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Property profile & analytics
OFF-MARKET
Drive through restaurants
1014 14th St Des Moines, IA 50316-3450
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US25-2586106
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2007
Construction
FRAME
Total area
1,920 SF
Lot
0.25 ac (10,800 SF)
Zoning code
C-2
APN
040/04732-001-000
UPID
US25-2586106
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
-
Teriyaki House Japanese Grill Restaurant
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
1375 E 12 Property LLC · 10 yrs held
1375 E 12 Property LLC
since 2015
7 recorded transactions
Zoning & alternative use
C-2 · 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
$4,174
Tax year 2020
Assessed value
$198,000
Assessed 2023
Previous assessed
$198,000
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$69,600
Assessed improvement
$128,400
Land market value
$69,600
Improvement market value
$128,400
Total market value
$198,000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
2
Total area
1,920 SF
Lot
0.25 ac (10,800 SF)
Zoning code
C-2
APN
040/04732-001-000
UPID
US25-2586106
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IA
Zoning C-2 · permitted uses
C-2 · 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
2007
Construction
FRAME
Heating
CENTRAL
Stories
2
Buildings
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
1375 E 12 Property LLC
Entity
Mailing address
7881 BEECHTREE LN, WEST DES MOINES, IA 50266-8673
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
—
Lin Properties LLC
—
Deed
related
$83,000 · South Story Bank & Trust
Dec 2, 2015
—
1375 E 12 Property LLC
Lin Investments LLC
Quit Claim Deed
related
—
Sep 4, 2015
—
Michelle Min
Oh,hwan I
Quit Claim Deed
related
—
Sep 4, 2015
$230,000
Lin Investments LLC
Min,michelle & Joseph
Dual Purpose Document
related
$180,000 · Michelle & Joseph Min
May 1, 2012
$159,000
Julie A White
Elm Trust
Warranty Deed
—
Apr 25, 2012
$160,000
Michelle Min
White,julie A
Grant Deed
$112,655 · West Bank
Sep 25, 2007
$159,000
Julie A White
Elm Trust
Grant Deed
—
May 30, 2007
$75,000
Elm Trust
Mcgovern,joy
Warranty Deed
—
—
—
Elm Trust
—
Deed Of Trust
related
$75,000 · Freedom Financial Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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