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Property profile & analytics
OFF-MARKET
Investment properties
2333 Mckinley Ave Des Moines, IA 50321-2305
Individually Owned
19-yr Hold
~
Est. High Equity
Property ID
US25-2575415
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2005
Construction
FRAME
Total area
3,040 SF
Lot
1.16 ac (50,530 SF)
Zoning code
M-3
APN
120/07068-004-000
UPID
US25-2575415
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
-
Universal Insurance Group Insurance Agency
-
The Bug Man, Inc. Garden Center
-
Spectrum Premium Finance Insurance Agency
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
Victor J Vacco · 19 yrs held
Victor J Vacco
since 2006
4 recorded transactions
Zoning & alternative use
M-3 · 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
$7,950
Tax year 2020
Assessed value
$336,000
Assessed 2023
Previous assessed
$336,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$214,000
Assessed improvement
$122,000
Land market value
$214,000
Improvement market value
$122,000
Total market value
$336,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2005
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Units
2
Total area
3,040 SF
Lot
1.16 ac (50,530 SF)
Zoning code
M-3
APN
120/07068-004-000
UPID
US25-2575415
Jurisdiction
POLK
Zoning & alternative use
M-3 · Des Moines, IA
Zoning M-3 · permitted uses
M-3 · 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
2005
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Units
2
Lot
1.16 ac
Current owner
From public records · entity-resolved
Victor J Vacco
Individual
Mailing address
PO BOX 21099, DES MOINES, IA 50321-9402
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2006
—
Victor J Vacco
Vacco Properties INC
Quit Claim Deed
related
$49,123 · First American Bank
Sep 24, 2004
$225,000
Jdet LLC
Vacco Properties INC
Warranty Deed
$168,750 · Liberty Federal Savings Bank
—
—
Jdet LLC
—
Deed Of Trust
related
$222,000 · West Bank
—
—
Jdet LLC
—
Deed Of Trust
related
$66,000 · Liberty Federal Savings 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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