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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Investment properties
1725 University Ave, Des Moines, IA 50316-2661
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0356199
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Construction
FRAME
Total area
5,544 SF
Lot
0.45 ac (19,800 SF)
Zoning code
C-1
APN
110/05971-000-000
UPID
US25-0356199
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
-
AON Studios LLC Film Production Television Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$584k
Blend (final)
Blend
$585k
Owner & transaction history
Aon Studios LLC · 6 yrs held
Aon Studios LLC
since 2020
6 recorded transactions
Zoning & alternative use
C-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$955,000
+67.7%
Medical building
$925,000
+62.1%
Restaurant
$855,000
+50.3%
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)
$570,000
Current use
AUTO REPAIR, GARAGE
$955,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: +62% · Conversion: Easy
RESTAURANT
$855,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$815,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$645,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$510,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±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
$106 / 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
$1,766
Tax year 2020
Assessed value
$556,000
Assessed 2023
Previous assessed
$556,000
+0.0% YoY
Effective rate
0.32%
On assessed value
Assessed land
$49,500
Assessed improvement
$506,500
Land market value
$49,500
Improvement market value
$506,500
Total market value
$556,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2020
Construction
FRAME
Heating
YES
Buildings
1
Stories
1
Rooms
7
Bathrooms
2
Total area
5,544 SF
Lot
0.45 ac (19,800 SF)
Zoning code
C-1
APN
110/05971-000-000
UPID
US25-0356199
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
$570,000
AUTO REPAIR, GARAGE
Est. value
$955,000
MEDICAL BUILDING
Est. value
$925,000
RESTAURANT
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$815,000
RETAIL STORES
Est. value
$645,000
WAREHOUSE, STORAGE
Est. value
$510,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2020
Construction
FRAME
Heating
YES
Stories
1
Buildings
1
Rooms
7
Bathrooms
2
Lot
0.45 ac
Current owner
From public records · entity-resolved
Aon Studios LLC
Entity
Mailing address
1725 E UNIVERSITY AVE, DES MOINES, IA 50316-2661
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 4, 2022
—
Aon Studios LLC
—
Deed
related
$392,000 · Western Capital LLC
Mar 30, 2021
—
Aon Studios LLC
—
Deed
related
$525,000 · Great Western Bank
Jul 9, 2020
—
Aon Studios LLC
—
Deed
related
$160,000 · Gelt Financial LLC
Jun 29, 2020
—
Aon Studios LLC
Dwight Reed
Quit Claim Deed
related
—
Jun 5, 2019
—
Christ Apostolic Temple INC
Reed,willie M
Quit Claim Deed
related
—
Dec 11, 2017
—
Jeremiah Reed
Christ Apostolic Temple INC
Quit Claim Deed
related
—
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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