Back to Search
Property profile & analytics
OFF-MARKET
Day care centers
415 Brg Rd Polk City, IA 50226-2219
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-2541979
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2006
Construction
STEEL FRAME
Total area
12,036 SF
Lot
1.39 ac (60,679 SF)
Zoning code
C-2
APN
261/00206-501-001
UPID
US25-2541979
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Nnn Reit LP
Nnn Reit LP
since 2026
7 recorded transactions
Zoning & alternative use
C-2 · Polk City, IA
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 Polk City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Polk City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$25,680
Tax year 2020
Assessed value
$986,000
Assessed 2023
Previous assessed
$986,000
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$368,000
Assessed improvement
$618,000
Land market value
$368,000
Improvement market value
$618,000
Total market value
$986,000
Applied tax rate
7.0000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
12,036 SF
Lot
1.39 ac (60,679 SF)
Zoning code
C-2
APN
261/00206-501-001
UPID
US25-2541979
Jurisdiction
POLK
Zoning & alternative use
C-2 · Polk City, IA
Zoning C-2 · permitted uses
C-2 · Polk City, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Polk City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
1.39 ac
Current owner
From public records · entity-resolved
Nnn Reit LP
Entity
Mailing address
11540 BASS LK RD STE #6, PLYMOUTH, MN 55442-1545
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Feb 2, 2026
$3,122,500
Nnn Reit LP
Des Moines Childcare Holdings LLC
Special Warranty Deed
—
Oct 14, 2022
$5,336,000
Des Moines Childcare Holdings LLC
Eichinger 4 LLC
Limited Warranty Deed
$6,011,686 · City State Bank
Apr 12, 2011
—
Eichinger 4 LLC
Eichinger,paula
Quit Claim Deed
related
—
Feb 17, 2009
—
Paula Eichinger
Eichinger,william
Quit Claim Deed
related
—
Jun 19, 2006
$674,500
William A Eichinger
Marina Dev LLC
Warranty Deed
$635,500 · Gateway Savings Bank
Aug 26, 2004
$1,100,000
Liberty Bank Fsb
Sheriff Of Polk County
Trustees Deed
related
—
—
—
Marina Dev LLC
—
Deed Of Trust
$722,500 · Liberty Federal Savings Bank
—
—
William Eichinger
—
Deed Of Trust
related
$720,000 · Community State Bank
—
—
Eichinger 4 LLC
—
Deed Of Trust
related
—
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?”
You own 415 Brg Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
