New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,955,000
Hotels
8789 Plum Dr Urbandale, IA 50322-6245
Entity Owned
4-yr Hold
Free & Clear
Property ID
US25-0652536
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2010
Construction
FRAME
Total area
60,828 SF
Lot
3.11 ac (135,384 SF)
Zoning code
PUD
APN
312/00315-106-003
UPID
US25-0652536
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
$5.05M
Blend (final)
Blend
$4.96M
Owner & transaction history
Jayhawk Hospitality LLC · 4 yrs held
Jayhawk Hospitality LLC
since 2022
4 recorded transactions
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.1M
+59.8%
Warehouse, storage
$5.6M
+26.5%
Commercial (general)
$5.5M
+24.8%
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
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,420,000
Current use
RETAIL STORES
$7,065,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,590,000
Change: +26% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,520,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$4.96M
Range $4.46M – $5.45M · ±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
$81 / 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
$219,518
Tax year 2020
Assessed value
$5,080,000
Assessed 2023
Previous assessed
$5,080,000
+0.0% YoY
Effective rate
4.32%
On assessed value
Assessed land
$1,340,000
Assessed improvement
$3,740,000
Land market value
$1,340,000
Improvement market value
$3,740,000
Total market value
$5,080,000
Applied tax rate
13.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
4
Units
93
Total area
60,828 SF
Lot
3.11 ac (135,384 SF)
Zoning code
PUD
APN
312/00315-106-003
UPID
US25-0652536
Jurisdiction
POLK
Zoning & alternative use
PUD · Urbandale, IA
Zoning PUD · permitted uses
PUD · Urbandale, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Urbandale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.4M
RETAIL STORES
Est. value
$7.1M
WAREHOUSE, STORAGE
Est. value
$5.6M
COMMERCIAL (GENERAL)
Est. value
$5.5M
HOTEL/MOTEL Current
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2010
Construction
FRAME
Heating
NONE
Cooling
Yes
Stories
4
Buildings
1
Units
93
Lot
3.11 ac
Current owner
From public records · entity-resolved
Jayhawk Hospitality LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6210 SE CONVENIENCE BLVD, ANKENY, IA 50021-9410
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2022
—
Jayhawk Hospitality LLC
Iowa Hotel Management INC
Warranty Deed
—
Jan 13, 2021
—
Iowa Hotel Mangement INC
—
Deed
related
$2,347,399 · Luana Savings Bank
Sep 26, 2012
$4,950,000
Iowa Hotel Management INC
Abc Hotel INC
Warranty Deed
—
Jul 26, 2010
$849,000
Abc Hotel INC
Abc Investments INC
Warranty Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8789 Plum Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
