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Property profile & analytics
FOR SALE
Medical Office Space
4919 Douglas Ave Des Moines, IA 50310
Entity Owned
3-yr Hold
Free & Clear
Property ID
US25-0278069
For Sale
1 / 108
Contact for pricing
4919 Douglas Ave, Des Moines, IA 50310
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Property summary
AI-generated overview
This Des Moines, Iowa office building at 4919 Douglas Avenue offers a fantastic opportunity for businesses seeking flexible space. The property, totaling 7,260 square feet, is classified as Class C and was built in 1985. Currently, there are multiple tenants, with 550 square feet of vacant space immediately available. The vacant space is located on the second floor and comprises three individual offices, two of which include private restrooms. The building sits on a 1.46-acre lot and is zoned MX1. A significant portion of the first floor (nearly 2,000 square feet) is also available for lease
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1985
Construction
FRAME
Total area
8,460 SF
Lot
1.46 ac (63,510 SF)
Zoning code
R1-60
APN
100/07431-000-000
UPID
US25-0278069
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
-
Young General Dental Dental Office
-
Goodrich John DDS Dental Office
-
Jerry's Barber Shop Barber Shop
-
Exposure Talent Employment Agency
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
Fam Rental Properties LLC · 3 yrs held
Fam Rental Properties LLC
since 2022
Last sale
$390,000
5 recorded transactions
Zoning & alternative use
R1-60 · 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
$18,966
Tax year 2020
Assessed value
$603,000
Assessed 2023
Previous assessed
$603,000
+0.0% YoY
Effective rate
3.15%
On assessed value
Assessed land
$208,000
Assessed improvement
$395,000
Land market value
$208,000
Improvement market value
$395,000
Total market value
$603,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
8,460 SF
Lot
1.46 ac (63,510 SF)
Zoning code
R1-60
APN
100/07431-000-000
UPID
US25-0278069
Jurisdiction
POLK
Zoning & alternative use
R1-60 · Des Moines, IAZoning R1-60 · permitted uses
R1-60 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Fam Rental Properties LLC
Entity
Free & Clear · 3 yrs held
Mailing address
302 SCOTT CT, IOWA CITY, IA 52245-3951
Ownership since
2022
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
Dec 1, 2022
—
Fam Rental Properties LLC
Philip E Young
Warranty Deed
—
Dec 1, 2022
$390,000
Fam Rental Properties LLC
Professional Park Young
Warranty Deed
$395,000 · Hills Bank And Trust Co
Jun 24, 2019
—
8860 Northpark Drive LLC
—
Deed
related
$300,000 · Central Bk
Nov 26, 2018
—
Young Prof Pk
Young R/e & Reinvestment INC
Quit Claim Deed
related
—
—
—
8860 Northpark Drive LLC
—
Deed Of Trust
related
$300,000 · Central 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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