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Property profile & analytics
OFF-MARKET
Estimated value
$7,680,000
Hotels
8800 Northpark Dr Urbandale, IA 50131-3154
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US25-2391382
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
FRAME
Total area
65,765 SF
Lot
3.2 ac (139,218 SF)
APN
312/02103-481-105
UPID
US25-2391382
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
$7.52M
CAP Approach
CAP
$7.62M
Comparable Approach
Comparable
$6.74M
Blend (final)
Blend
$7.68M
Owner & transaction history
Urbandale Investors LLC · 12 yrs held
Urbandale Investors LLC
since 2013
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.3M
+136.9%
Medical building
$10.9M
+129.0%
Restaurant
$10.2M
+112.4%
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
$7,715,000
ML approach
$7,520,000
CAP Approach
CAP Return
Estimation
6%
$8,245,000
6.5%
$7,615,000
7%
$7,070,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,780,000
Current use
AUTO REPAIR, GARAGE
$11,325,000
Change: +137% · Conversion: Difficult
MEDICAL BUILDING
$10,945,000
Change: +129% · Conversion: Difficult
RESTAURANT
$10,150,000
Change: +112% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,685,000
Change: +103% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,790,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$7,640,000
Change: +60% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,045,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$7.68M
Range $6.91M – $8.45M · ±10% · vs last sale $8.25M (Oct 26 2023)
Last sale anchor
$8.25M
Oct 26 2023
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
$117 / 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
$296,682
Tax year 2020
Assessed value
$7,810,000
Assessed 2023
Previous assessed
$7,810,000
+0.0% YoY
Effective rate
3.80%
On assessed value
Assessed land
$1,730,000
Assessed improvement
$6,080,000
Land market value
$1,730,000
Improvement market value
$6,080,000
Total market value
$7,810,000
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
2007
Construction
FRAME
Heating
NONE
Buildings
1
Stories
4
Units
116
Total area
65,765 SF
Lot
3.2 ac (139,218 SF)
APN
312/02103-481-105
UPID
US25-2391382
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$11.3M
MEDICAL BUILDING
Est. value
$10.9M
RESTAURANT
Est. value
$10.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.7M
COMMERCIAL (GENERAL)
Est. value
$8.8M
RETAIL STORES
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$6.0M
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
RETAIL STORES
WAREHOUSE, STORAGE
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
2007
Construction
FRAME
Heating
NONE
Stories
4
Buildings
1
Units
116
Lot
3.2 ac
Current owner
From public records · entity-resolved
Urbandale Investors LLC
Entity
Mailing address
853 N ELSTON AVE, CHICAGO, IL 60642-4102
Ownership since
2013
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
Oct 27, 2023
—
Rh Urbandale LLC
—
Deed
related
$7,684,600 · Northwest Bank
Aug 15, 2013
$6,400,000
Urbandale Investors LLC
Sheriff Of Polk County|lb Properties Xii LLC
Trustees Deed
related
—
Jun 22, 2011
—
Lb Properties Xii LLC
—
Loan Modification
related
$8,450,000 · M&i Marshall & Ilsley Bk
Jan 2, 2009
—
Lb Properties Xii LLC
Dgt Reel Investment LLC
Quit Claim Deed
related
—
—
—
Urbandale Investors LLC
—
Deed Of Trust
related
$7,500,000 · Bankers Tr
—
—
Urbandale Investors LLC
—
Loan Modification
related
$8,505,000 · Bankers Tr
—
—
Urbandale Investors LLC
—
Deed Of Trust
related
$6,000,000 · Employees' Rp/tr/consolidated
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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