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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
418 6th St Des Moines, IA 50309-1906
Entity Owned
~
Est. High Equity
Property ID
US25-0033849
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2009
Construction
FRAME
Total area
4,950 SF
Lot
0.04 ac (1,881 SF)
Zoning code
C-3B
APN
040/03094-000-000
UPID
US25-0033849
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
-
Eden Cosmetic Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$537k
Blend (final)
Blend
$525k
Owner & transaction history
Eden Co LLC
Eden Co LLC
since 2025
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
C-3B · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$875,000
+52.0%
Auto repair, garage
$850,000
+48.3%
Medical building
$825,000
+43.3%
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
$450,000
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$575,000
Current use
COMMERCIAL (GENERAL)
$875,000
Change: +52% · Conversion: Easy
AUTO REPAIR, GARAGE
$850,000
Change: +48% · Conversion: Difficult
MEDICAL BUILDING
$825,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $600k (Jun 15 2025)
Last sale anchor
$600k
Jun 15 2025
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
$106 / 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
$6,908
Tax year 2020
Assessed value
$376,000
Assessed 2023
Previous assessed
$376,000
+0.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$72,400
Assessed improvement
$303,600
Land market value
$72,400
Improvement market value
$303,600
Total market value
$376,000
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
2009
Construction
FRAME
Heating
YES
Buildings
1
Stories
2
Rooms
5
Bathrooms
1
Total area
4,950 SF
Lot
0.04 ac (1,881 SF)
Zoning code
C-3B
APN
040/03094-000-000
UPID
US25-0033849
Jurisdiction
POLK
Zoning & alternative use
C-3B · Des Moines, IA
Zoning C-3B · permitted uses
C-3B · 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
RETAIL STORES Current
Est. value
$575,000
COMMERCIAL (GENERAL)
Est. value
$875,000
AUTO REPAIR, GARAGE
Est. value
$850,000
MEDICAL BUILDING
Est. value
$825,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
2009
Construction
FRAME
Heating
YES
Stories
2
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Eden Co LLC
Entity
Mailing address
1459 GRAND AVE, DES MOINES, IA 50309-3005
Ownership since
2025
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 15, 2025
$600,000
Eden Co LLC
Four Eighteen LLC
Warranty Deed
$480,000 · First Interstate Bank
Oct 5, 2020
—
Liberty Des Moines LLC
—
Deed
related
$1,995,000 · Park Nat'l Bk
Jul 21, 2020
$450,000
Four Eighteen LLC
Eden Baths LLC
Warranty Deed
$452,000 · South Story Bk&tr
Aug 16, 2018
—
Kathryn H Smith
Smith,kathryn H
Quitclaim Deed
related
—
Oct 13, 2016
$800,000
Liberty Des Moines LLC
Liberty Building Historic Reha
Trust Deed
$17,085,000 · Park Nat'l Bk
Nov 30, 2006
$170,000
Eden Baths LLC
Kouri,david A & Jane
Warranty Deed
$127,500 · Iowa State Bank
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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