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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Retail space
1500 Army Post Rd Des Moines, IA 50320-1810
Entity Owned
3-yr Hold
Free & Clear
Property ID
US25-2560865
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Construction
STEEL FRAME
Total area
10,640 SF
Lot
2.71 ac (118,048 SF)
Zoning code
C-2
APN
120/07186-002-000
UPID
US25-2560865
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
-
Iowa Motorcycle Dealers Association Association / Organization Service Establishment
-
New 2 U Treasures (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$750k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$632k
Blend (final)
Blend
$715k
Owner & transaction history
Riren LLC · 3 yrs held
Riren LLC
since 2023
Last sale
$700,000
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
$795,000
ML approach
$750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,095,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $700k (Jun 22 2023)
Last sale anchor
$700k
Jun 22 2023
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
$67 / 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
$18,288
Tax year 2020
Assessed value
$637,000
Assessed 2023
Previous assessed
$637,000
+0.0% YoY
Effective rate
2.87%
On assessed value
Assessed land
$320,000
Assessed improvement
$317,000
Land market value
$320,000
Improvement market value
$317,000
Total market value
$637,000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
10,640 SF
Lot
2.71 ac (118,048 SF)
Zoning code
C-2
APN
120/07186-002-000
UPID
US25-2560865
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
COMMERCIAL (GENERAL)
Est. value
$1.1M
COMMERCIAL (GENERAL)
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
2014
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Riren LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4730 MERLE HAY RD, URBANDALE, IA 50322-1963
Ownership since
2023
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
Jun 22, 2023
$700,000
Riren LLC
Van Houweling Property LLC
Warranty Deed
—
Aug 24, 2018
$455,000
Van Houweling Property LLC
K2d Investments LLC
Warranty Deed
$364,000 · Raccoon Valley Bank
Dec 31, 2015
—
K2d Investments LLC
—
Trustees Deed
related
$100,000 · Rmd Real Estate LLC
Jun 9, 2014
$400,000
K2d Investments LLC
Army Post Investments LLC
Warranty Deed
$280,000 · American Trust & Savings Bank
Mar 11, 2005
$750,000
Terra 7 LLC
Army Post Investments LLC
Grant Deed
—
—
—
K2d Investments LLC
—
Deed Of Trust
related
$232,000 · Private Individual
—
—
K2d Investments LLC
—
Deed Of Trust
related
$280,000 · American Tr & Svgs Bk
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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