Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,880,000
Commercial real estate
107 6th St Des Moines, IA 50309
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2576559
Property summary
AI-generated overview
This exceptional 1.05-acre commercial land parcel is strategically located at 107 E 6th St in Des Moines, Iowa, within Polk County, zip code 50315. The property presents a unique development opportunity situated at a key market district entrance. Its size and location offer significant potential for a variety of commercial projects. The site benefits from the availability of city incentives designed to encourage dense development, making it an attractive proposition for investors seeking to capitalize on Des Moines's growth. Furthermore, the property is slated for completion of a Qualified Census Tract (QCT) designation in 2024, which may unlock additional development opportunities and incentives. This prime location offers excellent visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving urban area. The coordinates for this property are 41.58653734709823 latitude and -93.60864065181912 longitude. Serious inquiries are encouraged to explore the full potential of this remarkable development opportunity. This is a rare chance to acquire a significant land parcel in a rapidly developing area of Des Moines.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
FRAME
Total area
2,064 SF
Lot
0.54 ac (23,450 SF)
Zoning code
M-1
APN
040/01059-001-000
UPID
US25-2576559
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
$4.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.88M
Owner & transaction history
Vgm Group INC · 4 yrs held
Vgm Group INC
since 2022
Last sale
$5.4M
7 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
Method
Estimation
Statistic approach
$4,880,000
ML approach
$4,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.88M
Range $4.39M – $5.37M · ±10% · vs last sale $5.40M (Apr 11 2022)
Last sale anchor
$5.40M
Apr 11 2022
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
$2,364 / 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
$3,756
Tax year 2020
Assessed value
$281,000
Assessed 2023
Previous assessed
$281,000
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$281,000
Land market value
$281,000
Total market value
$281,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
CENTRAL
Stories
1
Total area
2,064 SF
Lot
0.54 ac (23,450 SF)
Zoning code
M-1
APN
040/01059-001-000
UPID
US25-2576559
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IAZoning 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
Building & site characteristics
From public records
Year built
1960
Construction
FRAME
Heating
CENTRAL
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Vgm Group INC
Entity
Mailing address
1111 W SAN MARNAN DR, WATERLOO, IA 50701-9007
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2022
$5,400,000
Vgm Group INC
Woodward Communication INC
Warranty Deed
$4,320,000 · Fifth Third Bank NA
Dec 13, 2013
$135,000
Woodward Communications INC
St Investments LLC
Warranty Deed
—
Dec 14, 2006
$150,000
Dev St. Howard
Riekes Material Handling
Warranty Deed
$595,000 · First American Bank
May 1, 2006
$100,000
Riekes Material Handling Co
East Village Dev LLC
Warranty Deed
$250,000 · First American Bank
Apr 15, 2005
$45,500
East Village Auto LLC
Hamms Des Moines Co INC
Warranty Deed
$41,403 · Bank Iowa
—
—
St Investments LLC
—
Deed Of Trust
related
$385,000 · Great Western Bank
—
—
Stinvestments LLC
—
Deed Of Trust
related
$249,909 · Great Western 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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 107 6th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
