New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,635,000
Investment properties
8900 Northpark Dr Urbandale, IA 50131
Individually Owned
16-yr Hold
Free & Clear
Property ID
US25-0260283
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2014
Construction
STEEL FRAME
Total area
52,410 SF
Lot
12.74 ac (554,954 SF)
Zoning code
PUD
APN
312/02103-480-005
UPID
US25-0260283
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
$8.26M
Comparable Approach
Comparable
$10.25M
Blend (final)
Blend
$8.64M
Owner & transaction history
Delta Dental Of Iowa · 16 yrs held
Delta Dental Of Iowa
since 2009
1 recorded transaction
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$9.0M
+28.9%
Medical building
$8.7M
+24.5%
Restaurant
$8.1M
+15.5%
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%
$8,940,000
6.5%
$8,255,000
7%
$7,665,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,005,000
Current use
AUTO REPAIR, GARAGE
$9,025,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$8,720,000
Change: +25% · Conversion: Easy
RESTAURANT
$8,090,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,715,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$6,085,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$8.64M
Range $7.77M – $9.50M · ±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
$165 / 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
$305,972
Tax year 2020
Assessed value
$10,600,000
Assessed 2023
Previous assessed
$10,600,000
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$4,090,000
Assessed improvement
$6,510,000
Land market value
$4,090,000
Improvement market value
$6,510,000
Total market value
$10,600,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
52,410 SF
Lot
12.74 ac (554,954 SF)
Zoning code
PUD
APN
312/02103-480-005
UPID
US25-0260283
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
COMMERCIAL (GENERAL) Current
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$9.0M
MEDICAL BUILDING
Est. value
$8.7M
RESTAURANT
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.7M
RETAIL STORES
Est. value
$6.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
2014
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
12.74 ac
Current owner
From public records · entity-resolved
Delta Dental Of Iowa
Individual
Free & Clear · 16 yrs held
Mailing address
533 S 3RD ST STE #100, MINNEAPOLIS, MN 55415-7521
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2009
$2,650,000
Delta Dental Of Iowa
Mid-america Investment
Warranty Deed
—
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 8900 Northpark 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.
