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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Investment properties
2600 Ingersoll Ave Des Moines, IA 50312-5238
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US25-2578754
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2003
Construction
FRAME
Total area
3,669 SF
Lot
0.67 ac (29,055 SF)
Zoning code
NPC
APN
030/04791-001-000
UPID
US25-2578754
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
-
Taco John's Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$480k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$596k
Blend (final)
Blend
$550k
Owner & transaction history
Store Master Funding III LLC · 13 yrs held
Store Master Funding III LLC
since 2013
5 recorded transactions
Zoning & alternative use
NPC · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$630,000
+67.7%
Medical building
$610,000
+62.1%
Retail stores
$425,000
+13.1%
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
$480,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$580,000
7%
$535,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$375,000
Current use
AUTO REPAIR, GARAGE
$630,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$610,000
Change: +62% · Conversion: Easy
RETAIL STORES
$425,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$335,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$150 / 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
$36,962
Tax year 2020
Assessed value
$1,130,000
Assessed 2023
Previous assessed
$1,130,000
+0.0% YoY
Effective rate
3.27%
On assessed value
Assessed land
$430,000
Assessed improvement
$700,000
Land market value
$430,000
Improvement market value
$700,000
Total market value
$1,130,000
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
2003
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
3,669 SF
Lot
0.67 ac (29,055 SF)
Zoning code
NPC
APN
030/04791-001-000
UPID
US25-2578754
Jurisdiction
POLK
Zoning & alternative use
NPC · Des Moines, IA
Zoning NPC · permitted uses
NPC · 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
COMMERCIAL (GENERAL) Current
Est. value
$375,000
AUTO REPAIR, GARAGE
Est. value
$630,000
MEDICAL BUILDING
Est. value
$610,000
RETAIL STORES
Est. value
$425,000
WAREHOUSE, STORAGE
Est. value
$335,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
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
2003
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
Store Master Funding III LLC
Entity
Mailing address
5105 S XING PL STE #4, SIOUX FALLS, SD 57108-5005
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2013
$1,310,000
Store Master Funding III LLC
Byrne Family LP
Warranty Deed
—
Dec 20, 2007
—
Byrne Family
—
Deed Of Trust
related
$6,500,000 · Metabank
Dec 20, 2006
$950,000
Byrne Family
Kc Holdings IV LLC
Warranty Deed
$1,500,000 · Metabank
Jun 9, 2004
$430,000
Kim Rueter
Kc Holdings INC
Warranty Deed
—
—
—
Orchard LLC
—
Deed Of Trust
related
$2,480,000 · Regions 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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