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Property profile & analytics
OFF-MARKET
Estimated value
$8,595,000
Investment properties
1333 Ohio St Des Moines, IA 50314-3421
Individually Owned
1-yr Hold
Free & Clear
Property ID
US25-0326987
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1996
Construction
STEEL FRAME
Total area
48,552 SF
Lot
1.25 ac (54,406 SF)
Zoning code
M-1
APN
080/00971-004-000
UPID
US25-0326987
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
-
Storey Kenworthy (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.65M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.60M
Owner & transaction history
State Of Iowa · 1 yrs held
State Of Iowa
since 2024
Last sale
$10.7M
3 recorded transactions
Zoning & alternative use
M-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.4M
+67.7%
Medical building
$8.1M
+62.1%
Restaurant
$7.5M
+50.3%
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%
$8,285,000
6.5%
$7,645,000
7%
$7,100,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,360,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$8,080,000
Change: +62% · Conversion: Easy
RESTAURANT
$7,495,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,150,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$5,640,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$8.60M
Range $7.74M – $9.45M · ±10% · vs last sale $10.65M (Oct 1 2024)
Last sale anchor
$10.65M
Oct 1 2024
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
$177 / 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
$90,562
Tax year 2020
Assessed value
$3,560,000
Assessed 2023
Previous assessed
$3,560,000
+0.0% YoY
Effective rate
2.54%
On assessed value
Assessed land
$86,300
Assessed improvement
$3,473,700
Land market value
$86,300
Improvement market value
$3,473,700
Total market value
$3,560,000
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Rooms
5
Bathrooms
3
Total area
48,552 SF
Lot
1.25 ac (54,406 SF)
Zoning code
M-1
APN
080/00971-004-000
UPID
US25-0326987
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$8.4M
MEDICAL BUILDING
Est. value
$8.1M
RESTAURANT
Est. value
$7.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.2M
RETAIL STORES
Est. value
$5.6M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
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
1996
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Rooms
5
Bathrooms
3
Lot
1.25 ac
Current owner
From public records · entity-resolved
State Of Iowa
Individual
Free & Clear · 1 yrs held
Mailing address
309 LOCUST ST, DES MOINES, IA 50309-1723
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2024
$10,650,000
State Of Iowa
Kok Real Estate LLC
Warranty Deed
—
Dec 21, 2023
—
K O K Real Estate LLC
—
Deed
related
$2,200,000 · West Bank
Sep 4, 2013
$1,450,000
Kok Real Estate LLC
Storey-kenworthy Co
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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