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Property profile & analytics
OFF-MARKET
Estimated value
$2,835,000
Warehouses
3509 Franklin SW St Bondurant, IA 50035-4408
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0348209
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
26,250 SF
Lot
10.17 ac (443,001 SF)
APN
231/00001-035-000
UPID
US25-0348209
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
-
MID COUNTRY MACHINERY Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.28M
Blend (final)
Blend
$2.84M
Owner & transaction history
MID COUNTRY PROPERTY MANAGEMENT LLP
MID COUNTRY PROPERTY MANAGEMENT LLP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.5M
+101.8%
Auto repair, garage
$4.1M
+82.1%
Apartment house (5+ units)
$4.0M
+77.5%
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 Bondurant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bondurant 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,240,000
Current use
RESTAURANT
$4,520,000
Change: +102% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,075,000
Change: +82% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,975,000
Change: +77% · Conversion: Difficult
MEDICAL BUILDING
$3,960,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$3,060,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,870,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,590,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$2.84M
Range $2.55M – $3.12M · ±10%
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
$108 / 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
$183,624
Tax year 2023
Assessed value
$5,350,000
Assessed 2024
Previous assessed
$5,350,000
+0.0% YoY
Effective rate
3.43%
On assessed value
Assessed land
$2,370,000
Assessed improvement
$2,980,000
Land market value
$2,370,000
Improvement market value
$2,980,000
Total market value
$5,350,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Buildings
1
Stories
1
Total area
26,250 SF
Lot
10.17 ac (443,001 SF)
APN
231/00001-035-000
UPID
US25-0348209
Jurisdiction
POLK
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
WAREHOUSE, STORAGE Current
Est. value
$2.2M
RESTAURANT
Est. value
$4.5M
AUTO REPAIR, GARAGE
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.6M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2019
Construction
STEEL FRAME
Stories
1
Buildings
1
Lot
10.17 ac
Current owner
From public records · entity-resolved
MID COUNTRY PROPERTY MANAGEMENT LLP
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 1586, FORT DODGE, IA 50501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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