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Property profile & analytics
OFF-MARKET
Retail space
1016 University Ave Des Moines, IA 50314-2375
Entity Owned
2-yr Hold
Free & Clear
Property ID
US25-2587500
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1967
Construction
STEEL FRAME
Total area
4,463 SF
Lot
0.16 ac (7,164 SF)
Zoning code
C-2
APN
030/01530-001-000
UPID
US25-2587500
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
-
11th Street Fashion Clothing Store
-
Najah grocery & Deli Grocery & Convenience Store Food Market
-
SinSational Stylzs Hair Salon Nail Salon
-
African Drip Clothing Store
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
Sundus Fashion And Decor LLC · 2 yrs held
Sundus Fashion And Decor LLC
since 2023
Last sale
$170,000
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
$3,110
Tax year 2020
Assessed value
$148,000
Assessed 2023
Previous assessed
$148,000
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$34,100
Assessed improvement
$113,900
Land market value
$34,100
Improvement market value
$113,900
Total market value
$148,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1967
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
4,463 SF
Lot
0.16 ac (7,164 SF)
Zoning code
C-2
APN
030/01530-001-000
UPID
US25-2587500
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
1967
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Sundus Fashion And Decor LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1016 UNIVERSITY AVE, DES MOINES, IA 50314-2375
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Oct 23, 2023
$170,000
Sundus Fashion And Decor LLC
Ibrahim Nasra
Warranty Deed
—
Mar 2, 2021
—
Mo I Osman
Ibrahim Nasra
Re-recorded Document
related
—
Feb 24, 2021
—
I Osman
Nasra Ibrahim
Quit Claim Deed
related
—
Feb 18, 2021
$145,000
Nasra Ibrahim
Frank E Weinstein
Warranty Deed
—
Mar 7, 2013
$145,000
Nasra Ibrahim
Weinstein,frank E
Dual Purpose Document
$115,000 · Frank E Weinstein
Sep 14, 2011
—
Frank E Weinstein
—
Trustees Deed
related
$100,000 · Collins Community Cu
Mar 16, 2007
—
Frank E Weinstein
Contract Exchange Corp
Warranty Deed
—
Feb 22, 2007
$188,000
Melvin Bryson
Contract Exchange Corp
Grant Deed
—
Feb 8, 2007
$80,000
Contract Exchange Corp
Bryson,melvin & Tina
Warranty Deed
—
May 16, 2005
$85,000
Melvin Bryson
Morton,nathaniel
Warranty Deed
—
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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