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Property profile & analytics
OFF-MARKET
Estimated value
$1,795,000
Warehouses
1817 Euclid Ave Des Moines, IA 50313-3015
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0111313
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Construction
STEEL FRAME
Total area
10,625 SF
Lot
4.95 ac (215,834 SF)
Zoning code
M-1
APN
070/01556-004-000
UPID
US25-0111313
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
-
United Rentals - Storage Containers and Mobile Offices (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.09M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.26M
Blend (final)
Blend
$1.80M
Owner & transaction history
Aggregate 4 LLC · 2 yrs held
Aggregate 4 LLC
since 2023
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
M-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.8M
+59.0%
Medical building
$1.8M
+53.6%
Restaurant
$1.6M
+42.5%
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
$2,040,000
ML approach
$2,085,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,150,000
Current use
AUTO REPAIR, GARAGE
$1,830,000
Change: +59% · Conversion: Easy
MEDICAL BUILDING
$1,770,000
Change: +54% · Conversion: Difficult
RESTAURANT
$1,640,000
Change: +42% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,565,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$1,235,000
Change: +7% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,100,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$1.80M
Range $1.62M – $1.97M · ±10% · vs last sale $1.80M (Sep 27 2023)
Last sale anchor
$1.80M
Sep 27 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
$169 / 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
Tax billed
$31,414
Tax year 2023
Assessed value
$895,000
Assessed 2024
Previous assessed
$895,000
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$295,000
Assessed improvement
$600,000
Land market value
$295,000
Improvement market value
$600,000
Total market value
$895,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
3
Stories
1
Rooms
5
Bathrooms
1
Total area
10,625 SF
Lot
4.95 ac (215,834 SF)
Zoning code
M-1
APN
070/01556-004-000
UPID
US25-0111313
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IA
Zoning M-1 · permitted uses
M-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
WAREHOUSE, STORAGE Current
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
RESTAURANT
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1974
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Rooms
5
Bathrooms
1
Lot
4.95 ac
Current owner
From public records · entity-resolved
Aggregate 4 LLC
Entity
Mailing address
6320 W LAMAR AVE STE #107, OVERLAND PARK, KS 66202-4268
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2023
$1,800,000
Aggregate 4 LLC
Div Clipper LLC
Warranty Deed
$4,410,000 · Tricentury Bank
May 31, 2022
$1,700,000
Div Clipper LLC
1817 Euclid LLC
Warranty Deed
$1,445,000 · Intrust Bank NA
Dec 12, 2017
—
Euclid LLC
—
Deed
related
$1,145,000 · American Trust & Savings Bank
Feb 7, 2017
—
1817 Euclid LLC
—
Deed
related
$627,500 · Bankers Tr
Jun 13, 2016
$450,000
1817 Euclid LLC
Waste Management Of Iowa INC
Grant Deed
—
Dec 9, 2010
$400,000
Waste Management Of Iowa INC
R & A Properties INC
Warranty Deed
—
Jun 15, 2009
—
R & A Properties INC
—
Deed Of Trust
related
$6,000,000 · Visionbank Of Iowa
—
—
1817 Euclid LLC
—
Deed Of Trust
related
$627,500 · Bankers Tr
—
—
R & A Properties INC
—
Deed Of Trust
related
$400,000 · Liberty Federal Savings Bank
—
—
R & A Properties INC
—
Deed Of Trust
related
$100,000 · Liberty Federal Savings 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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