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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
1838 Fuller Rd West Des Moines, IA 50265-5526
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0376195
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
1976
Construction
STEEL FRAME
Total area
5,560 SF
Lot
0.67 ac (29,185 SF)
Zoning code
GI
APN
320/02793-014-002
UPID
US25-0376195
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
-
West Side Auto Body Auto Repair Shop
-
PDR Sharks Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
David Allbee · 8 yrs held
David Allbee
since 2018
4 recorded transactions
Zoning & alternative use
GI · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
General industrial areas shall be designated to provide areas for light and heavy industrial uses, and warehouse and distribution facilities. In particular, general industrial areas are intended to provide areas where outside storage and fabrication yards are allowed if properly mitigated, including dust control and visual screening when deemed necessary. Ap…
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
360.14 ac
Source
Realmo
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 West Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$6,154
Tax year 2020
Assessed value
$339,000
Assessed 2023
Previous assessed
$339,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$121,000
Assessed improvement
$218,000
Land market value
$121,000
Improvement market value
$218,000
Total market value
$339,000
Applied tax rate
20.0000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
1976
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
2
Stories
2
Total area
5,560 SF
Lot
0.67 ac (29,185 SF)
Zoning code
GI
APN
320/02793-014-002
UPID
US25-0376195
Jurisdiction
POLK
Zoning & alternative use
GI · West Des Moines, IAZoning GI · permitted uses
GI · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
General industrial areas shall be designated to provide areas for light and heavy industrial uses, and warehouse and distribution facilities. In particular, general industrial areas are intended to provide areas where outside storage and fabrication yards are allowed if properly mitigated, including dust control and visual screening when deemed necessary. Appropriate buffering as prescribed by the zoning ordinance shall be established between general industrial areas and other uses, in particular, residential uses. Every effort should also be made to encourage redevelopment of existing industrial areas. Access to general industrial areas shall not be through residential areas. Access to general industrial areas should be off of arterial and or collector streets.
Zone name
General Industrial
General category
INDUSTRIAL
Zone area
360.14 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1976
Construction
STEEL FRAME
Heating
CENTRAL
Stories
2
Buildings
2
Lot
0.67 ac
Current owner
From public records · entity-resolved
David Allbee
Individual
Mailing address
13966 DELTA CIR, REDFIELD, IA 50233-6106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Apr 26, 2018
—
David Allbee
—
Deed
related
$200,000 · Legacy Bank
Dec 30, 2016
—
David Allbee
—
Deed
related
$200,000 · Legacy Bk-clive
—
—
David C Allbee
—
Deed Of Trust
related
—
—
—
David Allbee
—
Deed Of Trust
related
$200,000 · Legacy Bk-clive
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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