Property profile

8800 Northpark Dr Urbandale, IA 50131

OFF-MARKET
Hotels
Property ID
US25-2391382
65,765 SF 3.2 ac lot Built 2007
Entity Owned 13-yr Hold ~ Est. High Equity
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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

Location

8800 Northpark Dr Urbandale, IA 50131-3154
Urbandale metro Census 11704 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.52M
CAP Approach CAP
$7.62M
Comparable Approach Comparable
$6.74M
Blend (final) Blend
$7.72M

Owner & transaction history

since 2013
Last sale
$8.3M
7 recorded transactions
2023
Price N/A
2013
$6.4M
2011
Price N/A
2009
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $11.3M +136.9%
Medical building $10.9M +129.0%
Restaurant $10.2M +112.4%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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