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Property profile & analytics
FOR SALE
Retail space
4309 SW 9Th St Des Moines, IA 50315
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US25-2562505
For Sale
1 / 2
$160,000
4309 SW 9Th St, Des Moines, IA 50315
View Listing →
Property summary
AI-generated overview
This exceptional investment opportunity presents two adjacent buildings totaling 6,000 square feet situated on a 0.31-acre lot at 4309 & 4311 SW 9th Street in Des Moines, Iowa, zip code 50315. The property is zoned RX1 and offers a compelling chance to acquire a portfolio with significant upside. The buildings are separated by a shared driveway/alley and include 10 parking spaces. Building 4309 features two separately metered units with individual entrances. One unit currently has a tenant interested in renewing their lease under new ownership. Building 4311 will be vacant upon sale. Current rental income is below market value, presenting a strong potential for increased revenue and a cap rate approaching 10% with market-rate adjustments. This prime location on the SW 9th corridor offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking immediate cash flow and long-term appreciation in a thriving Des Moines market. The asking price for this portfolio is $530,000.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1952
Construction
FRAME
Total area
3,780 SF
Lot
0.15 ac (6,672 SF)
Zoning code
C-1
APN
120/06681-000-000
UPID
US25-2562505
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
-
Iowa United Professionals Advocacy Group
-
United Electrical Radio & Mach Advocacy Group
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
Kacek Ents LLC · 7 yrs held
Kacek Ents LLC
since 2019
6 recorded transactions
Zoning & alternative use
C-1 · 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 2020Property tax & assessments
Tax year 2020
Tax billed
$1,850
Tax year 2020
Assessed value
$82,200
Assessed 2023
Previous assessed
$82,200
+0.0% YoY
Effective rate
2.25%
On assessed value
Assessed land
$42,300
Assessed improvement
$39,900
Land market value
$42,300
Improvement market value
$39,900
Total market value
$82,200
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
For Sale
Year built
1952
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
3,780 SF
Lot
0.15 ac (6,672 SF)
Zoning code
C-1
APN
120/06681-000-000
UPID
US25-2562505
Jurisdiction
POLK
Zoning & alternative use
C-1 · Des Moines, IA
Zoning C-1 · permitted uses
C-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.
Building & site characteristics
From public records
Year built
1952
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Kacek Ents LLC
Entity
Mailing address
4311 SW 9TH ST, DES MOINES, IA 50315-3960
Ownership since
2019
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
Feb 25, 2019
—
Kacek Ents LLC
Warfield,katie & Craig
Quit Claim Deed
related
—
Oct 30, 2018
—
Kacek Enterprises LLC
—
Deed
related
$250,000 · Us Bank NA
Sep 6, 2013
$125,000
Kacek Ents
May,lana
Quit Claim Deed
related
—
Aug 26, 2013
$125,000
Kacek Ents
Blackledge,haroletta
Quit Claim Deed
related
—
Oct 11, 2010
—
Haroletta W Blackledge
Blackledge,haroletta W
Quit Claim Deed
related
—
Jun 22, 2006
$125,000
Kacek Ents LLC
Blackledge,virgil & Haroletta
Grant Deed
—
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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