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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Apartment buildings
7600 Dennis Dr Urbandale, IA 50322-3071
Entity Owned
11-yr Hold
Property ID
US25-0020803
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
15,312 SF
Lot
0.96 ac (41,715 SF)
Zoning code
R-1S
APN
312/01590-002-000
UPID
US25-0020803
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
$1.19M
Blend (final)
Blend
$970k
Owner & transaction history
Bnt Investment INC · 11 yrs held
Bnt Investment INC
since 2015
6 recorded transactions
Zoning & alternative use
R-1S · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RICTS. § 160.04 “A-1” AGRICULTURAL RESERVE DISTRICT. § 160.05 “A-2” ESTATE RESIDENTIAL DISTRICT. § 160.06 “R-1L” LOW DENSITY SINGLE-FAMILY DISTRICT. § 160.07 “R-1I” INTERMEDIATE DENSITY SINGLE-FAMILY DISTRICT. § 160.08 “R-1S” SUBURBAN DENSITY SINGLE-FAMILY DISTRICT. § 160.09 “R-2” TOWNHOUSE RESIDENTIAL DISTRICT. § 160.10 “R-3” LOW DENSITY MULTI-FAMILY DISTRI…
Zone name
Suburban Density Single Family
General category
RESIDENTIAL
Zone area
4,029.89 ac
Source
CHAPTER 160: ZONING
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
$970k
Range $873k – $1.07M · ±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
$63 / 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
$22,708
Tax year 2020
Assessed value
$1,200,000
Assessed 2023
Previous assessed
$1,200,000
+0.0% YoY
Effective rate
1.89%
On assessed value
Assessed land
$132,000
Assessed improvement
$1,068,000
Land market value
$132,000
Improvement market value
$1,068,000
Total market value
$1,200,000
Applied tax rate
19.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1971
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
18
Rooms
5
Bathrooms
1
Total area
15,312 SF
Lot
0.96 ac (41,715 SF)
Zoning code
R-1S
APN
312/01590-002-000
UPID
US25-0020803
Jurisdiction
POLK
Zoning & alternative use
R-1S · Urbandale, IAZoning R-1S · permitted uses
R-1S · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RICTS. § 160.04 “A-1” AGRICULTURAL RESERVE DISTRICT. § 160.05 “A-2” ESTATE RESIDENTIAL DISTRICT. § 160.06 “R-1L” LOW DENSITY SINGLE-FAMILY DISTRICT. § 160.07 “R-1I” INTERMEDIATE DENSITY SINGLE-FAMILY DISTRICT. § 160.08 “R-1S” SUBURBAN DENSITY SINGLE-FAMILY DISTRICT. § 160.09 “R-2” TOWNHOUSE RESIDENTIAL DISTRICT. § 160.10 “R-3” LOW DENSITY MULTI-FAMILY DISTRICT. § 160.11 “R-4” MEDIUM DENSITY MULTI-FAMILY DISTRICT. § 160.12 “O-R” TRANSITIONAL
Zone name
Suburban Density Single Family
General category
RESIDENTIAL
Zone area
4,029.89 ac
Source
CHAPTER 160: ZONING
Building & site characteristics
From public records
Year built
1971
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
18
Rooms
5
Bathrooms
1
Lot
0.96 ac
Current owner
From public records · entity-resolved
Bnt Investment INC
Entity
Mailing address
1133 MAPLENOL DR, WEST DES MOINES, IA 50266-4926
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2015
$595,000
Bnt Investment INC
3 Micks LLC
Warranty Deed
$492,000 · Metabank
Apr 21, 2011
$600,000
3 Micks LLC
Hocking,carmen & Donovan A
Warranty Deed
—
Dec 27, 2006
$760,000
Carmen Hocking
Mcclish,michael T & June
Warranty Deed
$450,000 · Bankers Trust Co
Mar 31, 2004
$725,000
Michael T Mcclish
Sheldahl,eric
Grant Deed
—
—
—
Donovan A Hocking
—
Deed Of Trust
related
$40,000 · Bankers Trust Co
—
—
Three Micks LLC
—
Deed Of Trust
related
$600,000 · Iowa State 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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