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Property profile & analytics
OFF-MARKET
Estimated value
$1,965,000
Strip malls
200 Army Post Rd Des Moines, IA 50315-6203
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0158741
Property summary
AI-generated overview
Stefon Plaza, located at 200 Army Post Rd in Des Moines, Iowa (zip code 50315), offers a prime retail or restaurant opportunity within a 12,000 square foot strip center in Polk County. Currently, 1,440 square feet of space is available for lease. This strategically positioned property benefits from its convenient location between Southridge Mall and Des Moines International Airport, ensuring high visibility and accessibility. The property's proximity to Highway 5 provides excellent access for customers and employees. The building is classified as a multi-tenant retail strip center, presenting a chance to establish a business in a thriving commercial area. The available space is ideal for a variety of retail or restaurant concepts seeking a location with strong foot traffic and convenient access to major transportation routes. Interested parties are encouraged to inquire about lease terms and availability. The property's address is easily verifiable through standard mapping services.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1987
Construction
STEEL FRAME
Total area
59,186 SF
Lot
5.31 ac (231,304 SF)
Zoning code
C-2
APN
120/00324-002-007
UPID
US25-0158741
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
-
The Dance Avenue Training Center
-
Iowa Realty - Joe Henry Real Estate Agency
-
Ivy Massage Alternative Medicine Practice Spa & Massage Center
-
Dr. Shane Evans Physician
-
Eye Care Of Iowa PC Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.97M
Owner & transaction history
Ssd Props LLC · 5 yrs held
Ssd Props LLC
since 2020
3 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.97M
Range $1.77M – $2.16M · ±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
$33 / 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
$172,332
Tax year 2020
Assessed value
$5,070,000
Assessed 2023
Previous assessed
$5,070,000
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$1,120,000
Assessed improvement
$3,950,000
Land market value
$1,120,000
Improvement market value
$3,950,000
Total market value
$5,070,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
59,186 SF
Lot
5.31 ac (231,304 SF)
Zoning code
C-2
APN
120/00324-002-007
UPID
US25-0158741
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IAZoning 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
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
5.31 ac
Current owner
From public records · entity-resolved
Ssd Props LLC
Entity
Free & Clear · 5 yrs held
Mailing address
5000 WESTOWN PKWY STE #400, WEST DES MOINES, IA 50266-5921
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2020
$398,000
Ssd Props LLC
William C Knapp Lc
Warranty Deed
—
Apr 11, 2005
—
William C Knapp Lc
Knapp William C Trust
Quit Claim Deed
related
—
—
—
William C Knapp Lc
—
Deed Of Trust
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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