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Property profile & analytics
OFF-MARKET
Estimated value
$9,865,000
Turn key restaurants
4800 Merle Hay Rd Urbandale, IA 50322-1900
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0266250
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Construction
CONCRETE
Total area
138,394 SF
Lot
5.43 ac (236,531 SF)
Zoning code
C-H
APN
312/03230-021-001
UPID
US25-0266250
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
$10.50M
Blend (final)
Blend
$9.87M
Owner & transaction history
Kinseth Hospitality II Lc · 7 yrs held
Kinseth Hospitality II Lc
since 2019
5 recorded transactions
Zoning & alternative use
C-H · Urbandale, 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 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
Blend value · Realmo final
$9.87M
Range $8.88M – $10.85M · ±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
$71 / 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
$186,294
Tax year 2020
Assessed value
$4,790,000
Assessed 2023
Previous assessed
$4,790,000
+0.0% YoY
Effective rate
3.89%
On assessed value
Assessed land
$2,370,000
Assessed improvement
$2,420,000
Land market value
$2,370,000
Improvement market value
$2,420,000
Total market value
$4,790,000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1974
Construction
CONCRETE
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
6
Units
198
Rooms
8
Bathrooms
2
Total area
138,394 SF
Lot
5.43 ac (236,531 SF)
Zoning code
C-H
APN
312/03230-021-001
UPID
US25-0266250
Jurisdiction
POLK
Zoning & alternative use
C-H · Urbandale, IA
Zoning C-H · permitted uses
C-H · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Urbandale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1974
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
6
Buildings
1
Units
198
Rooms
8
Bathrooms
2
Lot
5.43 ac
Current owner
From public records · entity-resolved
Kinseth Hospitality II Lc
Individual
Mailing address
801 E 2ND AVE STE #200, CORALVILLE, IA 52241-2250
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Mar 29, 2019
—
Kinseth Hospitality II Lc
—
Deed
related
$700,000 · Eastland S&l Assn
Jul 23, 2014
—
Kinseth Hospitality II Lc
—
Grant Deed
related
$8,500,000 · Great Wstrn Bk
—
—
Kinseth Hospitality II Lc
—
Deed Of Trust
related
$700,000 · Eastland S&l Assn
—
—
Hospitality Kinseth II
—
Deed Of Trust
related
$8,300,000 · Prudential Mortgage Capital Co
—
—
Kinseth Hospitality II Lc
—
Deed Of Trust
related
$450,000 · Great Wstrn Bk
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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