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Property profile & analytics
FOR SALE
Investment properties
101 Sheridan Ave Des Moines, IA 50310
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0176547
For Sale
1 / 21
$1,450,000
101 Sheridan Ave, Des Moines, IA 50310
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2011
Construction
FRAME
Total area
4,476 SF
Lot
0.32 ac (14,016 SF)
Zoning code
M-1
APN
070/05139-000-000
UPID
US25-0176547
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
Current use
Occupant on record · Public records
-
Core Contracting Associates Inc General Contractor
-
Connett Services HVAC Service General Contractor
-
Design Build Masters Roofing Company General Contractor
-
Platinum Drywall Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Connett Real Estate Holdings LLC · 2 yrs held
Connett Real Estate Holdings LLC
since 2024
6 recorded transactions
Zoning & alternative use
M-1 · Des Moines, 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 Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines 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
—
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
$4,822
Tax year 2020
Assessed value
$300,000
Assessed 2023
Previous assessed
$300,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$42,400
Assessed improvement
$257,600
Land market value
$42,400
Improvement market value
$257,600
Total market value
$300,000
Applied tax rate
1.0000
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
For Sale
Year built
2011
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
4,476 SF
Lot
0.32 ac (14,016 SF)
Zoning code
M-1
APN
070/05139-000-000
UPID
US25-0176547
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IA
Zoning M-1 · permitted uses
M-1 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2011
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
0.32 ac
Current owner
From public records · entity-resolved
Connett Real Estate Holdings LLC
Entity
Mailing address
11397 NE 23RD AVE, MITCHELLVILLE, IA 50169-9617
Ownership since
2024
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
May 13, 2026
—
Connett Real Estate Holdings L
—
Deed
related
$455,600 · Earlham Savings Bank
Feb 9, 2024
—
Connett Real Estate Holdings LLC
Roy Connett
Quitclaim Deed
related
—
Jan 6, 2021
$900,000
Donovan Industries LLC
Oxbow Properties LLC
Special Warranty Deed
$720,000 · Central State Bank
Nov 22, 2016
$195,000
Roy Connett
Toland Properties LLC
Warranty Deed
$146,250 · Earlham Svgs Bk
Dec 19, 2013
$142,500
Toland Properties LLC
Platinum Investment Props LLC
Warranty Deed
$114,000 · Mutual Of Omaha Bank
Jun 14, 2011
$99,500
Platinum Investment Properties LLC
Andy D Constantine
Warranty Deed
$80,000 · Community Business Lenders LLC
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?”
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