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Property profile & analytics
OFF-MARKET
Retail space
2803 9th St Des Moines, IA 50315-2319
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-0032610
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2012
Construction
FRAME
Total area
1,782 SF
Lot
0.19 ac (8,163 SF)
Zoning code
C-1
APN
010/03501-000-000
UPID
US25-0032610
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
-
Grand View College Student Lng College
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
Cesia Cleaning Company LLC · 1 yrs held
Cesia Cleaning Company LLC
since 2025
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
$3,722
Tax year 2020
Assessed value
$168,000
Assessed 2023
Previous assessed
$168,000
+0.0% YoY
Effective rate
2.22%
On assessed value
Assessed land
$51,800
Assessed improvement
$116,200
Land market value
$51,800
Improvement market value
$116,200
Total market value
$168,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2012
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
1,782 SF
Lot
0.19 ac (8,163 SF)
Zoning code
C-1
APN
010/03501-000-000
UPID
US25-0032610
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
2012
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Cesia Cleaning Company LLC
Entity
Mailing address
2803 SW 9TH ST, DES MOINES, IA 50315-2319
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2025
$180,000
Cesia Cleaning Company LLC
Contract Exchange Corporation
Warranty Deed
—
Jan 29, 2025
—
Contract Exchange Corporation
Prosperity Janitorial L L C
Warranty Deed
—
Jan 29, 2025
$180,000
Cesia Cleaning Company LLC
Prosperity Janitorial LLC
Deed
—
Jun 7, 2019
—
Prosperity Janitorial LLC
Josess Floor Covering INC
Correction Deed
related
—
Apr 24, 2019
$115,000
Prosperity Janitorial LLC
Joses Floor Covering INC
Warranty Deed
—
Apr 5, 2012
$28,000
Josess Floor Covering INC
Evans,dennis R & Julie A
Warranty Deed
—
Oct 24, 2007
$129,900
Santos Borboa
Iowa Litho Craft Printing Of Cnty
Grant Deed
—
Oct 24, 2007
—
First American Bank
Iowa Litho Craft Printing
Grant Deed
related
—
Mar 28, 2006
$135,000
Litho Craft Printing Iowa
Mcelderry,phyllis M
Warranty Deed
$125,000 · First American Bank
—
—
Dennis R Evans
—
Deed Of Trust
related
$102,122 · First American 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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