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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
More about this property
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