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Property profile & analytics
OFF-MARKET
Estimated value
$7,545,000
Retail properties & Spaces
4001 Delaware Ave Des Moines, IA 50313-2543
Entity Owned
2-yr Hold
Free & Clear
Property ID
US25-0276803
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2015
Construction
STEEL FRAME
Total area
82,834 SF
Lot
24.17 ac (1,053,019 SF)
Zoning code
M-1
APN
060/08943-006-000
UPID
US25-0276803
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
-
McAninch Corporation General Contractor Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.14M
Blend (final)
Blend
$7.55M
Owner & transaction history
Mca Land Holdings LLC · 2 yrs held
Mca Land Holdings LLC
since 2023
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
M-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$12.2M
+85.0%
Retail stores
$9.6M
+45.9%
Warehouse, storage
$9.0M
+36.1%
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
$7,915,000
ML approach
$7,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$6,595,000
Current use
APARTMENT HOUSE (5+ UNITS)
$12,195,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$9,620,000
Change: +46% · Conversion: Difficult
WAREHOUSE, STORAGE
$8,975,000
Change: +36% · Conversion: Difficult
COMMERCIAL (GENERAL)
$8,590,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$7.55M
Range $6.79M – $8.30M · ±10% · vs last sale $6.98M (Sep 8 2023)
Last sale anchor
$6.98M
Sep 8 2023
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
$91 / 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
$286,272
Tax year 2020
Assessed value
$8,010,000
Assessed 2023
Previous assessed
$8,010,000
+0.0% YoY
Effective rate
3.57%
On assessed value
Assessed land
$1,310,000
Assessed improvement
$6,700,000
Land market value
$1,310,000
Improvement market value
$6,700,000
Total market value
$8,010,000
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 properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2015
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
2
Total area
82,834 SF
Lot
24.17 ac (1,053,019 SF)
Zoning code
M-1
APN
060/08943-006-000
UPID
US25-0276803
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IA
Zoning M-1 · permitted uses
M-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.
Alternative use value scenarios
Repositioning upside vs current use
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.2M
RETAIL STORES
Est. value
$9.6M
WAREHOUSE, STORAGE
Est. value
$9.0M
COMMERCIAL (GENERAL)
Est. value
$8.6M
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2015
Construction
STEEL FRAME
Heating
CENTRAL
Stories
2
Buildings
1
Lot
24.17 ac
Current owner
From public records · entity-resolved
Mca Land Holdings LLC
Entity
Free & Clear · 2 yrs held
Mailing address
100 E GRAND AVE STE #350, DES MOINES, IA 50309-1800
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2023
—
Mca Land Holdings LLC
Mcaninch Corporation
Warranty Deed
—
Oct 19, 2016
—
Mcaninch Corp
—
Deed
related
$7,273,441 · Privatebank & Tr
—
—
Mcaninch Corp
—
Deed Of Trust
related
$36,000,000 · Privatebank & Tr
—
—
Mcaninch Corp
—
Loan Modification
related
$6,562,504 · Privatebank & Tr
—
—
Mcaninch Corp
—
Loan Modification
related
$2,000,000 · Privatebank & Tr
—
—
Mcaninch Corp
—
Loan Modification
related
$7,273,441 · Privatebank & Tr
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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