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Property profile & analytics
OFF-MARKET
Investment properties
1032 9th St Des Moines, IA 50316-2910
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-2589302
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2004
Construction
FRAME
Total area
3,300 SF
Lot
0.08 ac (3,670 SF)
Zoning code
R1-60
APN
040/00987-000-000
UPID
US25-2589302
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dexter Warren LLC · 2 yrs held
Dexter Warren LLC
since 2023
Last sale
$128,500
7 recorded transactions
Zoning & alternative use
R1-60 · 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
$2,640
Tax year 2020
Assessed value
$80,900
Assessed 2023
Previous assessed
$80,900
+0.0% YoY
Effective rate
3.26%
On assessed value
Assessed land
$6,200
Assessed improvement
$74,700
Land market value
$6,200
Improvement market value
$74,700
Total market value
$80,900
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
Off-Market
Year built
2004
Construction
FRAME
Heating
CENTRAL
Buildings
4
Stories
2
Units
1
Rooms
8
Bathrooms
1
Total area
3,300 SF
Lot
0.08 ac (3,670 SF)
Zoning code
R1-60
APN
040/00987-000-000
UPID
US25-2589302
Jurisdiction
POLK
Zoning & alternative use
R1-60 · Des Moines, IA
Zoning R1-60 · permitted uses
R1-60 · 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
2004
Construction
FRAME
Heating
CENTRAL
Stories
2
Buildings
4
Units
1
Rooms
8
Bathrooms
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
Dexter Warren LLC
Entity
Mailing address
1102 E 9TH ST, DES MOINES, IA 50316-2912
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2023
$205,000
Dexter Warren LLC
Ranger51 LLC
Contract Sale
$205,000 · Not Available
Nov 18, 2019
$35,000
Ten13 Holding Co INC
Ranger51 LLC
Warranty Deed
—
Nov 16, 2017
—
Ranger51 LLC
Pederson,dennis
Quit Claim Deed
related
—
Sep 11, 2017
—
Whatkin Properties INC
Atkin,jerrad
Quit Claim Deed
related
$102,078 · Whatkin Properties INC
Jan 18, 2011
$110,000
Jarrad Atkin
Pederson,dennis
Grant Deed
—
Feb 23, 2009
$108,000
Palmroys INC
Pederson,dennis & Cheryl
Grant Deed
—
Aug 3, 2006
$110,000
David Palmer
Pederson,dennis & Cheryl
Grant Deed
—
—
—
Dennis A Pederson
—
Loan Modification
related
$102,078 · Whatkin Properties INC
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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