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    89 Paine SE St Bondurant, IA 50035-1052
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    Property profile & analytics

    89 Paine SE St, Bondurant, IA 50035-1052

    View on Map
    • Investment properties
    • 3,624 SF
    • 1.04 lot acres
    Off-Market
    Property ID
    US25-0124189
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $555,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • United States Postal Service / Money Order Service / Shipping And Mailing Service

    Property Details for 89 Paine SE St

    Year built
    2020
    Construction
    FRAME
    Lot size
    1.04 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    231/00213-061-001
    APU
    23100213061001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 14, 2020 — Penta Ptrs LLC — Deed · related $4.5M · Northwest Bk
    Feb 19, 2020 — T2 Holdings LLC — Deed · related $1.1M · Northwest Bank
    Dec 12, 2019 — Foggy Bottoms Props LLC — Deed · related $1.1M · Dng Props LLC
    — — Foggy Bottoms Props LLC — Deed Of Trust · related $1.1M · Dng Props LLC
    — — Penta Ptrs LLC — Deed Of Trust · related $4.5M · Northwest Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $600,000
      6.5%
      $550,000
      7%
      $515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $621,000
      Market price range: $230k - $621k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $395,000
      Current use
      AUTO REPAIR, GARAGE
      $565,000
      Change: +42% Conversion: Difficult
      MEDICAL BUILDING
      $545,000
      Change: +38% Conversion: Easy
      RETAIL STORES
      $425,000
      Change: +7% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $355,000
      Change: -10% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bondurant
    County
    Polk
    State
    Iowa
    Longitude
    -93.4503
    Latitude
    41.698
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $1,462
    $243,000
    $645,000
    $888,000
    -
    $243,000
    $645,000
    $888,000

    Comparable in this City

    • Value Estimation
      $1,225,000
      7,856 SF

      1350 Pr SW Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      1350 Pr SW Dr, Bondurant, IA 50035-4407
      View Details
    • Value Estimation
      $2,330,000
      14,400 SF

      501 Washington SE Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      501 Washington SE Ave, Bondurant, IA 50035-2123
      View Details
    • Value Estimation
      $630,000
      4,707 SF

      902 2nd NE St

      OFFICE/RESIDENTIAL (MIXED USE)
      902 2nd NE St, Bondurant, IA 50035-1028
      View Details
    • Value Estimation by Request
      3,200 SF

      120 Main SE St

      OFFICE/RESIDENTIAL (MIXED USE)
      120 Main SE St, Bondurant, IA 50035-7721
      View Details
    • Value Estimation by Request
      3,150 SF

      1120 2nd NE St

      OFFICE/RESIDENTIAL (MIXED USE)
      1120 2nd NE St, Bondurant, IA 50035-1018
      View Details
    • Value Estimation
      $540,000
      4,275 SF

      Bondurant, IA 50035

      OFFICE/RESIDENTIAL (MIXED USE)
      Bondurant, IA 50035
      View Details

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    • Contact for pricing

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      Industrial Land Available For Sale

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    • $199,900
      3.12 Acres

      3.12 Acre Wooded Lot

      3.12 acre wooded lot in Carpenter Woods development.
      9755 NE Santiago Dr, Bondurant, IA 50035
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    • $95,000
      0.21 Acres

      Residential Land in Executive Development

      Residential land for sale in Bondurant's newest executive development.
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    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

      Industrial Warehouse Space Available

      Two 15,000 SF industrial/warehouse buildings for lease.
      1920 NE 78Th Ave, Bondurant, IA 50035
      View Details
    • Contact for pricing
      2,000 SF

      Bondurant Flex Space For Lease

      2,000 sq ft flex space available for lease.
      2404 Robinson Ave NE, Bondurant, IA 50035
      View Details
    • Contact for pricing
      10,000 SF

      Flex Building Under Construction

      Flex building with outdoor storage, delivery Spring 2026.
      2514 Robinson Ave NE, Bondurant, IA 50035
      View Details
    • Contact for pricing

      New Industrial/Flex Space in Bondurant

      Modern 32,160 SF industrial/flex space for lease.
      2301 Shiloh Rose Pkwy SW, Bondurant, IA 50035
      View Details
    • Contact for pricing
      203,420 SF

      Proposed Industrial Building Available

      Proposed industrial building for lease with outdoor storage.
      1205 15Th St SW, Bondurant, IA 50035
      View Details
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    Bondurant, IA 50035-1052
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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