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Property profile & analytics
OFF-MARKET
Industrial properties
403 8th St Des Moines, IA 50309
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0381476
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1975
Total area
154 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R-2A
APN
040/01253-000-000
UPID
US25-0381476
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
-
Natural Health Improvement Center of Des Moines Physician
-
Massage By Gabriella Rose Alternative Medicine Practice Spa & Massage Center
-
Sarah Outlaw Physician
-
Specialized Health Chiropractic Alternative Medicine Practice
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
Raccoon Street Warehouse LLC · 13 yrs held
Raccoon Street Warehouse LLC
since 2013
7 recorded transactions
Zoning & alternative use
R-2A · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$1,156
Tax year 2023
Assessed value
$58,800
Assessed 2024
Previous assessed
$58,800
+0.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$47,000
Assessed improvement
$11,800
Land market value
$47,000
Improvement market value
$11,800
Total market value
$58,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1975
Heating
NONE
Rooms
7
Total area
154 SF
Lot
0.18 ac (7,840 SF)
Zoning code
R-2A
APN
040/01253-000-000
UPID
US25-0381476
Jurisdiction
POLK
Zoning & alternative use
R-2A · Des Moines, IA
Zoning R-2A · permitted uses
R-2A · 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
1975
Heating
NONE
Rooms
7
Lot
0.18 ac
Current owner
From public records · entity-resolved
Raccoon Street Warehouse LLC
Entity
Mailing address
6205 MLS CIVIC PKWY STE #201, WEST DES MOINES, IA 50266-5355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 14, 2018
—
Maxwell Midwest Holding Co LLC
—
Grant Deed
related
$1,200,250 · Earlham Svgs Bk
Oct 10, 2016
—
Raccoon Street Warehouse LLC
—
Deed
related
$200,000 · First Contract Corp
Jun 5, 2013
—
Raccoon Street Warehouse LLC
—
Trustees Deed
related
$700,000 · Vista Real Estate & Investment
Jun 4, 2013
$615,000
Raccoon Street Warehouse LLC
Dodge Investment Co INC
Warranty Deed
—
—
—
Raccoon Street Warehouse LLC
—
Deed Of Trust
related
$807,800 · Peoples Tr & Svgs Bk/clive
—
—
Raccoon Street Warehouse LLC
—
Deed Of Trust
related
$206,990 · Vista R/e & Inv
—
—
Raccoon Street Warehouse LLC
—
Deed Of Trust
related
$200,000 · Maxwell Midwest Holding Co LLC
—
—
Uss Husmann LLC
—
Deed Of Trust
related
$1,925,000 · Earlham Svgs Bk
—
—
Raccoon Street Warehouse LLC
—
Deed Of Trust
related
$200,000 · First Contract Corp
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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