Technical
Financial
Distress signals
Property profile

434 Locust St Des Moines, IA 50309

OFF-MARKET
Turn key restaurants
Property ID
US25-2576989
3,585 SF 0.03 ac lot Built 1950
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1950
Construction FRAME
Total area 3,585 SF
Lot 0.03 ac (1,200 SF)
Zoning code C-3B
APN 040/01838-000-000
UPID US25-2576989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Atm

Location

434 Locust St Des Moines, IA 50309-1910
Des Moines metro Census 5102 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$260k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$260k

Owner & transaction history

since 2015
5 recorded transactions
2018
Price N/A
2015
$190,000
2015
Price N/A
2010
Price N/A
2005
$190,000

Zoning & alternative use

C-3B · Des Moines, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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