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    Property profile & analytics

    2101 University Ave Des Moines, IA 50311-4403

    • Car washes
    • 2,520 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Last Sale
    Apr 21, 2022
    $300,000
    Location Intelligence
    Property ID
    US25-0346023
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Casa Car Wash / Car Wash

    Property Details for 2101 University Ave

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    0.36 lot acres
    Property size
    2,520 SF
    Zone code
    C-2
    Property type
    Car washes
    APN
    080/06733-000-000
    APU
    8006733000000

    Description

    This exceptional investment opportunity presents a 2,520-square-foot auto shop and car wash located at 2101 University Avenue in Des Moines, Iowa's desirable Drake neighborhood. Built in 1978, this property sits on a 0.364-acre lot and is zoned RX2 Mixed Use District. The facility boasts four drive-in stalls, ensuring efficient operation and convenient access for customers. Currently operating as a self-service car wash, this property offers a compelling 9.48% cap rate, promising immediate and substantial cash flow for investors. The attractive tax benefits further enhance the investment appeal. This property is ideal for both new and experienced investors seeking a profitable venture in a prime location. The asking price is $485,000. This is a rare chance to acquire a well-established business with significant upside potential in a thriving Des Moines neighborhood. Don't miss this opportunity to secure a strong return on investment.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $270,000

    • CAP approach

      CAP return
      Estimation
      6%
      $345,000
      6.5%
      $310,000
      7%
      $345,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $380,000
      Geo Method
      $320,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $420,000
      Mixed-Use
      $430,000
      Hospitality
      $325,000
      Educational
      $420,000
      Residential Income
      $325,000
      Energy
      $380,000
      Income-Based Land
      $395,000
      Food Service
      $385,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6458
    Latitude
    41.6007
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $3,914
    $101,000
    $85,000
    $186,000
    -
    $101,000
    $85,000
    $186,000

    Comparable in this City

    • Value Estimation
      $370,000
      3,195 SF

      2001 University Ave

      AUTO REPAIR, GARAGE • 3,195 SF
      2001 University Ave, Des Moines, IA 50311-4401
      View Details
    • Value Estimation by Request
      1,179 SF

      2208 Frst Ave

      AUTO REPAIR, GARAGE • 1,179 SF
      2208 Frst Ave, Des Moines, IA 50311
      View Details
    • Value Estimation
      $375,000
      5,760 SF

      2005 University Ave

      AUTO REPAIR, GARAGE • 5,760 SF
      2005 University Ave, Des Moines, IA 50311
      View Details
    • Value Estimation by Request
      4,984 SF

      4700 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,984 SF
      4700 University Ave, Des Moines, IA 50311-3302
      View Details
    • Value Estimation by Request
      1,100 SF

      4710 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      4710 University Ave, Des Moines, IA 50311-3302
      View Details
    • Value Estimation by Request
      15,675 SF

      4118 University Ave

      SHOPPING CENTER, STRIP CENTER • 15,675 SF
      4118 University Ave, Des Moines, IA 50311
      View Details

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      16.37 Acres Business Park Land

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    Similar Nearby for Lease

    • Contact for pricing
      5,800 SF

      Des Moines Retail Space For Lease

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    • $14 SF/Yr
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      Retail Space Near Drake University

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    • $23 SF/Yr
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    • $650 /Mo
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    Des Moines, IA 50311-4403
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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