Technical
Financial
Distress signals
Property profile

5602 9th St Des Moines, IA 50315

OFF-MARKET
Apartment buildings
Property ID
US25-0444388
29,806 SF 0.62 ac lot Built 2016
Entity Owned 14-yr Hold
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 2016
Construction FRAME
Total area 29,806 SF
Lot 0.62 ac (27,165 SF)
APN 120/03369-001-000
UPID US25-0444388

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5602 9th St Des Moines, IA 50315-5001
Des Moines metro Census 4603 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.82M
Comparable Approach Comparable
$3.29M
Blend (final) Blend
$260k

Owner & transaction history

since 2012
3 recorded transactions
2012
Price N/A
2012
$40,000
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $4.6M +4.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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