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Property profile & analytics
OFF-MARKET
Estimated value
$3,920,000
Hotels
1810 Army Post Rd Des Moines, IA 50315-5413
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-2513109
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Construction
FRAME
Total area
96,863 SF
Lot
4.74 ac (206,431 SF)
Zoning code
C-2
APN
120/01648-021-001
UPID
US25-2513109
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
-
Margaritas Mexican Restaurant & Catering Restaurant
-
ATM Atm
-
Ramada by Wyndham Des Moines Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$3.92M
Owner & transaction history
Sunrise Hotel LLC · 2 yrs held
Sunrise Hotel LLC
since 2023
Last sale
$3.9M
7 recorded transactions
Zoning & alternative use
C-2 · 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
Method
Estimation
Statistic approach
$4,425,000
ML approach
$4,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.92M
Range $3.53M – $4.31M · ±10% · vs last sale $3.91M (Nov 2 2023)
Last sale anchor
$3.91M
Nov 2 2023
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
$40 / 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
$151,866
Tax year 2020
Assessed value
$3,420,000
Assessed 2023
Previous assessed
$3,420,000
+0.0% YoY
Effective rate
4.44%
On assessed value
Assessed land
$939,000
Assessed improvement
$2,481,000
Land market value
$939,000
Improvement market value
$2,481,000
Total market value
$3,420,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Units
140
Rooms
7
Bathrooms
2
Total area
96,863 SF
Lot
4.74 ac (206,431 SF)
Zoning code
C-2
APN
120/01648-021-001
UPID
US25-2513109
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IA
Zoning C-2 · permitted uses
C-2 · 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
2016
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Units
140
Rooms
7
Bathrooms
2
Lot
4.74 ac
Current owner
From public records · entity-resolved
Sunrise Hotel LLC
Entity
Mailing address
1810 ARMY POST RD, DES MOINES, IA 50315-5413
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2024
—
Sunrise Hotel LLC
—
Deed
related
$5,000,000 · Cusb Bank
Nov 2, 2023
—
Sunrise Hotel LLC
Jaygoga LLC
Quit Claim Deed
related
—
Jul 26, 2019
$3,905,000
Jaygoga LLC
Airport Hotel LLC
Warranty Deed
$5,000,000 · Cusb Bank
Feb 22, 2017
—
Airport Hotel LLC
—
Deed
related
$4,140,000 · Metabank
Mar 2, 2016
$915,000
Airport Hotel LLC
1810 Army Post LLC
Warranty Deed
—
Jan 23, 2014
$6,207,378
1810 Army Post LLC
Sheriff Of Polk County
Trustees Deed
related
—
Jan 14, 2008
$5,299,500
Redj Enterprises Ltd
Dm Airport Hotel Associates Lc
Special Warranty Deed
—
—
—
Airport Hotel LLC
—
Deed Of Trust
related
$2,000,000 · Metabank
—
—
Airport Hotel LLC
—
Deed Of Trust
related
$4,140,000 · Metabank
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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