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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
4923 Merle Hay Rd Des Moines, IA 50322-1968
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0194856
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2016
Construction
FRAME
Total area
2,940 SF
Lot
1.32 ac (57,369 SF)
Zoning code
GC
APN
310/00532-001-000
UPID
US25-0194856
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
-
Tobacco Outlet Plus Groceries (Bike/Boat/Book/etc) Store
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
Kwik Trip INC · 7 yrs held
Kwik Trip INC
since 2019
3 recorded transactions
Zoning & alternative use
GC · 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
$31,170
Tax year 2020
Assessed value
$1,421,300
Assessed 2023
Previous assessed
$1,421,300
+0.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$849,500
Assessed improvement
$571,800
Land market value
$849,500
Improvement market value
$571,800
Total market value
$1,421,300
Applied tax rate
13.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Bathrooms
2
Total area
2,940 SF
Lot
1.32 ac (57,369 SF)
Zoning code
GC
APN
310/00532-001-000
UPID
US25-0194856
Jurisdiction
POLK
Zoning & alternative use
GC · Des Moines, IAZoning GC · permitted uses
GC · 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
2016
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
2
Lot
1.32 ac
Current owner
From public records · entity-resolved
Kwik Trip INC
Entity
Free & Clear · 7 yrs held
Mailing address
1626 OAK ST, LA CROSSE, WI 54603-2308
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 12, 2019
$980,500
Kwik Trip INC
Kimberley Props INC
Warranty Deed
—
Sep 30, 2016
$1,125,000
Kwik Trip INC
Jimmerson,melvis & Marsha K
Warranty Deed
—
—
—
Melvis Jimmerson
—
Deed Of Trust
related
$960,000 · West Bank
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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