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Property profile & analytics
FOR LEASE
Medical Office Space
1530 East Euclid Ave Des Moines, IA 50313
Individually Owned
4-yr Hold
Free & Clear
Property ID
US25-0184404
For Lease
1 / 8
$15 SF/Yr
1530 East Euclid Ave, Des Moines, IA 50313
View Listing →
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2000
Construction
FRAME
Total area
9,608 SF
Lot
1.07 ac (46,783 SF)
Zoning code
PUD
APN
110/00554-034-004
UPID
US25-0184404
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
-
Carelon Health Care Center Medical Clinic
-
Kenneth Moon, MD Pediatrician Physician
-
Madson Brandon E MD Pediatrician Physician
-
Larissa Biscoe Physician
-
Joshua Tessier Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
$1.72M
Comparable Approach
Comparable
$1.72M
Blend (final)
Blend
$1.59M
Owner & transaction history
Mac Roddy · 4 yrs held
Mac Roddy
since 2021
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
PUD · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+3.5%
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
$1,695,000
ML approach
$1,510,000
CAP Approach
CAP Return
Estimation
6%
$1,855,000
6.5%
$1,715,000
7%
$1,590,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,600,000
Current use
AUTO REPAIR, GARAGE
$1,655,000
Change: +3% · Conversion: Difficult
RESTAURANT
$1,485,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,415,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.59M
Range $1.43M – $1.75M · ±10% · vs last sale $1.45M (Oct 5 2021)
Last sale anchor
$1.45M
Oct 5 2021
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
$165 / 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
$34,174
Tax year 2020
Assessed value
$1,535,600
Assessed 2023
Previous assessed
$1,535,600
+0.0% YoY
Effective rate
2.23%
On assessed value
Assessed land
$591,000
Assessed improvement
$944,600
Land market value
$591,000
Improvement market value
$944,600
Total market value
$1,535,600
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2000
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
9,608 SF
Lot
1.07 ac (46,783 SF)
Zoning code
PUD
APN
110/00554-034-004
UPID
US25-0184404
Jurisdiction
POLK
Zoning & alternative use
PUD · Des Moines, IA
Zoning PUD · permitted uses
PUD · 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
MEDICAL BUILDING Current
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RESTAURANT
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Mac Roddy
Individual
Free & Clear · 4 yrs held
Mailing address
1277 ADVANCE RD, WEATHERFORD, TX 76088-1261
Ownership since
2021
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
Oct 5, 2021
$1,450,000
Mac Roddy
Golden Diamond Ct LLC
Special Warranty Deed
—
Aug 19, 2016
$828,000
Golden Diamond Ct LLC
Financial Way Realty INC
Warranty Deed
$534,008 · Us Bank NA
Mar 8, 2013
$980,000
Financial Way Realty INC
Sheriff Of Polk County
Trustees Deed
related
—
—
—
Ladco Properties IV LLC
—
Deed Of Trust
related
$1,300,000 · Ohio National Life Ins Co
—
—
Ladco Properties IV LLC
—
Deed Of Trust
related
$1,600,000 · Freedom Financial Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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