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Property profile & analytics
OFF-MARKET
Banks
2005 Ingersoll Ave Ste 100 Des Moines, IA 50309-3374
Entity Owned
7-yr Hold
Free & Clear
Property ID
US25-0934569
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2014
Construction
STEEL FRAME
Total area
10,752 SF
Lot
0.26 ac (11,170 SF)
Zoning code
NPC
APN
030/02480-001-000
UPID
US25-0934569
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
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
Mr Ingersoll Phase I & II LLC · 7 yrs held
Mr Ingersoll Phase I & II LLC
since 2018
6 recorded transactions
Zoning & alternative use
NPC · 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
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
$8,370
Tax year 2020
Assessed value
$1,974,000
Assessed 2023
Previous assessed
$1,974,000
+0.0% YoY
Effective rate
0.42%
On assessed value
Assessed land
$246,000
Assessed improvement
$1,728,000
Land market value
$246,000
Improvement market value
$1,728,000
Total market value
$1,974,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
4
Total area
10,752 SF
Lot
0.26 ac (11,170 SF)
Zoning code
NPC
APN
030/02480-001-000
UPID
US25-0934569
Jurisdiction
POLK
Zoning & alternative use
NPC · Des Moines, IA
Zoning NPC · permitted uses
NPC · 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
2014
Construction
STEEL FRAME
Heating
NONE
Stories
4
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Mr Ingersoll Phase I & II LLC
Entity
Free & Clear · 7 yrs held
Mailing address
55 E JACKSON BLVD STE #500, CHICAGO, IL 60604-4396
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2019
—
Mr Ingersoll Vdn LLC
—
Deed
related
$1,231,201 · Veridian Cu
Dec 14, 2018
$26,250,000
Mr Ingersoll Phase I & II LLC
Ingersoll Square Ptrs LLC
Warranty Deed
related
—
Oct 29, 2018
—
Ingersoll Square Phase III Ass
—
Deed
related
$5,993,700 · Gershman Inv
—
—
Ingersoll Square Phase III Ass
—
Deed Of Trust
related
$5,993,700 · Gershman Inv
—
—
Mr Ingersoll Vdn LLC
—
Deed Of Trust
related
$1,231,201 · Veridian Cu
—
—
Ingersoll Sq Phase III Assocs
—
Loan Modification
related
$6,080,000 · Veridian Cu
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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