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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Investment properties
1601 6th Ave Des Moines, IA 50314-3302
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US25-2567907
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1888
Construction
FRAME
Total area
6,380 SF
Lot
0.09 ac (3,780 SF)
Zoning code
C-1
APN
080/05198-000-000
UPID
US25-2567907
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
-
North Des Moines Hall Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$393k
Blend (final)
Blend
$630k
Owner & transaction history
6th Avenue Corridor INC · 9 yrs held
6th Avenue Corridor INC
since 2016
4 recorded transactions
Zoning & alternative use
C-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$985,000
+50.3%
Apartment house (5+ units)
$940,000
+43.4%
Retail stores
$740,000
+13.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
RESTAURANT
$985,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$940,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$740,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$585,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±10%
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
$99 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$70,300
Assessed 2023
Previous assessed
$70,300
+0.0% YoY
Assessed land
$10,000
Assessed improvement
$60,300
Land market value
$10,000
Improvement market value
$60,300
Total market value
$70,300
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1888
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
12
Bathrooms
4
Total area
6,380 SF
Lot
0.09 ac (3,780 SF)
Zoning code
C-1
APN
080/05198-000-000
UPID
US25-2567907
Jurisdiction
POLK
Zoning & alternative use
C-1 · Des Moines, IA
Zoning C-1 · permitted uses
C-1 · 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) Current
Est. value
$655,000
RESTAURANT
Est. value
$985,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$940,000
RETAIL STORES
Est. value
$740,000
WAREHOUSE, STORAGE
Est. value
$585,000
COMMERCIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
1888
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
12
Bathrooms
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
6th Avenue Corridor INC
Entity
Mailing address
800 19TH ST STE #300, DES MOINES, IA 50314-1124
Ownership since
2016
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 21, 2025
—
Townhall Associates LP
—
Deed
related
$400,000 · Polk County Iowa
Jul 18, 2025
—
Townhall Associates LP
—
Deed
related
$750,000 · City Of Des Moines, Iowa
Nov 3, 2016
$95,000
6th Avenue Corridor INC
Dhugga,anchulee
Warranty Deed
$100,000 · Bankers Tr
Feb 12, 2009
—
Anchulee Dhugga
—
Trustees Deed
related
$68,000 · West 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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