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Property profile & analytics
OFF-MARKET
Estimated value
$6,660,000
Investment properties
1800 Broadway Ave Des Moines, IA 50313-2644
Entity Owned
Free & Clear
Property ID
US25-0181487
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1991
Construction
CONCRETE
Total area
63,739 SF
Lot
20.95 ac (912,495 SF)
Zoning code
HI
APN
270/01067-014-004
UPID
US25-0181487
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
-
EFCO Corp. Big Box & Wholesale Store
-
Wilian Holding Co Inc Construction Company
-
Construction Products Inc Film Production Television Studio
-
SwapLoader USA, LTD. Auto Parts Store
-
Transform Trucking Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.58M
Blend (final)
Blend
$6.66M
Owner & transaction history
TRANSFORM
TRANSFORM
Zoning & alternative use
HI · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.0M
+66.0%
Medical building
$10.6M
+60.5%
Restaurant
$9.8M
+48.8%
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)
$6,610,000
Current use
AUTO REPAIR, GARAGE
$10,975,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$10,605,000
Change: +60% · Conversion: Easy
RESTAURANT
$9,840,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,385,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$7,405,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$6,905,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$6.66M
Range $5.99M – $7.33M · ±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
$104 / 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
$109,358
Tax year 2020
Assessed value
$4,915,000
Assessed 2023
Previous assessed
$4,915,000
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$1,560,000
Assessed improvement
$3,355,000
Land market value
$1,560,000
Improvement market value
$3,355,000
Total market value
$4,915,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1991
Construction
CONCRETE
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
6
Total area
63,739 SF
Lot
20.95 ac (912,495 SF)
Zoning code
HI
APN
270/01067-014-004
UPID
US25-0181487
Jurisdiction
POLK
Zoning & alternative use
HI · Des Moines, IA
Zoning HI · permitted uses
HI · 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
$6.6M
AUTO REPAIR, GARAGE
Est. value
$11.0M
MEDICAL BUILDING
Est. value
$10.6M
RESTAURANT
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.4M
RETAIL STORES
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$6.9M
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
1991
Construction
CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
6
Buildings
1
Lot
20.95 ac
Current owner
From public records · entity-resolved
TRANSFORM
Individual
Free & Clear · 0 yrs held
Mailing address
1800 NE BROADWAY AVE, DES MOINES, IA 50313-2644
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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