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Property profile & analytics
OFF-MARKET
Estimated value
$775,000
Auto shops
3416 14th St Des Moines, IA 50320-1334
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0432941
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2004
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.66 ac (28,539 SF)
Zoning code
C-2
APN
010/03748-007-005
UPID
US25-0432941
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
-
AAMCO Transmissions & Total Car Care Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$805k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$811k
Blend (final)
Blend
$775k
Owner & transaction history
Meme Investments LLC · 3 yrs held
Meme Investments LLC
since 2023
Last sale
$700,000
5 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
Method
Estimation
Statistic approach
$850,000
ML approach
$805,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$860,000
Current use
MEDICAL BUILDING
$830,000
Change: -3% · Conversion: Difficult
RESTAURANT
$770,000
Change: -10% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$735,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$775k
Range $698k – $853k · ±10% · vs last sale $700k (Oct 10 2024)
Last sale anchor
$700k
Oct 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$155 / 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
$23,414
Tax year 2020
Assessed value
$750,000
Assessed 2023
Previous assessed
$750,000
+0.0% YoY
Effective rate
3.12%
On assessed value
Assessed land
$181,000
Assessed improvement
$569,000
Land market value
$181,000
Improvement market value
$569,000
Total market value
$750,000
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Total area
5,000 SF
Lot
0.66 ac (28,539 SF)
Zoning code
C-2
APN
010/03748-007-005
UPID
US25-0432941
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.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$860,000
MEDICAL BUILDING
Est. value
$830,000
RESTAURANT
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$735,000
AUTO REPAIR, GARAGE Current
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2004
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Meme Investments LLC
Entity
Mailing address
1104 NW GABUS CIR, GRIMES, IA 50111-1174
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
—
Meme Investments LLC
—
Deed
related
$309,000 · Iowa Business Growth Company
Jul 12, 2023
$750,000
Meme Investments LLC
Southeast Des Moines Ats Lc
Warranty Deed
$675,000 · City State Bank
Apr 8, 2020
—
Southeast Des Moines Ats Lc
—
Deed
related
$860,000 · Visionbank Of Ia
Jun 22, 2004
—
Des Moines Ats Lc Southeast
—
Trustees Deed
related
$800,000 · Ames Community Bank
—
—
Southeast Des Moines Ats Lc
—
Deed Of Trust
related
$860,000 · Visionbank Of Ia
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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