Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    900 56th St Pleasant Hill, IA 50327-8462

    • Apartment buildings
    • 21,240 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    $1,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2500887
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 900 56th St

    Year built
    2007
    Construction
    FRAME
    Lot size
    1.31 lot acres
    Property size
    21,240 SF
    Zone code
    C-2
    Property type
    Apartment buildings
    APN
    221/00183-202-001
    APU
    22100183202001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,631,000
      Market price range: $1.63M - $5.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Pleasant Hill
    County
    Polk
    State
    Iowa
    Longitude
    -93.504
    Latitude
    41.5978
    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
    $28,192
    $151,000
    $494,100
    $645,100
    -
    $151,000
    $494,100
    $645,100

    Comparable in this City

    • Value Estimation
      $2,485,000
      25,650 SF

      770 Pleasant Hl Blvd

      APARTMENT HOUSE (5+ UNITS) • 25,650 SF
      770 Pleasant Hl Blvd, Pleasant Hill, IA 50327-9211
      View Details
    • Value Estimation
      $1,650,000
      24,780 SF

      955 Sherrylynn Blvd

      APARTMENT HOUSE (5+ UNITS) • 24,780 SF
      955 Sherrylynn Blvd, Pleasant Hill, IA 50327-8414
      View Details
    • Value Estimation
      $1,520,000
      11,803 SF

      555 Walnut Blvd

      APARTMENT HOUSE (5+ UNITS) • 11,803 SF
      555 Walnut Blvd, Pleasant Hill, IA 50327-9216
      View Details
    • Value Estimation
      $1,425,000
      20,496 SF

      697 Sherrylynn Blvd

      APARTMENT HOUSE (5+ UNITS) • 20,496 SF
      697 Sherrylynn Blvd, Pleasant Hill, IA 50327-2176
      View Details
    • Value Estimation
      $5,750,000
      98,123 SF

      755 56th St

      APARTMENT HOUSE (5+ UNITS) • 98,123 SF
      755 56th St, Pleasant Hill, IA 50327-2249
      View Details
    • Value Estimation by Request
      40,346 SF

      6120 12th Ave

      APARTMENT HOUSE (5+ UNITS) • 40,346 SF
      6120 12th Ave, Pleasant Hill, IA 50327-8802
      View Details

    Similar Nearby for Sale

    • $437,500
      1,563 SF

      Ranch Duplex with Pond View

      Modern duplex in Pleasant Hill backing to a pond.
      782 NE 71St St, Pleasant Hill, IA 50327
      View Details
    • $325,000
      0.36 Acres

      Pleasant Hill Ranch-Style Duplex

      Well-maintained duplex with finished basements, ideal for investors/owner-occupants.
      4510 Concord Dr, Pleasant Hill, IA 50327
      View Details
    • $2,938,313
      78.35 Acres

      Prime Pleasant Hill Land

      78 Acres, Residential Potential
      1770 70Th St, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing
      37.49 Acres

      Prime Pleasant Hill Land

      37 acres, mixed-use potential.
      7100 12Th Ave, Pleasant Hill, IA 50327
      View Details
    • Contact for pricing
      40.09 Acres

      Rising Ridge: 40 Acres Commercial Land

      Prime Pleasant Hill commercial land, ideal for development.
      pleasant Rising Rdg, Pleasant Hill, IA 50327
      View Details
    • $720,000
      1.65 Acres

      Prime Pleasant Hill Commercial Land

      1.65 Acres, Hwy 65 Visibility
      5940 Morning Star Ct, Pleasant Hill, IA 50327
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,282,400 SF

      Pleasant Hill Industrial Park For Lease

      Large Iowa Industrial Space Available
      0 Pleasant Hl Industrial Park, Pleasant Hill, IA 50327
      View Details
    • $10 SF/Yr
      14,280 SF

      Prime Pleasant Hill Office Space

      Modern office suites, flexible layouts.
      5075 University Ave, Pleasant Hill, IA 50327
      View Details
    • $10 SF/Yr
      7,027 SF

      Hickory Plaza Office Space Available

      Pleasant Hill, IA Office Suites, 1,000-2,000 SF
      1100 Hickory Blvd, Pleasant Hill, IA 50327
      View Details
    • $10 SF/Yr
      2,000 SF

      Retail/Office Space Near Golf Course

      2,000 SF retail/office space for lease near Copper Creek.
      1100 N Hickory Blvd, Pleasant Hill, IA 50327
      View Details
    • $16 SF/Yr
      1,900 SF

      Retail Space in Clive Center

      Retail space available in a well-located Clive shopping center.
      9735-9755 University Ave, Clive, IA 50327
      View Details
    • Contact for pricing
      2 SF

      Retail Land For Lease

      Retail land available for ground lease or build-to-suit.
      University Ave & Shadyview Blvd, Pleasant Hill, IA 50327
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    900 56th St
    Pleasant Hill, IA 50327-8462
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.