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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Drive through restaurants
2517 Hubbell Ave Des Moines, IA 50317-6101
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US25-0270153
Property summary
AI-generated overview
This Des Moines, Iowa retail property at 2517 Hubbell Ave is a 3,881 square foot building formerly occupied by Taco Bell and KFC. Built in 1982, the property sits on a 0.95-acre lot and includes a drive-thru, walk-in cooler, freezer, and grease trap. The building is zoned MX3 and offers excellent visibility and accessibility due to its location in a high-traffic area with approximately 9,700 vehicles per day passing on Hubbell Avenue, according to Iowa DOT data. The property also benefits from close proximity to Interstate 235 and provides ample parking with 52 spaces. The asking price for this investment opportunity is $700,000. This single-building property presents a strong potential for a variety of quick-service restaurant uses. The property's features, location, and high traffic count make it an attractive investment opportunity in the Des Moines market.
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2018
Construction
FRAME
Total area
3,881 SF
Lot
0.95 ac (41,368 SF)
Zoning code
C-4
APN
060/09261-002-000
UPID
US25-0270153
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
-
KFC Restaurant
-
Taco Bell Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$546k
Blend (final)
Blend
$585k
Owner & transaction history
Central Iowa Kfc INC · 9 yrs held
Central Iowa Kfc INC
since 2017
3 recorded transactions
Zoning & alternative use
C-4 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$670,000
+11.6%
Medical building
$645,000
+7.8%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$600,000
Current use
AUTO REPAIR, GARAGE
$670,000
Change: +12% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: +8% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
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
$25,448
Tax year 2020
Assessed value
$983,700
Assessed 2023
Previous assessed
$983,700
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$209,000
Assessed improvement
$774,700
Land market value
$209,000
Improvement market value
$774,700
Total market value
$983,700
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
2018
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
8
Bathrooms
2
Total area
3,881 SF
Lot
0.95 ac (41,368 SF)
Zoning code
C-4
APN
060/09261-002-000
UPID
US25-0270153
Jurisdiction
POLK
Zoning & alternative use
C-4 · Des Moines, IA
Zoning C-4 · permitted uses
C-4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$600,000
AUTO REPAIR, GARAGE
Est. value
$670,000
MEDICAL BUILDING
Est. value
$645,000
RESTAURANT Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
2
Lot
0.95 ac
Current owner
From public records · entity-resolved
Central Iowa Kfc INC
Entity
Mailing address
PO BOX 269, COLUMBUS JUNCTION, IA 52738-0269
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 16, 2017
—
Central Iowa Kfc INC
—
Deed
related
$2,840,000 · Pacific Premier Bk
—
—
Central Iowa Kfc INC
—
Deed Of Trust
related
$4,934,000 · Infinity Franchise Capital LLC
—
—
Central Iowa Kfc INC
—
Loan Modification
related
$2,840,000 · Pacific Premier Bk
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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