Entity Owned Property summary
AI-generated overview
This exceptional Des Moines investment opportunity presents a multi-tenant retail property at 4425 Hubbell Ave, situated on a 0.693-acre lot in Polk County, Iowa (zip code 50317). The property, built in 1990 and renovated in 2020, encompasses 4,400 square feet across two single-story buildings. Currently operating at 100% occupancy since October 26, 2022, this property offers a compelling 6.50% cap rate. The asking price is $725,000. The property is zoned MX3, allowing for flexible uses, including auto shop, daycare, and storefront operations. The building features a well-finished interior, including office, showroom, and training room spaces, along with a 900 square foot heated and cooled warehouse area complete with a drive-in door. This location benefits from high daily traffic counts (13,100 vehicles), and its proximity to Altoona, Highway 69, and I-80 ensures excellent accessibility. The property's diverse tenant mix contributes to its strong performance and stable income stream. This is an owner-user opportunity with a Net Net Net (NNN) lease type. The property's location within a developing retail and light industrial area promises continued growth and value appreciation.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1947
Construction
FRAME
Total area
4,400 SF
Lot
0.69 ac (30,179 SF)
Zoning code
A-1
APN
060/00780-006-000
UPID
US25-0325584
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
-
HVAC Service General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$275k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$275k
Owner & transaction history
since 2025
4 recorded transactions
Zoning & alternative use
A-1 · Des Moines, IA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$275k
Value range
$248k – $303k
±10% around blend
Estimated value / SF
$63 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$248k
blend $275k
$303k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,400 SF
Lot area
0.69 ac
Year built
1947
Stories
1
APN
060/00780-006-000
Zoning
A-1
Assessed value
$383,000
Annual tax
$8,558
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$275k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 123 sales
$92
-32%
County 215 sales
$85
-27%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $63/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$383k
Move the market yield to see immediate price impact.
Value / SF
$87
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$24k
$483k
$345k
$268k
$27k
$536k
$383k
$298k
$29k
$590k
$421k
$328k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,558
Tax year 2023
Assessed value
$383,000
Assessed 2024
Previous assessed
$197,000
+94.4% YoY
Effective rate
2.23%
On assessed value
Assessed land
$93,400
Assessed improvement
$289,600
Land market value
$93,400
Improvement market value
$289,600
Total market value
$383,000
Applied tax rate
3.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
4,400 SF
Lot
0.69 ac (30,179 SF)
Zoning code
A-1
APN
060/00780-006-000
UPID
US25-0325584
Jurisdiction
POLK
Zoning & alternative use
A-1 · Des Moines, IAZoning A-1 · permitted uses
A-1 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1947
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
0.69 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
A-1
Jurisdiction
Des Moines, IA
Recorded code
A-1
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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