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Property profile & analytics
OFF-MARKET
Strip malls
1534 Grand Ave Des Moines, IA 50316-3517
Entity Owned
10-yr Hold
Free & Clear
Property ID
US25-2520647
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1990
Construction
FRAME
Total area
939 SF
Lot
0.52 ac (22,500 SF)
Zoning code
NPC
APN
040/05172-002-000
UPID
US25-2520647
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
-
Panadería La Mona Bakery Specialty Food Shop
-
BABA'S Vape N Smoke (Bike/Boat/Book/etc) Store
-
Metro by T-Mobile Mobile Phone Store Electronics & Wireless Store
-
Rolling Wok Cafe Restaurant
-
Priscilla's Salon Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
East Grand Property LLC · 10 yrs held
East Grand Property LLC
since 2015
6 recorded transactions
Zoning & alternative use
NPC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,058
Tax year 2020
Assessed value
$558,000
Assessed 2023
Previous assessed
$558,000
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$119,000
Assessed improvement
$439,000
Land market value
$119,000
Improvement market value
$439,000
Total market value
$558,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
CENTRAL
Buildings
2
Stories
1
Total area
939 SF
Lot
0.52 ac (22,500 SF)
Zoning code
NPC
APN
040/05172-002-000
UPID
US25-2520647
Jurisdiction
POLK
Zoning & alternative use
NPC · Des Moines, IA
Zoning NPC · permitted uses
NPC · 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.
Building & site characteristics
From public records
Year built
1990
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
East Grand Property LLC
Entity
Free & Clear · 10 yrs held
Mailing address
3737 WOODLAND AVE STE #100, WEST DES MOINES, IA 50266-1937
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 2, 2015
$271,000
East Grand Property LLC
1534 E Grand LLC
Warranty Deed
—
Aug 13, 2014
—
1534 E Grand LLC
—
Grant Deed
related
$1,870,000 · Visionbank Of Ia
Jan 22, 2014
—
1534 E Grand LLC
Neighborhood Dev Corp
Quit Claim Deed
related
—
Aug 12, 2010
—
East Grand Developers LP
—
Deed Of Trust
related
$1,150,000 · Community State Bank
Oct 14, 2009
—
East Grand Developers
—
Deed Of Trust
related
$1,157,785 · Bank Of The West
Aug 4, 2004
$600,000
East Grand Developers
Spanish Corp
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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