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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
2704 Vine St West Des Moines, IA 50265-3239
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0112663
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1989
Construction
FRAME
Total area
1,800 SF
Lot
0.45 ac (19,498 SF)
Zoning code
CVC
APN
320/01720-003-000
UPID
US25-0112663
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
-
Super Quick Liquor & Gas Station Grocery & Convenience Store Food Market
-
Conoco Gas Station
-
Super Quick Mart Grocery & Convenience Store
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
Mahajan 2 LLC · 5 yrs held
Mahajan 2 LLC
since 2020
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
CVC · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Convenience commercial areas shall be designated to provide for single users commercial sites or small commercial centers and uses which provide opportunities for the sale of most frequently purchased goods or services. Typical uses in this designation would be a convenience market, professional offices, daycare centers, banks, and other personal services. L…
Zone name
Convenience Commercial
General category
COMMERCIAL
Zone area
9.16 ac
Source
Realmo
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 West Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$6,322
Tax year 2020
Assessed value
$371,300
Assessed 2023
Previous assessed
$371,300
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$94,500
Assessed improvement
$276,800
Land market value
$94,500
Improvement market value
$276,800
Total market value
$371,300
Applied tax rate
20.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1989
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
1,800 SF
Lot
0.45 ac (19,498 SF)
Zoning code
CVC
APN
320/01720-003-000
UPID
US25-0112663
Jurisdiction
POLK
Zoning & alternative use
CVC · West Des Moines, IAZoning CVC · permitted uses
CVC · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Convenience commercial areas shall be designated to provide for single users commercial sites or small commercial centers and uses which provide opportunities for the sale of most frequently purchased goods or services. Typical uses in this designation would be a convenience market, professional offices, daycare centers, banks, and other personal services. Like neighborhood commercial designated areas, convenience commercial areas shall be specifically designed and operated to be compatible with adjacent residential areas. Specifically, limitations on the design and the operation of uses shall include architectural and building mass, hours of operation, delivery vehicles, noise and lighting control, signage and traffic. Developments shall be limited to one story in height and have a residential exterior design, material and roof style. Projects shall emphasize unrestricted pedestrian access to and from surrounding residential areas.
Zone name
Convenience Commercial
General category
COMMERCIAL
Zone area
9.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1989
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Mahajan 2 LLC
Entity
Mailing address
6950 STAGECOACH DR UNIT #2204, WEST DES MOINES, IA 50266-3903
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 24, 2022
—
Mahajan 2 LLC
—
Deed
related
$235,000 · Community Savings Bank
Sep 1, 2020
$300,000
Mahajan 2 LLC
Fast Mart 2 LLC
Warranty Deed
$225,000 · Community Savings Bank
Aug 15, 2017
—
Fast Mart 2 LLC
—
Deed
related
$40,438 · Community Savings Bank
Jun 15, 2012
$250,000
Fast Mart 2 LLC
First Bk
Warranty Deed
$175,000 · First Bank
Aug 27, 2009
—
First Bank
Qt Ventures LLC
Grant Deed
related
—
Jan 31, 2005
$230,000
Qt Venture LLC
Valley West Oil Co INC
Warranty Deed
$435,000 · First Bank
—
—
Fast Mart 2 LLC
—
Deed Of Trust
related
$200,000 · Linn County State 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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