New search
Property profile & analytics
OFF-MARKET
Estimated value
$12,260,000
Investment properties
9100 Northpark Dr Urbandale, IA 50131
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0347292
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2001
Construction
STEEL FRAME
Total area
91,985 SF
Lot
13.11 ac (570,941 SF)
Zoning code
PUD
APN
312/02103-480-004
UPID
US25-0347292
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
$14.49M
Comparable Approach
Comparable
$15.21M
Blend (final)
Blend
$12.26M
Owner & transaction history
Aterra 202 9100 Northpark Dr Urband
Aterra 202 9100 Northpark Dr Urband
since 2025
Last sale
$10.5M
4 recorded transactions
Zoning & alternative use
PUD · Urbandale, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$15.8M
+28.9%
Medical building
$15.3M
+24.5%
Restaurant
$14.2M
+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%
$15,695,000
6.5%
$14,490,000
7%
$13,455,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$12,290,000
Current use
AUTO REPAIR, GARAGE
$15,840,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$15,310,000
Change: +25% · Conversion: Easy
RESTAURANT
$14,200,000
Change: +16% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$13,545,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$10,685,000
Change: -13% · Conversion: Easy
Blend value · Realmo final
$12.26M
Range $11.03M – $13.49M · ±10% · vs last sale $10.50M (May 20 2025)
Last sale anchor
$10.50M
May 20 2025
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
$133 / 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
$436,366
Tax year 2020
Assessed value
$15,200,000
Assessed 2023
Previous assessed
$15,200,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$4,170,000
Assessed improvement
$11,030,000
Land market value
$4,170,000
Improvement market value
$11,030,000
Total market value
$15,200,000
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
2001
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
6
Total area
91,985 SF
Lot
13.11 ac (570,941 SF)
Zoning code
PUD
APN
312/02103-480-004
UPID
US25-0347292
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
$12.3M
AUTO REPAIR, GARAGE
Est. value
$15.8M
MEDICAL BUILDING
Est. value
$15.3M
RESTAURANT
Est. value
$14.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.5M
RETAIL STORES
Est. value
$10.7M
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
2001
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
6
Buildings
1
Lot
13.11 ac
Current owner
From public records · entity-resolved
Aterra 202 9100 Northpark Dr Urband
Individual
Mailing address
1401 50TH ST STE #105, WEST DES MOINES, IA 50266-5924
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 20, 2025
$10,500,000
Aterra 202 9100 Northpark Dr Urband
Mid-america Investment Co
Warranty Deed
$10,500,000 · Bank Iowa
Sep 5, 2019
—
Mid-america Inv Co
—
Deed
related
$6,099,035 · Bank Iowa
—
—
Mid-america Inv Co
—
Deed Of Trust
related
$6,099,035 · Bank Iowa
—
—
Mid-america Investment Co
—
Deed Of Trust
related
$9,700,000 · Bankers Trust Co
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 9100 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.
