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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Grocery and convenience stores
105 Grand Ave, West Des Moines, IA 50265-3711
Entity Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1333185
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2012
Construction
FRAME
Total area
4,338 SF
Lot
1.3 ac (56,541 SF)
Zoning code
CMC
APN
320/02966-005-001
UPID
US25-1333185
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
-
Casey's Take-out & Catering
-
CDReload - Online Bitcoin ATM Money Transfer Service Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$850k
Comparable Approach
Comparable
$1.22M
Blend (final)
Blend
$1.18M
Owner & transaction history
City Of W Des Moines · 13 yrs held
City Of W Des Moines
since 2012
5 recorded transactions
Zoning & alternative use
CMC · West 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 West Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$920,000
6.5%
$850,000
7%
$790,000
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±10%
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
$272 / 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
$48,868
Tax year 2020
Assessed value
$2,126,300
Assessed 2023
Previous assessed
$2,126,300
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$798,900
Assessed improvement
$1,327,400
Land market value
$798,900
Improvement market value
$1,327,400
Total market value
$2,126,300
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
4,338 SF
Lot
1.3 ac (56,541 SF)
Zoning code
CMC
APN
320/02966-005-001
UPID
US25-1333185
Jurisdiction
POLK
Zoning & alternative use
CMC · West Des Moines, IA
Zoning CMC · permitted uses
CMC · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
City Of W Des Moines
Entity
Free & Clear · 13 yrs held
Mailing address
5000 WESTOWN PKWY STE #400, WEST DES MOINES, IA 50266-5921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2012
—
William C Knapp Village Green
—
Trustees Deed
related
$1,080,000 · Iowa St Bk
Sep 21, 2012
—
City Of W Des Moines
William C Knapp Village Green
Warranty Deed
related
—
Apr 24, 2012
—
William C Knapp Village Green
William C Knapp Lc
Quit Claim Deed
related
—
Apr 11, 2006
—
William C Knapp Lc
—
Trustees Deed
related
$387,566 · Bank Of America/il
Apr 11, 2005
—
William C Knapp Lc
Knapp William C Trust
Quit Claim Deed
related
—
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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