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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Car washes
426 Army Post Rd Des Moines, IA 50315-5826
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-2470051
Property profile
Verified
Property type
Car washes
Use group
CAR WASH
Year built
2002
Construction
FRAME
Total area
4,592 SF
Lot
0.79 ac (34,597 SF)
Zoning code
C-2
APN
120/05211-004-000
UPID
US25-2470051
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
-
Ultimate Auto Wash Car Wash
-
Splish Splash Laundromat (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$538k
Blend (final)
Blend
$835k
Owner & transaction history
Tristen Snyder · 1 yrs held
Tristen Snyder
since 2024
Last sale
$833,500
7 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
$835,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$790,000
Current use
MEDICAL BUILDING
$765,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$835k
Range $752k – $919k · ±10% · vs last sale $834k (Sep 9 2024)
Last sale anchor
$834k
Sep 9 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
$182 / 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
$7,866
Tax year 2020
Assessed value
$333,000
Assessed 2023
Previous assessed
$333,000
+0.0% YoY
Effective rate
2.36%
On assessed value
Assessed land
$220,000
Assessed improvement
$113,000
Land market value
$220,000
Improvement market value
$113,000
Total market value
$333,000
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
Car washes
Use group
CAR WASH
Status
Off-Market
Year built
2002
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Buildings
1
Stories
1
Total area
4,592 SF
Lot
0.79 ac (34,597 SF)
Zoning code
C-2
APN
120/05211-004-000
UPID
US25-2470051
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
$790,000
MEDICAL BUILDING
Est. value
$765,000
AUTO REPAIR, GARAGE Current
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
2002
Construction
FRAME
Heating
FLOOR/WALL FURNACE
Stories
1
Buildings
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Tristen Snyder
Individual
Mailing address
5218 PANORAMA TER, PANORA, IA 50216-8606
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
$833,500
Tristen Snyder
Nmi Hospitality INC
Warranty Deed
—
Sep 9, 2024
$751,000
Nmi Hospitality INC
Dkn Investments LLC
Warranty Deed
—
Sep 9, 2024
—
Spectrum Capital Management LLC
—
Deed
related
$3,750,000 · Northwest Bank
Oct 15, 2013
$160,000
Dkn Investments LLC
Community Busn Lndrs LLC
Warranty Deed
$324,870 · Iowa State Bank
Mar 22, 2013
$300,000
Community Busn Lndrs LLC
Sheriff Of Polk County
Trustees Deed
—
—
—
Splish Splash Auto Bath INC
—
Deed Of Trust
related
$486,109 · First American Bank
—
—
Dkn Investments LLC
—
Loan Modification
related
$191,000 · Iowa St Bk
—
—
Dkn Investments LLC
—
Deed Of Trust
related
$139,000 · Corporation/economic Dev/des M
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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