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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Retail space
9999 University Ave, Clive, IA 50325-6468
Entity Owned
Free & Clear
Property ID
US25-2529025
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2004
Construction
STEEL FRAME
Total area
33,122 SF
Lot
3.92 ac (170,668 SF)
Zoning code
C-4
APN
291/00775-450-001
UPID
US25-2529025
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
$2.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.51M
Blend (final)
Blend
$2.06M
Owner & transaction history
Ipe1031 Rev565 LLC
Ipe1031 Rev565 LLC
since 2025
Last sale
$2.1M
7 recorded transactions
Zoning & alternative use
C-4 · Clive, 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 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
$2,015,000
ML approach
$2,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10% · vs last sale $2.10M (Jun 25 2021)
Last sale anchor
$2.10M
Jun 25 2021
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
$62 / 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
$66,992
Tax year 2020
Assessed value
$2,740,000
Assessed 2023
Previous assessed
$2,740,000
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$1,680,000
Assessed improvement
$1,060,000
Land market value
$1,680,000
Improvement market value
$1,060,000
Total market value
$2,740,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
33,122 SF
Lot
3.92 ac (170,668 SF)
Zoning code
C-4
APN
291/00775-450-001
UPID
US25-2529025
Jurisdiction
POLK
Zoning & alternative use
C-4 · Clive, IA
Zoning C-4 · permitted uses
C-4 · 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.
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
3.92 ac
Current owner
From public records · entity-resolved
Ipe1031 Rev565 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4350 WESTOWN PKWY STE #100, WEST DES MOINES, IA 50266-1062
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2026
—
I H W O P LLC
—
Deed
related
$2,936,452 · West Bank
Dec 2, 2025
—
Ipe1031 Rev565 LLC
Ihwop LLC
Quitclaim Deed
related
—
Jun 25, 2021
$2,100,000
I H W O P LLC
Kc Holdings Xi LLC
Warranty Deed
$2,700,000 · West Bank
Apr 1, 2015
—
Valley Court Dev LLC
Chewbacca LLC
Warranty Deed
related
—
Dec 17, 2014
$770,000
Chewbacca LLC
P & P Real Estate LLC
Warranty Deed
—
Dec 1, 2008
—
Kc Holdings Xi LLC
—
Trustees Deed
related
$1,000,000 · Bankers Tr
Jun 11, 2008
$2,703,000
P & P Real Estate LLC
Kc Holdings Xi LLC
Warranty Deed
—
Aug 27, 2004
$3,975,000
Kc Holdings Xi LLC
Foods INC
Warranty Deed
related
—
Aug 27, 2004
$555,000
Kc Holdings Xi LLC
Foods INC
Warranty Deed
related
$7,400,000 · Valley Bk
—
—
Kc Holdings Xi LLC
—
Deed Of Trust
related
$4,680,000 · Community Busn Lndrs
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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