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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Warehouses
645 80th St Runnells, IA 50237
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0265310
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2023
Construction
FRAME
Total area
7,680 SF
Lot
107.12 ac (4,666,234 SF)
Zoning code
MDR
APN
220/00004-003-000
UPID
US25-0265310
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
$532k
Blend (final)
Blend
$585k
Owner & transaction history
Brady Properties LLC · 9 yrs held
Brady Properties LLC
since 2016
7 recorded transactions
Zoning & alternative use
MDR · Runnells, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$895,000
+36.8%
Commercial (general)
$840,000
+28.2%
Neighborhood: shopping center
$755,000
+15.6%
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 Runnells submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Runnells 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
WAREHOUSE, STORAGE
$655,000
Current use
RETAIL STORES
$895,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$840,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$755,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$76 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$15,640
Tax year 2023
Assessed value
$1,030,000
Assessed 2024
Previous assessed
$393,000
+162.1% YoY
Effective rate
1.52%
On assessed value
Assessed land
$332,000
Assessed improvement
$698,000
Land market value
$332,000
Improvement market value
$698,000
Total market value
$1,030,000
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2023
Construction
FRAME
Heating
FORCED AIR
Cooling
NONE
Buildings
4
Stories
1
Rooms
8
Bathrooms
2
Total area
7,680 SF
Lot
107.12 ac (4,666,234 SF)
Zoning code
MDR
APN
220/00004-003-000
UPID
US25-0265310
Jurisdiction
POLK
Zoning & alternative use
MDR · Runnells, IA
Zoning MDR · permitted uses
MDR · Runnells, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Runnells. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$655,000
RETAIL STORES
Est. value
$895,000
COMMERCIAL (GENERAL)
Est. value
$840,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$755,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
2023
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Rooms
8
Bathrooms
2
Lot
107.12 ac
Current owner
From public records · entity-resolved
Brady Properties LLC
Entity
Mailing address
237 NE 80TH ST, PLEASANT HILL, IA 50327-8036
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2016
—
Brady Properties LLC
Toad Valley Golf Course INC
Quit Claim Deed
related
—
Nov 14, 2016
—
Thomas E Brady
Brady Audrey Trust
Quit Claim Deed
related
—
Jun 11, 2004
$547,000
Toad Valley Golf Course INC
Brady,peggy L
Warranty Deed
—
Jun 11, 2004
$557,000
Toad Valley Golf Course INC
Brady,stephen D & Nancy A
Trustees Deed
$1,432,684 · Great Western Bank
Jun 11, 2004
$47,000
Toad Valley Golf Course INC
Brady,thomas E & Lois A
Warranty Deed
—
—
—
Toad Valley Golf Course INC
—
Deed Of Trust
related
$135,000 · Valley Bank
—
—
Toad Valley Golf Course INC
—
Deed Of Trust
related
$200,000 · Valley 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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