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Property profile & analytics
OFF-MARKET
Estimated value
$1,115,000
Strip malls
9735 University Ave, Clive, IA 50325
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US25-0384789
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2013
Construction
FRAME
Total area
12,236 SF
Lot
2.79 ac (121,532 SF)
Zoning code
C-1
APN
291/00369-253-001
UPID
US25-0384789
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
$1.43M
Blend (final)
Blend
$1.12M
Owner & transaction history
Mdm Equity-2013 LLC · 12 yrs held
Mdm Equity-2013 LLC
since 2013
6 recorded transactions
Zoning & alternative use
C-1 · Clive, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.8M
+84.1%
Retail stores
$1.4M
+45.2%
Warehouse, storage
$1.1M
+14.9%
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 Clive submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Clive 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$980,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,800,000
Change: +84% · Conversion: Difficult
RETAIL STORES
$1,420,000
Change: +45% · Conversion: Easy
WAREHOUSE, STORAGE
$1,125,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,015,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.00M – $1.23M · ±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
$91 / 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
$105,280
Tax year 2020
Assessed value
$3,700,000
Assessed 2023
Previous assessed
$3,700,000
+0.0% YoY
Effective rate
2.85%
On assessed value
Assessed land
$2,660,000
Assessed improvement
$1,040,000
Land market value
$2,660,000
Improvement market value
$1,040,000
Total market value
$3,700,000
Applied tax rate
20.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
1
Rooms
4
Bathrooms
2
Total area
12,236 SF
Lot
2.79 ac (121,532 SF)
Zoning code
C-1
APN
291/00369-253-001
UPID
US25-0384789
Jurisdiction
POLK
Zoning & alternative use
C-1 · Clive, IA
Zoning C-1 · permitted uses
C-1 · Clive, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Clive. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$980,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
RETAIL STORES
Est. value
$1.4M
WAREHOUSE, STORAGE
Est. value
$1.1M
COMMERCIAL (GENERAL)
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2013
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Rooms
4
Bathrooms
2
Lot
2.79 ac
Current owner
From public records · entity-resolved
Mdm Equity-2013 LLC
Entity
Mailing address
5000 WESTOWN PKWY STE #400, WEST DES MOINES, IA 50266-5921
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2021
—
Mdm Equity 2013 LLC
—
Deed
related
$2,191,622 · Community Business Lenders Services Co
Apr 12, 2018
—
Mdm Equity 2013 LLC
—
Deed
related
$2,331,000 · Community Busn Lndr Svc
Dec 27, 2013
$3,458,000
Mdm Equity-2013 LLC
Hurd Clive LLC
Warranty Deed
$2,594,000 · Great Western Bank
Dec 27, 2012
$2,005,000
Hurd Clive LLC
Hubbell Realty Co
Warranty Deed
$1,800,000 · Bankers Trust Co
—
—
Mdm Equity-2013 LLC
—
Deed Of Trust
related
$2,594,000 · Great Western Bank
—
—
Mdm Equity 2013 LLC
—
Deed Of Trust
related
$2,331,000 · Community Busn Lndr Svc
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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