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Property profile & analytics
FOR SALE
Turn key restaurants
4570 University Ave West Des Moines, IA 50266
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0243111
For Sale
1 / 7
$2,385,000
4570 University Ave, West Des Moines, IA 50266
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Property summary
AI-generated overview
This exceptional 6,916-square-foot freestanding restaurant building is available for sale at $2,495,000. Located at 4570 University Avenue in West Des Moines, Iowa (zip code 50266), this property boasts a prime location on a major thoroughfare. Built in 1998 and recently remodeled, the building features a flat rubber membrane roof and includes 150 parking spaces, as detailed in the Restrictions and Easement Agreement. The sale includes all kitchen equipment, a grease interceptor, and an outdoor patio. This turn-key opportunity offers outstanding access and high visibility, situated amongst a thriving mix of businesses including Barnes & Noble, Chick-fil-A, and several other popular restaurants and retailers. The property enjoys a significant 17,800 vehicle daily pass-by count on University Avenue. This is an ideal location for an established restaurant or a new venture seeking a strong presence in a high-traffic area of West Des Moines. The property is a triple net (NNN) lease. The price per square foot is $360.76.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2012
Construction
STEEL FRAME
Total area
6,916 SF
Lot
0.3 ac (13,112 SF)
Zoning code
PUD OFFICE
APN
320/01438-101-000
UPID
US25-0243111
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
-
El Muchacho Alegre Restaurant
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
Cut Steaks Acquisitions Hand · 21 yrs held
Cut Steaks Acquisitions Hand
since 2005
5 recorded transactions
Zoning & alternative use
PUD OFFICE · West 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 West Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
$57,608
Tax year 2020
Assessed value
$1,740,000
Assessed 2023
Previous assessed
$1,740,000
+0.0% YoY
Effective rate
3.31%
On assessed value
Assessed land
$525,000
Assessed improvement
$1,215,000
Land market value
$525,000
Improvement market value
$1,215,000
Total market value
$1,740,000
Applied tax rate
20.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
2012
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
1
Stories
1
Total area
6,916 SF
Lot
0.3 ac (13,112 SF)
Zoning code
PUD OFFICE
APN
320/01438-101-000
UPID
US25-0243111
Jurisdiction
POLK
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Zoning PUD OFFICE · permitted uses
PUD OFFICE · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2012
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Cut Steaks Acquisitions Hand
Individual
Mailing address
5 SHACKLEFORD PLZ STE #100, LITTLE ROCK, AR 72211-1889
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2017
—
Hand Cut Steaks Acquisitions I
—
Deed
related
$1,600,000 · Centennial Bk
Feb 22, 2005
—
Cut Steaks Acquisitions Hand
Hand Cut Steaks Of Des Moines INC
Quit Claim Deed
related
$12,000,000 · Liberty Bank Arkansas
—
—
Cut Steak Acquisitions I Hand
—
Deed Of Trust
related
$79,264 · Liberty Bank Arkansas
—
—
Cut Steaks Acquisitions Hand
—
Deed Of Trust
related
—
—
—
Hand Cut Steaks Acquisitions I
—
Loan Modification
related
$1,600,000 · Centennial Bk
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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