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Property profile & analytics
OFF-MARKET
Data centers and call centers
1551 66th Ave Des Moines, IA 50313-1236
Entity Owned
5-yr Hold
Free & Clear
Property ID
US25-0422378
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1983
Construction
FRAME
Total area
2,640 SF
Lot
0.8 ac (34,800 SF)
Zoning code
LI
APN
270/01081-052-001
UPID
US25-0422378
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
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
Cumulus Media Tower Co LLC · 5 yrs held
Cumulus Media Tower Co LLC
since 2020
Last sale
$301,000
4 recorded transactions
Zoning & alternative use
LI · 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
$3,196
Tax year 2020
Assessed value
$235,000
Assessed 2023
Previous assessed
$235,000
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$57,700
Assessed improvement
$177,300
Land market value
$57,700
Improvement market value
$177,300
Total market value
$235,000
Applied tax rate
8.0000
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
3
Total area
2,640 SF
Lot
0.8 ac (34,800 SF)
Zoning code
LI
APN
270/01081-052-001
UPID
US25-0422378
Jurisdiction
POLK
Zoning & alternative use
LI · Des Moines, IA
Zoning LI · permitted uses
LI · 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
1983
Construction
FRAME
Heating
YES
Stories
1
Buildings
1
Rooms
6
Bathrooms
3
Lot
0.8 ac
Current owner
From public records · entity-resolved
Cumulus Media Tower Co LLC
Entity
Free & Clear · 5 yrs held
Mailing address
750 PARK OF COMMERCE DR, BOCA RATON, FL 33487-3650
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2020
$44,000
Cumulus Media Tower Co LLC
Cumulus Radio LLC
Grant Deed
—
Oct 28, 2020
—
Vb Nimbus LLC
—
Deed
related
$189,210 · Wilmington Tr
Dec 8, 2004
$301,000
Citadel Broadcasting Co
Wilks Broadcasting LLC
Grant Deed
—
—
—
Vb Nimbus LLC
—
Deed Of Trust
related
$189,210 · Wilmington Tr
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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