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Property profile & analytics
OFF-MARKET
Drive through restaurants
2251 University Ave Des Moines, IA 50317-5269
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US25-0089697
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1990
Construction
FRAME
Total area
1,500 SF
Lot
0.28 ac (12,310 SF)
Zoning code
C-1
APN
050/03610-003-000
UPID
US25-0089697
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
-
Subway Take-out & Catering
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
Dhani Ahar Holdings LLC · 8 yrs held
Dhani Ahar Holdings LLC
since 2018
7 recorded transactions
Zoning & alternative use
C-1 · 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
$6,760
Tax year 2020
Assessed value
$375,500
Assessed 2023
Previous assessed
$375,500
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$74,600
Assessed improvement
$300,900
Land market value
$74,600
Improvement market value
$300,900
Total market value
$375,500
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1990
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
1,500 SF
Lot
0.28 ac (12,310 SF)
Zoning code
C-1
APN
050/03610-003-000
UPID
US25-0089697
Jurisdiction
POLK
Zoning & alternative use
C-1 · Des Moines, IA
Zoning C-1 · permitted uses
C-1 · 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
1990
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Dhani Ahar Holdings LLC
Entity
Mailing address
3052 MARNIE AVE, WATERLOO, IA 50701-4373
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2020
—
Dhani Ahar Holdings LLC
—
Deed
related
$439,000 · Denver Savings Bank
Apr 5, 2018
$285,000
Dhani Ahar Holdings LLC
Sandhu Group Of Companies INC
Warranty Deed
$228,000 · Us Bank NA
Apr 5, 2018
—
Dhani Ahar Hldgs LLC
—
Deed
related
$228,000 · Us Bk
Aug 29, 2013
$350,000
Sandhu Group Of Companies INC
Spar Quest INC
Warranty Deed
$850,000 · Capitalsource Bank
Aug 29, 2013
—
Spar Quest INC
First Bk
Quit Claim Deed
related
—
May 9, 2011
—
Sandhu Group Of Companies INC
Spar Quest INC
Grant Deed
related
—
Nov 3, 2010
$350,000
Sandhu Group Of Companies INC
Spar Quest INC
Grant Deed
—
—
—
Spar Quest INC
—
Deed Of Trust
related
$750,000 · First Bank
—
—
Dhani Ahar Hldgs LLC
—
Deed Of Trust
related
$439,000 · Denver Svgs Bk
—
—
Dhani Ahar Hldgs LLC
—
Deed Of Trust
related
$228,000 · Us Bk
—
—
Spar Quest INC
—
Deed Of Trust
related
$750,000 · First Bank
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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