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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Investment properties
4350 Capitol Cir, Grimes, IA 50111-4852
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US25-0424971
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1992
Construction
STEEL FRAME
Total area
7,500 SF
Lot
0.76 ac (33,322 SF)
Zoning code
M-1A
APN
311/00174-314-002
UPID
US25-0424971
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
$607k
Blend (final)
Blend
$620k
Owner & transaction history
Chicken Coupe LLC · 14 yrs held
Chicken Coupe LLC
since 2011
7 recorded transactions
Zoning & alternative use
M-1A · Grimes, 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 Grimes submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Grimes 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
COMMERCIAL (GENERAL)
$1,020,000
Current use
RETAIL STORES
$875,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$83 / 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
$11,160
Tax year 2020
Assessed value
$543,000
Assessed 2023
Previous assessed
$543,000
+0.0% YoY
Effective rate
2.06%
On assessed value
Assessed land
$106,000
Assessed improvement
$437,000
Land market value
$106,000
Improvement market value
$437,000
Total market value
$543,000
Applied tax rate
13.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
7,500 SF
Lot
0.76 ac (33,322 SF)
Zoning code
M-1A
APN
311/00174-314-002
UPID
US25-0424971
Jurisdiction
POLK
Zoning & alternative use
M-1A · Grimes, IA
Zoning M-1A · permitted uses
M-1A · Grimes, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Grimes. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.0M
RETAIL STORES
Est. value
$875,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1992
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
0.76 ac
Current owner
From public records · entity-resolved
Chicken Coupe LLC
Entity
Mailing address
PO BOX 447, WAUKEE, IA 50263-0447
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2018
—
The Chicken Coupe LLC
—
Deed
related
$445,000 · Pinnacle Bank
Aug 14, 2017
—
Chicken Coupe LLC
—
Grant Deed
related
$5,000,000 · Lincoln Svgs Bk
Oct 14, 2011
—
Chicken Coupe LLC
Bubble Hut LLC
Quit Claim Deed
related
—
Mar 6, 2006
—
Bubble Hut LLC
Comes,marsha D
Warranty Deed
related
—
—
—
Chicken Coupe LLC
—
Deed Of Trust
related
$32,000 · Great Western Bank
—
—
Chicken Coupe LLC
—
Deed Of Trust
related
$3,976,300 · Great Western Bank
—
—
Chicken Coupe LLC
—
Deed Of Trust
related
$400,000 · Great Western Bank
—
—
Chicken Coupe LLC
—
Deed Of Trust
related
$3,976,300 · Great Western Bank
—
—
Marsha D Comes
—
Deed Of Trust
related
$520,000 · City State Bank
—
—
Red Dog Properties LLC
—
Deed Of Trust
related
$453,827 · City State Bank
—
—
Bubble Hut LLC
—
Deed Of Trust
related
$2,500,000 · West Bank
—
—
Marsha D Comes
—
Deed Of Trust
related
$1,417,712 · City State 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.
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