Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,330,000
Investment properties
501 Washington SE Ave Bondurant, IA 50035-2123
Entity Owned
14-yr Hold
Free & Clear
Property ID
US25-0063326
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2013
Construction
STEEL FRAME
Total area
14,400 SF
Lot
2.83 ac (123,318 SF)
Zoning code
C-2
APN
231/00221-594-202
UPID
US25-0063326
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
-
Controltech Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.20M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$2.33M
Owner & transaction history
Controltech Corp · 14 yrs held
Controltech Corp
since 2011
3 recorded transactions
Zoning & alternative use
C-2 · Bondurant, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+57.4%
Auto repair, garage
$2.2M
+42.0%
Apartment house (5+ units)
$2.2M
+38.4%
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 Bondurant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bondurant 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%
$2,375,000
6.5%
$2,195,000
7%
$2,035,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,575,000
Current use
RESTAURANT
$2,480,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,235,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,180,000
Change: +38% · Conversion: Moderate
MEDICAL BUILDING
$2,175,000
Change: +38% · Conversion: Easy
RETAIL STORES
$1,680,000
Change: +7% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,420,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$2.33M
Range $2.10M – $2.56M · ±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
$162 / 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
$35,094
Tax year 2020
Assessed value
$2,070,000
Assessed 2023
Previous assessed
$2,070,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$663,000
Assessed improvement
$1,407,000
Land market value
$663,000
Improvement market value
$1,407,000
Total market value
$2,070,000
Applied tax rate
4.0000
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
2013
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
14,400 SF
Lot
2.83 ac (123,318 SF)
Zoning code
C-2
APN
231/00221-594-202
UPID
US25-0063326
Jurisdiction
POLK
Zoning & alternative use
C-2 · Bondurant, IA
Zoning C-2 · permitted uses
C-2 · Bondurant, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bondurant. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.6M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.2M
RETAIL STORES
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2013
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
2.83 ac
Current owner
From public records · entity-resolved
Controltech Corp
Entity
Free & Clear · 14 yrs held
Mailing address
501 WASHINGTON AVE SE, BONDURANT, IA 50035-2123
Mailing matches property
Yes
Owner-occupied
Yes
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 26, 2012
—
Controltech Corp
—
Trustees Deed
related
$945,000 · Community State Bank
Oct 7, 2011
$105,000
Controltech Corp
Valley Bk
Warranty Deed
—
Feb 5, 2009
—
Stonebond LLC
Sc Stoner Construction Corp
Quit Claim Deed
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 501 Washington SE 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.
