Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,085,000
Strip malls
452 University Ave Waukee, IA 50263-8121
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0163363
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2006
Total area
9,663 SF
Lot
1.28 ac (55,756 SF)
APN
1604119002
UPID
US25-0163363
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
-
Athletico Physical Therapy - Waukee South Physician
-
Laura Hanson Physician
-
David Birkey Physician
-
Laura M Imming Hanson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.09M
Owner & transaction history
R And J Weis Holdings Company 8 LLC · 5 yrs held
R And J Weis Holdings Company 8 LLC
since 2021
Last sale
$3.3M
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 Waukee submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Waukee 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
$2,945,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.09M
Range $2.78M – $3.39M · ±10% · vs last sale $3.25M (Jun 4 2021)
Last sale anchor
$3.25M
Jun 4 2021
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
$319 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$64,672
Tax year 2022
Assessed value
$2,698,390
Assessed 2023
Previous assessed
$2,080,230
+29.7% YoY
Effective rate
2.40%
On assessed value
Assessed land
$669,080
Assessed improvement
$2,029,310
Land market value
$669,080
Improvement market value
$2,029,310
Total market value
$2,698,390
Applied tax rate
500,010.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2006
Heating
NONE
Stories
1
Total area
9,663 SF
Lot
1.28 ac (55,756 SF)
APN
1604119002
UPID
US25-0163363
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
2006
Heating
NONE
Stories
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
R And J Weis Holdings Company 8 LLC
Entity
Mailing address
15197 NE WHITE OAK DR, CAMBRIDGE, IA 50046-8645
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2023
—
R And J Weis Holding Company 8 LLC
—
Deed
related
$1,337,000 · Iowa Business Growth Company
Jun 4, 2021
$3,250,000
R And J Weis Holdings Company 8 LLC
1st Tee Enterprses LLC
Warranty Deed
$3,250,000 · Gnb Bank
May 31, 2019
—
1st Tee Ents LLC
Spider Monkey LLC
Warranty Deed
related
$1,771,250 · City St Bk
Sep 8, 2017
$2,205,000
Spider Monkey LLC
Three Wise Men LLC
Warranty Deed
$2,700,000 · University Of Ia Cmnty Cu
Jul 1, 2016
—
Three Wise Men LLC
—
Deed
related
$4,286,500 · Bankers Tr
Jan 20, 2006
$130,000
Dts Lc
Kum & Go Lc
Grant Deed
$1,250,000 · Pinnacle Bank
Jan 6, 2006
—
Dts Lc
—
Trustees Deed
related
$1,250,000 · Pinnacle Bank
—
—
Tattos Properties II LLC
—
Deed Of Trust
related
$993,000 · Corporation/economic Dev/des M
—
—
Dts Lc
—
Deed Of Trust
related
$1,250,000 · Peoples Trust & Savings Bank
—
—
Dts Lc
—
Deed Of Trust
related
$1,440,000 · Regions Bank
—
—
Three Wise Men LLC
—
Deed Of Trust
related
$1,600,000 · Uiccu Fin'l
—
—
Three Wise Men LLC
—
Deed Of Trust
related
$4,286,500 · Bankers Tr
—
—
Tattos Properties II LLC
—
Deed Of Trust
related
$577,000 · Corporation/economic Dev/des M
—
—
Dts Lc
—
Deed Of Trust
related
$1,440,000 · Regions 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
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 452 University Ave?
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.
