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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Hotels
5220 14th St Des Moines, IA 50313-2006
Entity Owned
Free & Clear
Property ID
US25-2540417
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1964
Construction
FRAME
Total area
51,325 SF
Lot
3.14 ac (136,778 SF)
Zoning code
GC
APN
270/00375-000-000
UPID
US25-2540417
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
-
Budget Inn & suites Hotel & Motel
-
extend a suites - Des Moines Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$735k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Iowa Equity Exchange Prkg 3504 LLC
Iowa Equity Exchange Prkg 3504 LLC
since 2026
5 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
Method
Estimation
Statistic approach
by Request
ML approach
$735,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$22 / SF
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
$27,872
Tax year 2020
Assessed value
$1,010,000
Assessed 2023
Previous assessed
$1,010,000
+0.0% YoY
Effective rate
2.76%
On assessed value
Assessed land
$454,000
Assessed improvement
$556,000
Land market value
$454,000
Improvement market value
$556,000
Total market value
$1,010,000
Applied tax rate
8.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1964
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
95
Rooms
4
Bathrooms
1
Total area
51,325 SF
Lot
3.14 ac (136,778 SF)
Zoning code
GC
APN
270/00375-000-000
UPID
US25-2540417
Jurisdiction
POLK
Zoning & alternative use
GC · Des Moines, IA
Zoning 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
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1964
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
95
Rooms
4
Bathrooms
1
Lot
3.14 ac
Current owner
From public records · entity-resolved
Iowa Equity Exchange Prkg 3504 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
5220 NE 14TH ST, DES MOINES, IA 50313-2006
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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
May 6, 2026
$2,295,641
Iowa Equity Exchange Prkg 3504 LLC
Prasad INC
Deed
—
Oct 2, 2017
—
Prasad INC
—
Deed
related
$1,290,000 · Clear Lake Bk&tr
Feb 12, 2009
—
Prasad INC
—
Deed Of Trust
related
$1,528,601 · Clear Lake Bank & Trust Co
Mar 12, 2008
$1,000,000
Prasad INC
Black Hawk Fidelity Corp
Grant Deed
$1,300,000 · Clear Lake Bank & Trust Co
—
—
Prasad INC
—
Loan Modification
related
$1,290,000 · Clear Lake Bk&tr
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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