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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Day care centers
1408 Ct Ave Des Moines, IA 50316-3930
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0454527
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2003
Construction
STEEL FRAME
Total area
10,348 SF
Lot
0.5 ac (21,573 SF)
Zoning code
C-2
APN
040/03298-001-000
UPID
US25-0454527
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
-
All Star Daycare And Preschool Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.22M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
All Star Daycare INC · 4 yrs held
All Star Daycare INC
since 2022
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
C-2 · 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
$1,220,000
ML approach
$1,220,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$1,975,000
Current use
AUTO REPAIR, GARAGE
$1,780,000
Change: -10% · Conversion: Difficult
MEDICAL BUILDING
$1,720,000
Change: -13% · Conversion: Difficult
RESTAURANT
$1,595,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.35M (Jun 28 2022)
Last sale anchor
$1.35M
Jun 28 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
$124 / 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
$45,952
Tax year 2020
Assessed value
$1,370,000
Assessed 2023
Previous assessed
$1,370,000
+0.0% YoY
Effective rate
3.35%
On assessed value
Assessed land
$183,000
Assessed improvement
$1,187,000
Land market value
$183,000
Improvement market value
$1,187,000
Total market value
$1,370,000
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
REFRIGERATOR
Buildings
1
Stories
2
Total area
10,348 SF
Lot
0.5 ac (21,573 SF)
Zoning code
C-2
APN
040/03298-001-000
UPID
US25-0454527
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IA
Zoning 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
Des Moines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
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
2003
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Lot
0.5 ac
Current owner
From public records · entity-resolved
All Star Daycare INC
Entity
Mailing address
2 HARTFORD AVE STE #200, DES MOINES, IA 50315-7112
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 7, 2022
—
All Star Daycare INC
—
Deed
related
$599,000 · Iowa Business Growth Company
Jun 28, 2022
$1,350,000
All Star Daycare INC
Court Avenue Child Care LLC
Warranty Deed
$1,215,000 · City State Bank
May 27, 2020
—
Court Ave Child Care LLC
—
Deed
related
$1,660,000 · South Story Bk&tr
—
—
Court Avenue Child Care LLC
—
Deed Of Trust
related
$1,391,538 · Bank Of The West
—
—
Court Avenue Child Care LLC
—
Deed Of Trust
related
$1,880,000 · Visionbank Of Iowa
—
—
Court Ave Child Care LLC
—
Deed Of Trust
related
$1,660,000 · South Story Bk&tr
—
—
Court Avenue Child Care LLC
—
Deed Of Trust
related
$1,000,000 · Two Rivers Bank & Trust
—
—
Court Avenue Child Care LLC
—
Deed Of Trust
related
$400,000 · Bank Of The West
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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