed
—
Dec 18, 2012
$500,000
Iowa Property Partners LLC
West Central Auto Auction INC
Warranty Deed
$2,404,577 · Frontier State Bank
—
—
Iowa Property Partners LLC
—
Loan Modification
related
$2,963,825 · Frontier St Bk
—
—
West Central Auto Auction INC
—
Deed Of Trust
related
$631,652 · Wells Fargo Bk/tx
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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