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Property profile & analytics
OFF-MARKET
Estimated value
$1,650,000
Apartment buildings
955 Sherrylynn Blvd Pleasant Hill, IA 50327-8414
Individually Owned
21-yr Hold
Property ID
US25-0445462
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2005
Construction
FRAME
Total area
24,780 SF
Lot
2.8 ac (122,055 SF)
Zoning code
C-2
APN
221/00208-203-000
UPID
US25-0445462
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.65M
Owner & transaction history
Canterbury II · 21 yrs held
Canterbury II
since 2005
3 recorded transactions
Zoning & alternative use
C-2 · Pleasant Hill, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Pleasant Hill submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pleasant Hill 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$67 / 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
$60,048
Tax year 2020
Assessed value
$1,601,500
Assessed 2023
Previous assessed
$1,601,500
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$646,000
Assessed improvement
$955,500
Land market value
$646,000
Improvement market value
$955,500
Total market value
$1,601,500
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
HOT WATER
Buildings
3
Stories
3
Units
24
Total area
24,780 SF
Lot
2.8 ac (122,055 SF)
Zoning code
C-2
APN
221/00208-203-000
UPID
US25-0445462
Jurisdiction
POLK
Zoning & alternative use
C-2 · Pleasant Hill, IA
Zoning C-2 · permitted uses
C-2 · Pleasant Hill, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Pleasant Hill. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2005
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
3
Units
24
Lot
2.8 ac
Current owner
From public records · entity-resolved
Canterbury II
Individual
Mailing address
3721 SW 61ST ST STE A, DES MOINES, IA 50321-2418
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 15, 2005
$189,000
Canterbury II
Canterbury Equities LLC
Grant Deed
$2,500,000 · West Bank
Aug 19, 2004
$180,000
Canterbury Equities LLC
Mcdonalds Corp
Grant Deed
related
$180,000 · Commercial Federal Bank
—
—
Canterbury II
—
Deed Of Trust
related
$1,400,000 · Mma Mortgage Investment Corp
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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