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Property profile & analytics
OFF-MARKET
Estimated value
$95,000
Flex space
670 Elm St Waukee, IA 50263
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0212817
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1962
Construction
FRAME
Total area
1,472 SF
Lot
0.14 ac (6,250 SF)
APN
1233104002
UPID
US25-0212817
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
$60k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$95k
Owner & transaction history
Michael Heasley JR · 6 yrs held
Michael Heasley JR
since 2020
Last sale
$35,000
3 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
by Request
ML approach
$60,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$95k
Range $86k – $105k · ±10% · vs last sale $35k (Jan 27 2020)
Last sale anchor
$35k
Jan 27 2020
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
$65 / 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
$1,378
Tax year 2023
Assessed value
$82,330
Assessed 2024
Previous assessed
$82,330
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$18,750
Assessed improvement
$63,580
Land market value
$18,750
Improvement market value
$63,580
Total market value
$82,330
Applied tax rate
500,000.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1962
Construction
FRAME
Heating
NONE
Stories
1
Total area
1,472 SF
Lot
0.14 ac (6,250 SF)
APN
1233104002
UPID
US25-0212817
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
1962
Construction
FRAME
Heating
NONE
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Michael Heasley JR
Individual
Free & Clear · 6 yrs held
Mailing address
31633 SS AVE, ADEL, IA 50003-8654
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2020
—
Michael Heasley JR
Michael JR
Quit Claim Deed
related
—
May 21, 2008
—
Michael Heasley JR.
Heasley,michael JR & Rebecca A
Quit Claim Deed
related
$47,625 · Charter Bank
Jun 30, 2006
$35,000
Michael Heasley JR.
King,rex L & Phyllis D
Warranty Deed
$34,500 · Charter 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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