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Property profile & analytics
OFF-MARKET
Estimated value
$5,750,000
Assisted living facilities
5608 9th St Des Moines, IA 50315-5003
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-0204469
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1975
Construction
STEEL FRAME
Total area
28,912 SF
Lot
1.86 ac (80,804 SF)
Zoning code
C-2
APN
120/03371-002-000
UPID
US25-0204469
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
-
Christina Aguilar Physician
-
Nadia Clark Physician
-
Genesis Senior Living Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.75M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.75M
Owner & transaction history
Skywalk Health Holdings LLC · 1 yrs held
Skywalk Health Holdings LLC
since 2024
Last sale
$5.8M
7 recorded transactions
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.9M
+417.6%
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
$5,750,000
ML approach
$5,750,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,870,000
Change: +418% · Conversion: Difficult
Blend value · Realmo final
$5.75M
Range $5.18M – $6.33M · ±10% · vs last sale $5.75M (Aug 8 2024)
Last sale anchor
$5.75M
Aug 8 2024
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
$199 / 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
$70,988
Tax year 2020
Assessed value
$2,410,000
Assessed 2023
Previous assessed
$2,410,000
+0.0% YoY
Effective rate
2.95%
On assessed value
Assessed land
$513,000
Assessed improvement
$1,897,000
Land market value
$513,000
Improvement market value
$1,897,000
Total market value
$2,410,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
28,912 SF
Lot
1.86 ac (80,804 SF)
Zoning code
C-2
APN
120/03371-002-000
UPID
US25-0204469
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IA
Zoning C-2 · permitted uses
C-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.9M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1975
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Skywalk Health Holdings LLC
Entity
Mailing address
477 N LINDBERGH BLVD STE #310, SAINT LOUIS, MO 63141-7856
Ownership since
2024
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
Aug 8, 2024
$5,750,000
Skywalk Health Holdings LLC
Tzvi Realty LLC
Warranty Deed
$5,750,000 · Standard Bearer Healthcare Reit INC
Aug 6, 2024
—
Skywalk Health Holdings LLC
Tzvi Realty LLC
Warranty Deed
—
Oct 27, 2020
—
Tzvi Realty LLC
—
Deed
related
$15,623,000 · Merchants Bk/in
Jun 30, 2016
—
Tzvi Realty LLC
—
Deed
related
$10,186,457 · Great Western Bank
Jun 30, 2014
—
Tzvi Realty LLC
—
Grant Deed
related
$9,500,000 · Greystone Svcg
Sep 28, 2011
$2,844,000
Tzvi Realty LLC
Perry Health Care Center INC
Deed Of Trust
$9,815,000 · Regions Bank
—
—
Perry Health Care Center INC
—
Deed Of Trust
related
$1,450,000 · First American Bank
—
—
Tzvi Realty LLC
—
Deed Of Trust
related
$15,623,000 · Merchants Bk/in
—
—
Tzvi Realty LLC
—
Deed Of Trust
related
$919,000 · Merchants Bk/in
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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