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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Car washes
3969 Urbandale Dr Urbandale, IA 50322-7930
Entity Owned
17-yr Hold
Free & Clear
Property ID
US25-2527532
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2009
Construction
FRAME
Total area
6,224 SF
Lot
1.79 ac (77,755 SF)
Zoning code
C-N
APN
312/01591-602-000
UPID
US25-2527532
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
$996k
Blend (final)
Blend
$1.10M
Owner & transaction history
Meridian Holdings LLC · 17 yrs held
Meridian Holdings LLC
since 2008
5 recorded transactions
Zoning & alternative use
C-N · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
DISTRICT. § 160.10 “R-3” LOW DENSITY MULTI-FAMILY DISTRICT. § 160.11 “R-4” MEDIUM DENSITY MULTI-FAMILY DISTRICT. § 160.12 “O-R” TRANSITIONAL OFFICE/RESIDENTIAL DISTRICT. § 160.13 “C-O” 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-…
Zone name
Neighborhood Convenience
General category
COMMERCIAL
Zone area
121.67 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
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
AUTO REPAIR, GARAGE
$1,070,000
Current use
MEDICAL BUILDING
$1,035,000
Change: -3% · Conversion: Difficult
RESTAURANT
$960,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$915,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±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
$177 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$34,272
Tax year 2020
Assessed value
$1,490,000
Assessed 2023
Previous assessed
$1,490,000
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$399,000
Assessed improvement
$1,091,000
Land market value
$399,000
Improvement market value
$1,091,000
Total market value
$1,490,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2009
Construction
FRAME
Heating
NONE
Buildings
1
Stories
2
Total area
6,224 SF
Lot
1.79 ac (77,755 SF)
Zoning code
C-N
APN
312/01591-602-000
UPID
US25-2527532
Jurisdiction
POLK
Zoning & alternative use
C-N · Urbandale, IAZoning C-N · permitted uses
C-N · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
DISTRICT. § 160.10 “R-3” LOW DENSITY MULTI-FAMILY DISTRICT. § 160.11 “R-4” MEDIUM DENSITY MULTI-FAMILY DISTRICT. § 160.12 “O-R” TRANSITIONAL OFFICE/RESIDENTIAL DISTRICT. § 160.13 “C-O” 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. § 16
Zone name
Neighborhood Convenience
General category
COMMERCIAL
Zone area
121.67 ac
Source
CHAPTER 160: ZONING
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$960,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$915,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2009
Construction
FRAME
Heating
NONE
Stories
2
Buildings
1
Lot
1.79 ac
Current owner
From public records · entity-resolved
Meridian Holdings LLC
Entity
Free & Clear · 17 yrs held
Mailing address
PO BOX 7574, URBANDALE, IA 50323-7574
Ownership since
2008
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
Feb 24, 2009
—
Meridian Holdings LLC
—
Trustees Deed
related
$2,750,000 · Northwest Bank
Oct 13, 2008
—
Meridian Holdings LLC
—
Trustees Deed
related
$2,050,000 · Northwest Bank
Oct 9, 2008
$500,000
Meridian Holdings LLC
Ward Land Investments LLC
Warranty Deed
—
—
—
Meridian Holdings LLC
—
Deed Of Trust
related
—
—
—
Meridian Holdings LLC
—
Deed Of Trust
related
$1,000,000 · Northwest 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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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