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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1208 20th Ct Des Moines, IA 50317-2506
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-2523392
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1991
Construction
FRAME
Total area
5,592 SF
Lot
0.43 ac (18,806 SF)
Zoning code
M-1
APN
110/00430-000-000
UPID
US25-2523392
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
-
Premium Quality Lighting Electrical Service General Contractor
-
Redbud Landscaping Landscaping General Contractor
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
Foursite Development LLC · 5 yrs held
Foursite Development LLC
since 2020
Last sale
$360,500
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
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
$5,236
Tax year 2020
Assessed value
$326,000
Assessed 2023
Previous assessed
$326,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$38,000
Assessed improvement
$288,000
Land market value
$38,000
Improvement market value
$288,000
Total market value
$326,000
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1991
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
2
Rooms
4
Bathrooms
1
Total area
5,592 SF
Lot
0.43 ac (18,806 SF)
Zoning code
M-1
APN
110/00430-000-000
UPID
US25-2523392
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IA
Zoning 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
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
CENTRAL
Stories
2
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
Foursite Development LLC
Entity
Mailing address
10888 HICKMAN RD STE 3B, CLIVE, IA 50325-3715
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2020
$360,500
Foursite Development LLC
1208 20th LLC
Warranty Deed
$291,169 · Farmers State Bank
Jan 24, 2011
$175,000
Budget Lighting INC
Tk Squared Investments LLC
Warranty Deed
—
Mar 26, 2008
$170,000
Tk Squared Investments LLC
Paul,earl W & Marla K
Warranty Deed
—
Sep 5, 2007
—
Earl W Paul
—
Trustees Deed
related
$100,000 · Iowa State Bank
—
—
Earl W Paul
—
Deed Of Trust
related
$23,052 · Iowa State Bank
—
—
Budget Lighting INC
—
Deed Of Trust
related
$196,744 · James Coykendall
—
—
Tk Squared Investments LLC
—
Deed Of Trust
related
$157,782 · Metabank
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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