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Property profile & analytics
OFF-MARKET
Estimated value
$2,000,000
Strip malls
8801 University Ave Clive, IA 50325-6247
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0258592
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1989
Construction
STEEL FRAME
Total area
30,624 SF
Lot
17.1 ac (744,876 SF)
Zoning code
TC-4
APN
291/00772-001-000
UPID
US25-0258592
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
$2.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.00M
Owner & transaction history
The Rack Billiards Club LLC · 2 yrs held
The Rack Billiards Club LLC
since 2024
Last sale
$2.0M
5 recorded transactions
Zoning & alternative use
TC-4 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
11-4-4 SCOPE.
Top alternative use upside
Warehouse, storage
$2.8M
+14.9%
Commercial (general)
$2.5M
+3.7%
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 Clive submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clive 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
$2,000,000
ML approach
$2,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$2,450,000
Current use
WAREHOUSE, STORAGE
$2,815,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,540,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$2.00M
Range $1.80M – $2.20M · ±10% · vs last sale $2.00M (Feb 15 2024)
Last sale anchor
$2.00M
Feb 15 2024
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
$65 / 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
$130,700
Tax year 2020
Assessed value
$5,230,000
Assessed 2023
Previous assessed
$5,230,000
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$4,680,000
Assessed improvement
$550,000
Land market value
$4,680,000
Improvement market value
$550,000
Total market value
$5,230,000
Applied tax rate
20.0000
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
1989
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
4
Stories
1
Total area
30,624 SF
Lot
17.1 ac (744,876 SF)
Zoning code
TC-4
APN
291/00772-001-000
UPID
US25-0258592
Jurisdiction
POLK
Zoning & alternative use
TC-4 · Clive, IAZoning TC-4 · permitted uses
TC-4 · Clive, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
11-4-4 SCOPE.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$2.5M
WAREHOUSE, STORAGE
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1989
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
4
Lot
17.1 ac
Current owner
From public records · entity-resolved
The Rack Billiards Club LLC
Entity
Mailing address
2075 NW 94TH ST, CLIVE, IA 50325-5311
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2024
$2,000,000
The Rack Billiards Club LLC
University Park Properties LLC
Warranty Deed
$840,696 · Bank Iowa
Jan 3, 2024
$7,470,000
University Park Properties LLC
Wso University Park Iowa LLC
Special Warranty Deed
$7,470,000 · Freedom Financial Bank
Apr 18, 2019
$4,250,000
Wso Unvi Pk Ia LLC
Csfb 2005 C3 Retail 8801 LLC
Grant Deed
—
Nov 16, 2015
$6,000,000
Csfb 2005-c3 Retail 8801 LLC
Deputy Sheriff Of Polk County|university Park Impr
Trustees Deed
related
—
May 9, 2005
$13,555,000
University Park Improvements L
University Park Desmoines LLC
Deed Of Trust
$11,680,000 · Column Financial INC
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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