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Property profile & analytics
OFF-MARKET
Estimated value
$6,535,000
Apartment buildings
3407 Grand Ave Des Moines, IA 50312-4130
Entity Owned
6-yr Hold
Property ID
US25-0285613
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1966
Construction
FRAME
Total area
99,296 SF
Lot
1.63 ac (70,785 SF)
Zoning code
R-4
APN
090/06462-000-000
UPID
US25-0285613
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
-
The Imperial Apartments Apartment Rental Agency Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.54M
Owner & transaction history
Imperial Grand Prix LLC · 6 yrs held
Imperial Grand Prix LLC
since 2019
2 recorded transactions
Zoning & alternative use
R-4 · 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
$66 / 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
$116,144
Tax year 2020
Assessed value
$6,730,000
Assessed 2023
Previous assessed
$6,730,000
+0.0% YoY
Effective rate
1.73%
On assessed value
Assessed land
$262,000
Assessed improvement
$6,468,000
Land market value
$262,000
Improvement market value
$6,468,000
Total market value
$6,730,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1966
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
3
Units
82
Rooms
8
Bathrooms
2
Total area
99,296 SF
Lot
1.63 ac (70,785 SF)
Zoning code
R-4
APN
090/06462-000-000
UPID
US25-0285613
Jurisdiction
POLK
Zoning & alternative use
R-4 · Des Moines, IA
Zoning R-4 · permitted uses
R-4 · 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
1966
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Units
82
Rooms
8
Bathrooms
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Imperial Grand Prix LLC
Entity
Mailing address
3408 WOODLAND AVE STE #504, WEST DES MOINES, IA 50266-6505
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 17, 2019
$6,557,000
Imperial Grand Prix LLC
Cooperative Hsng Assn Imperial
Grant Deed
related
$9,150,000 · M360 Cmnty Dev Fund LLC
Jan 2, 2008
—
Cooperative Hsng Assn Imperial
3407 LLC
Warranty Deed
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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