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Property profile & analytics
OFF-MARKET
Retail space
2917 Payne Rd Des Moines, IA 50310-5647
Entity Owned
4-yr Hold
Free & Clear
Property ID
US25-2458844
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Construction
STEEL FRAME
Total area
2,604 SF
Lot
0.29 ac (12,548 SF)
Zoning code
C-1
APN
080/00225-000-000
UPID
US25-2458844
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
-
Prospect Park Market Grocery & Convenience Store
-
Bitcoin Depot | Bitcoin ATM Atm Crypto Atm
-
Bitcoin Depot ATM Atm
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
Gautam Buddha LLC · 4 yrs held
Gautam Buddha LLC
since 2022
Last sale
$80,000
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
$3,188
Tax year 2020
Assessed value
$139,000
Assessed 2023
Previous assessed
$139,000
+0.0% YoY
Effective rate
2.29%
On assessed value
Assessed land
$79,600
Assessed improvement
$59,400
Land market value
$79,600
Improvement market value
$59,400
Total market value
$139,000
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Bathrooms
1
Total area
2,604 SF
Lot
0.29 ac (12,548 SF)
Zoning code
C-1
APN
080/00225-000-000
UPID
US25-2458844
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
2006
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Gautam Buddha LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2325 E LUSTER LN, DES MOINES, IA 50320-6428
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 20, 2022
$80,000
Gautam Buddha LLC
Khanna Family Investment INC
Warranty Deed
—
Jan 23, 2013
$207,000
Khanna Family Investments INC
Bedi,gurbachan S & Paramjit K
Warranty Deed
$216,400 · Celtic Bank Corp
May 6, 2011
—
Gurbachan S Bedi
Sandhu Ent LLC
Quit Claim Deed
related
—
May 6, 2011
$206,912
Khanna Family Investment INC
Bedi,gurbachan S & Paramjit K
Grant Deed
—
Dec 30, 2010
—
Gurbachan S Bedi
Bedi Ents LLC
Quit Claim Deed
—
Aug 2, 2007
$225,000
Sandhu Enterprise LLC
Bedi Enterprises LLC
Grant Deed
—
May 31, 2006
$107,000
Bedi Ents LLC
Aguilar,gloria
Warranty Deed
—
May 31, 2006
$84,500
Gloria Aguilar
Tax 206
Warranty Deed
—
Jul 1, 2005
$84,500
Gloria Aguilar
Tax 206 Of The County Polk
Grant Deed
—
Jul 19, 2004
$7,491
Tax 206
Treasurer Of Polk County
Tax Deed
—
—
—
Khanna Family Investments INC
—
Deed Of Trust
related
$80,000 · Gurbachan S Bedi
—
—
Bedi Ents LLC
—
Deed Of Trust
related
—
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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