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Property profile & analytics
OFF-MARKET
Automotive properties
2900 University Ave Des Moines, IA 50317-8236
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0261309
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1983
Construction
FRAME
Total area
3,965 SF
Lot
0.47 ac (20,627 SF)
Zoning code
C-2
APN
060/06465-001-000
UPID
US25-0261309
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
-
M & M Motors Sales and Service Car Dealership
-
Pre Owned Autos Car Dealership
-
Pupusería & Taqueria Los Cuates Restaurant
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
2900 East University LLC · 2 yrs held
2900 East University LLC
since 2023
Last sale
$335,000
4 recorded transactions
Zoning & alternative use
C-2 · 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
$6,002
Tax year 2020
Assessed value
$280,000
Assessed 2023
Previous assessed
$280,000
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$125,000
Assessed improvement
$155,000
Land market value
$125,000
Improvement market value
$155,000
Total market value
$280,000
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1983
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
2
Rooms
7
Bathrooms
1
Total area
3,965 SF
Lot
0.47 ac (20,627 SF)
Zoning code
C-2
APN
060/06465-001-000
UPID
US25-0261309
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IA
Zoning C-2 · permitted uses
C-2 · 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
1983
Construction
FRAME
Heating
CENTRAL
Stories
2
Buildings
1
Rooms
7
Bathrooms
1
Lot
0.47 ac
Current owner
From public records · entity-resolved
2900 East University LLC
Entity
Mailing address
6644 W 52ND ST N, NEWTON, IA 50208-8085
Ownership since
2023
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
Nov 2, 2023
$335,000
2900 East University LLC
Aea Holdings LLC
Warranty Deed
$227,291 · Lincoln Savings Bank
Sep 17, 2018
$335,000
Aea Holdings LLC
2900 E University LLC
Warranty Deed
$251,250 · Midwest Heritage Bank Fsb
Jan 9, 2013
—
2900 E University LLC
Farley,robert P & Connie S
Quit Claim Deed
related
—
Jul 2, 2007
$325,000
Robert P Farley
Brown,james K & Melanie A
Warranty Deed
$350,000 · First 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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