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Property profile & analytics
OFF-MARKET
Warehouses
500 Shaw St Des Moines, IA 50309-5248
Individually Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0189264
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1996
Construction
STEEL FRAME
Total area
6,955 SF
Lot
0.39 ac (16,800 SF)
Zoning code
M-1
APN
040/01431-005-000
UPID
US25-0189264
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
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
David Michael Knight · 12 yrs held
David Michael Knight
since 2013
7 recorded transactions
Zoning & alternative use
M-1 · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$13,380
Tax year 2023
Assessed value
$423,000
Assessed 2024
Previous assessed
$423,000
+0.0% YoY
Effective rate
3.16%
On assessed value
Assessed land
$73,900
Assessed improvement
$349,100
Land market value
$73,900
Improvement market value
$349,100
Total market value
$423,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1996
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Total area
6,955 SF
Lot
0.39 ac (16,800 SF)
Zoning code
M-1
APN
040/01431-005-000
UPID
US25-0189264
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IAZoning M-1 · permitted uses
M-1 · 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
1996
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
David Michael Knight
Individual
Mailing address
32383 CORTE SAN VINCENTE, TEMECULA, CA 92592-6355
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2024
—
David Michael Knight
—
Deed
related
$650,000 · United Republic Bank
Oct 24, 2022
—
David Michael Knight
—
Deed
related
$150,000 · United Republic Bank
Jul 20, 2020
—
David Michael Knight
—
Deed
related
$132,466 · United Republic Bank
Aug 2, 2013
$200,500
David Michael Knight
Liberty Bank Fsb
Special Warranty Deed
$101,924 · United Republic Bank
Nov 28, 2011
—
Liberty Bk Fsb
Scott Street Ents Lc
Quit Claim Deed
related
—
—
—
David M Knight
—
Loan Modification
related
$156,081 · United Republic Bk
—
—
Scott Street Ents Lc
—
Deed Of Trust
related
$68,360 · Liberty Federal Savings Bank
—
—
Scott Street Ents Lc
—
Deed Of Trust
related
$1,730,000 · First National Bank Midwest
—
—
Scott Street Ents Lc
—
Deed Of Trust
related
$211,000 · Corporation/economic Dev/des M
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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