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Property profile & analytics
OFF-MARKET
Retail space
5051 University Ave Pleasant Hill, IA 50327-7023
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0013490
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
FRAME
Total area
2,627 SF
Lot
0.32 ac (13,982 SF)
Zoning code
C-2
APN
221/00106-024-002
UPID
US25-0013490
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
M And N Homes LLC · 6 yrs held
M And N Homes LLC
since 2020
Last sale
$480,000
5 recorded transactions
Zoning & alternative use
C-2 · Pleasant Hill, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The C-2 zoning district is intended to accommodate the general retain consumer and the needs and services of the automobile traveling consumer. The district includes commercial property along major City streets and highways, providing for general business needs.
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
349.36 ac
Source
Realmo
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 Pleasant Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasant Hill 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
$8,686
Tax year 2020
Assessed value
$370,000
Assessed 2023
Previous assessed
$370,000
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$59,100
Assessed improvement
$310,900
Land market value
$59,100
Improvement market value
$310,900
Total market value
$370,000
Applied tax rate
1.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
1
Stories
1
Units
10
Rooms
5
Bathrooms
1
Total area
2,627 SF
Lot
0.32 ac (13,982 SF)
Zoning code
C-2
APN
221/00106-024-002
UPID
US25-0013490
Jurisdiction
POLK
Zoning & alternative use
C-2 · Pleasant Hill, IAZoning C-2 · permitted uses
C-2 · Pleasant Hill, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The C-2 zoning district is intended to accommodate the general retain consumer and the needs and services of the automobile traveling consumer. The district includes commercial property along major City streets and highways, providing for general business needs.
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
349.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2004
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Units
10
Rooms
5
Bathrooms
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
M And N Homes LLC
Entity
Mailing address
3421 LOST CRK LN SE, ALTOONA, IA 50009-2653
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
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
Feb 4, 2025
—
M And N Homes LLC
—
Deed
related
$201,303 · Bank Iowa
Jan 17, 2020
$480,000
M And N Homes LLC
North Central Properties LLC
Warranty Deed
$300,000 · West Bank
Feb 13, 2012
$478,500
North Central Properties LLC
Tm Enterprises LLC
Warranty Deed
$480,000 · South Story Bank & Trust
Aug 13, 2004
—
Tm Ents LLC
Thurman Ents INC
Warranty Deed
$320,000 · Community State Bank
—
—
Tm Ents LLC
—
Deed Of Trust
related
$468,000 · First 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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