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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Industrial properties
1300 Army Post Rd Des Moines, IA 50315-5545
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0489500
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1948
Construction
STEEL FRAME
Total area
11,220 SF
Lot
1.14 ac (49,780 SF)
Zoning code
C-2
APN
120/00902-003-000
UPID
US25-0489500
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
-
Mattress by Appointment Des Moines IA Furniture & Home Goods
-
Southridge Square Shopping Center & Mall
-
New Asian Grocery (Bike/Boat/Book/etc) Store Grocery & Convenience Store
-
Famous Footwear Clothing & Fashion Store (Bike/Boat/Book/etc) Store
-
APEX Architectural Building Supply Building Supply Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$410k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
$453k
Blend (final)
Blend
$560k
Owner & transaction history
Pyramid Investments LLC · 11 yrs held
Pyramid Investments LLC
since 2014
5 recorded transactions
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$895,000
+10.2%
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
$410,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$710,000
7%
$655,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$815,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$895,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$560k
Range $504k – $616k · ±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
$50 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$19,378
Tax year 2023
Assessed value
$580,000
Assessed 2024
Previous assessed
$580,000
+0.0% YoY
Effective rate
3.34%
On assessed value
Assessed land
$265,000
Assessed improvement
$315,000
Land market value
$265,000
Improvement market value
$315,000
Total market value
$580,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1948
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
11,220 SF
Lot
1.14 ac (49,780 SF)
Zoning code
C-2
APN
120/00902-003-000
UPID
US25-0489500
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IAZoning C-2 · permitted uses
C-2 · Des Moines, IA
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
INDUSTRIAL (GENERAL) Current
Est. value
$815,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$895,000
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
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
1948
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Pyramid Investments LLC
Entity
Mailing address
1300 ARMY POST RD, DES MOINES, IA 50315-5545
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Dec 5, 2014
$305,000
Pyramid Investments LLC
Ms Venture Properties LLC
Warranty Deed
$305,000 · Freedom Financial Bank
Apr 28, 2010
$349,500
Ms Venture Properties LLC
Barbara J Lossner
Warranty Deed
$280,000 · Great Western Bank
Dec 1, 2009
$32,500
Mccool,richard & Tracie
Lossner,barbara J
Warranty Deed
—
Oct 20, 2009
—
Lossner,barbara J
Lossner,robert O
Affidavit Of Death
related
—
—
—
Lossner,barbara J
—
Loan Modification
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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