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Property profile & analytics
OFF-MARKET
Strip malls
85 Paine SE St Bondurant, IA 50035-1154
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0352452
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Construction
FRAME
Total area
7,083 SF
Lot
1.97 ac (85,857 SF)
Zoning code
C-2
APN
231/00221-382-000
UPID
US25-0352452
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
-
Densmore Insurance Strategies, Inc. Insurance Agency
-
Chiropractic Associates Physician
-
Bondurant Physical Therapy Physician
-
Barks & Wags Kennel & Boarding Facility
-
Des Moines Workers Compensation Insurance Agency Insurance Agency
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
Penta Ptrs LLC · 5 yrs held
Penta Ptrs LLC
since 2020
Last sale
$345,000
7 recorded transactions
Zoning & alternative use
C-2 · Bondurant, IA
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 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
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
$27,370
Tax year 2020
Assessed value
$2,270,000
Assessed 2023
Previous assessed
$2,270,000
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$616,000
Assessed improvement
$1,654,000
Land market value
$616,000
Improvement market value
$1,654,000
Total market value
$2,270,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
7,083 SF
Lot
1.97 ac (85,857 SF)
Zoning code
C-2
APN
231/00221-382-000
UPID
US25-0352452
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.
Building & site characteristics
From public records
Year built
1999
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
1.97 ac
Current owner
From public records · entity-resolved
Penta Ptrs LLC
Entity
Mailing address
7300 WESTOWN PKWY STE #310, WEST DES MOINES, IA 50266-2527
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 14, 2020
$5,320,000
Penta Ptrs LLC
T2 Hldgs LLC
Quit Claim Deed
related
$800,000 · Dfl
Aug 14, 2020
—
T2 Hldgs LLC
Dng Props LLC
Quit Claim Deed
related
—
Feb 5, 2019
—
T2 Holdings LLC
—
Deed
related
$1,375,000 · Northwest Bank
Jun 6, 2016
$625,000
Dng Properties LLC
Peoples Trust & Svgs Bk
Quit Claim Deed
related
—
Apr 30, 2014
$345,000
T2 Holdings LLC
Stonebond LLC
Warranty Deed
$360,000 · Dng Properties LLC
Oct 7, 2011
—
Valley Bk
Stonebond LLC
Quit Claim Deed
related
—
—
—
Dng Properties LLC|t2 Holdings LLC
—
Loan Modification
related
$360,000 · Dng Properties LLC
—
—
Dng Properties LLC
—
Loan Modification
related
$525,000 · Private Individual
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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