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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Specialty properties
4270 6th Dr, Des Moines, IA 50313-2710
Entity Owned
~
Est. High Equity
Property ID
US25-0301548
Property profile
Verified
Property type
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Year built
2008
Construction
FRAME
Total area
8,028 SF
Lot
0.78 ac (33,977 SF)
Zoning code
MDR
APN
270/00993-002-000
UPID
US25-0301548
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
-
Highland Park Animal Hospital Veterinary Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$562k
Blend (final)
Blend
$750k
Owner & transaction history
Triple Circle L Limited Co
Triple Circle L Limited Co
since 2025
Last sale
$845,000
6 recorded transactions
Zoning & alternative use
MDR · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$920,000
+7.1%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
VETERINARY, ANIMAL HOSPITAL
$860,000
Current use
RESTAURANT
$920,000
Change: +7% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $845k (Dec 23 2025)
Last sale anchor
$845k
Dec 23 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
$93 / 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
$11,854
Tax year 2020
Assessed value
$639,000
Assessed 2023
Previous assessed
$639,000
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$61,600
Assessed improvement
$577,400
Land market value
$61,600
Improvement market value
$577,400
Total market value
$639,000
Applied tax rate
8.0000
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
Specialty properties
Use group
VETERINARY, ANIMAL HOSPITAL
Status
Off-Market
Year built
2008
Construction
FRAME
Heating
PACKAGE
Buildings
1
Stories
1
Total area
8,028 SF
Lot
0.78 ac (33,977 SF)
Zoning code
MDR
APN
270/00993-002-000
UPID
US25-0301548
Jurisdiction
POLK
Zoning & alternative use
MDR · Des Moines, IA
Zoning MDR · permitted uses
MDR · 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
VETERINARY, ANIMAL HOSPITAL Current
Est. value
$860,000
RESTAURANT
Est. value
$920,000
AUTO REPAIR, GARAGE
Est. value
$735,000
VETERINARY, ANIMAL HOSPITAL Current
RESTAURANT
AUTO REPAIR, GARAGE
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
2008
Construction
FRAME
Heating
PACKAGE
Stories
1
Buildings
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Triple Circle L Limited Co
Entity
Mailing address
7097 NW 5TH CT, ANKENY, IA 50023-9548
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
Dec 23, 2025
$845,000
Triple Circle L Limited Co
Michael J Forret
Warranty Deed
$676,000 · Fifth Third Bank NA
Apr 17, 2024
—
Michael J Forret
—
Deed
related
$232,580 · Bankers Trust Company NA
Mar 14, 2019
—
Michael J Forret
—
Deed
related
$232,560 · Bankers Tr
Mar 23, 2004
$238,000
Michael J Forret
Hawkins Greenhouse & Flower Sh
Grant Deed
—
—
—
Michael J Forret
—
Deed Of Trust
related
$232,560 · Bankers Tr
—
—
Michael Forret
—
Deed Of Trust
related
$256,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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