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Property profile & analytics
FOR SALE
Truck terminals
3408 101 St, Urbandale, IA 50322
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0189033
For Sale
1 / 24
$4,000,000
3408 101 St, Urbandale, IA 50322
View Listing →
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1995
Construction
STEEL FRAME
Total area
12,300 SF
Lot
4.99 ac (217,364 SF)
Zoning code
M-2
APN
312/01035-037-000
UPID
US25-0189033
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
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.88M
Owner & transaction history
Fleetpark 101 Ia LLC · 5 yrs held
Fleetpark 101 Ia LLC
since 2021
Last sale
$1.9M
4 recorded transactions
Zoning & alternative use
M-2 · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.4M
+234.3%
Commercial (general)
$1.3M
+223.5%
Restaurant
$1.3M
+210.9%
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
Method
Estimation
Statistic approach
$1,825,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,365,000
Change: +234% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,320,000
Change: +224% · Conversion: Difficult
RESTAURANT
$1,270,000
Change: +211% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,230,000
Change: +202% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±10% · vs last sale $1.90M (Mar 3 2021)
Last sale anchor
$1.90M
Mar 3 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
$152 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$85,028
Tax year 2023
Assessed value
$2,250,000
Assessed 2024
Previous assessed
$2,490,000
-9.6% YoY
Effective rate
3.78%
On assessed value
Assessed land
$1,150,000
Assessed improvement
$1,100,000
Land market value
$1,150,000
Improvement market value
$1,100,000
Total market value
$2,250,000
Applied tax rate
19.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
For Sale
Year built
1995
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Rooms
7
Bathrooms
2
Total area
12,300 SF
Lot
4.99 ac (217,364 SF)
Zoning code
M-2
APN
312/01035-037-000
UPID
US25-0189033
Jurisdiction
POLK
Zoning & alternative use
M-2 · Urbandale, IA
Zoning M-2 · permitted uses
M-2 · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Urbandale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.2M
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
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
1995
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Rooms
7
Bathrooms
2
Lot
4.99 ac
Current owner
From public records · entity-resolved
Fleetpark 101 Ia LLC
Entity
Mailing address
2200 ABBOTT DR, CARTER LAKE, IA 51510-1551
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2021
$1,900,000
Fleetpark 101 Ia LLC
Randall G Mourot
Warranty Deed
$4,000,000 · Arbor Bank
Aug 6, 2010
—
Mail Contractors Of Arkansas INC
—
Deed Of Trust
related
$76,146,194 · Heller Financial
Aug 11, 2008
—
Mail Contractors Of Arkansas INC
—
Deed Of Trust
related
$82,500,000 · Heller Financial
Jan 23, 2008
—
Randall G Mourot
—
Grant Deed
related
$3,700,000 · Regions 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?”
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