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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Warehouses
36620 Nn Ave De Soto, IA 50069-6232
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0425796
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
FRAME
Total area
2,400 SF
Lot
29.6 ac (1,289,376 SF)
APN
1531301010
UPID
US25-0425796
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
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$476k
Blend (final)
Blend
$750k
Owner & transaction history
Altoona Properties LLC · 2 yrs held
Altoona Properties LLC
since 2024
Last sale
$748,363
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 De Soto submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs De Soto 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
$750,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $748k (Apr 17 2024)
Last sale anchor
$748k
Apr 17 2024
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
$313 / 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
$6,304
Tax year 2023
Assessed value
$345,920
Assessed 2024
Previous assessed
$345,920
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$222,000
Assessed improvement
$123,920
Land market value
$222,000
Improvement market value
$123,920
Total market value
$345,920
Applied tax rate
40,007.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1990
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
2,400 SF
Lot
29.6 ac (1,289,376 SF)
APN
1531301010
UPID
US25-0425796
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
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
29.6 ac
Current owner
From public records · entity-resolved
Altoona Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1200 PR DR SW, BONDURANT, IA 50035-4435
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 17, 2024
$748,500
Altoona Properties LLC
Austin Reed
Warranty Deed
—
Apr 17, 2024
$550,000
Bryan Reed
Dalco Land Company Lc
Warranty Deed
—
Jan 3, 2024
—
Bryan Reed
Dalco Land Company Lc
Contract Sale
$386,246 · Dalco Land Company LLC
Jul 10, 2018
$39,875
Bryan Reed
Lynch R/e Corp
Warranty Deed
—
Dec 5, 2017
$550,000
Bryan Reed
Dalco Land Co Lc
Dual Purpose Document
related
$449,000 · Dalco Land Co Lc
Feb 17, 2016
—
Michael E Walrod
Dalco Land Co Lc
Quit Claim Deed
related
—
Nov 24, 2015
$149,000
Buse & Vrieze LLC
Dalco Land Co Lc
Dual Purpose Document
related
$142,000 · Private Individual
Aug 20, 2004
—
Christiana Bank
First National Acceptance
Quit Claim Deed
related
—
Aug 20, 2004
$40,000
Dalco Land Co LLC
Christiana Bank & Trust
Warranty Deed
—
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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