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Property profile & analytics
OFF-MARKET
Estimated value
$8,970,000
Investment properties
111 Grand Ave Des Moines, IA 50309-1884
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2374495
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2018
Construction
FRAME
Total area
66,824 SF
Lot
0.44 ac (18,987 SF)
APN
040/01761-020-000
UPID
US25-2374495
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
-
Clyde's Fine Diner Restaurant
-
Liz Lidgett Gallery and Design Art Gallery
-
West Financial Advisors Financial Advisor
-
Zavy Kitchen Restaurant
-
Transcendental Meditation Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.53M
Comparable Approach
Comparable
$8.16M
Blend (final)
Blend
$8.97M
Owner & transaction history
200 E Grand LLC · 5 yrs held
200 E Grand LLC
since 2020
1 recorded transaction
Zoning & alternative use
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,400,000
6.5%
$10,525,000
7%
$9,775,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$11,795,000
Current use
AUTO REPAIR, GARAGE
$11,505,000
Change: -2% · Conversion: Difficult
MEDICAL BUILDING
$11,120,000
Change: -6% · Conversion: Easy
RESTAURANT
$10,315,000
Change: -13% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,840,000
Change: -17% · Conversion: Moderate
Blend value · Realmo final
$8.97M
Range $8.07M – $9.87M · ±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
$134 / 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
$316,066
Tax year 2020
Assessed value
$8,920,000
Assessed 2023
Previous assessed
$8,920,000
+0.0% YoY
Effective rate
3.54%
On assessed value
Assessed land
$940,000
Assessed improvement
$7,980,000
Land market value
$940,000
Improvement market value
$7,980,000
Total market value
$8,920,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
NONE
Buildings
1
Stories
4
Total area
66,824 SF
Lot
0.44 ac (18,987 SF)
APN
040/01761-020-000
UPID
US25-2374495
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$11.5M
MEDICAL BUILDING
Est. value
$11.1M
RESTAURANT
Est. value
$10.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.8M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
NONE
Stories
4
Buildings
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
200 E Grand LLC
Entity
Free & Clear · 5 yrs held
Mailing address
533 S 3RD ST STE #100, MINNEAPOLIS, MN 55415-7521
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 6, 2020
$14,100,000
200 E Grand LLC
East Grand Office Pk
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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