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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Investment properties
5694 17th St Des Moines, IA 50313-1616
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US25-2580585
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1977
Construction
STEEL FRAME
Total area
5,000 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HI
APN
270/02467-012-000
UPID
US25-2580585
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
-
Premier Technology (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$790k
Comparable Approach
Comparable
$430k
Blend (final)
Blend
$630k
Owner & transaction history
Shs Properties LLC · 10 yrs held
Shs Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
HI · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$860,000
+66.0%
Medical building
$830,000
+60.5%
Restaurant
$770,000
+48.8%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$855,000
6.5%
$790,000
7%
$730,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$520,000
Current use
AUTO REPAIR, GARAGE
$860,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$830,000
Change: +60% · Conversion: Easy
RESTAURANT
$770,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$735,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$580,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$540,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$126 / 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
$7,276
Tax year 2020
Assessed value
$462,000
Assessed 2023
Previous assessed
$462,000
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$59,800
Assessed improvement
$402,200
Land market value
$59,800
Improvement market value
$402,200
Total market value
$462,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Rooms
8
Bathrooms
2
Total area
5,000 SF
Lot
0.69 ac (30,056 SF)
Zoning code
HI
APN
270/02467-012-000
UPID
US25-2580585
Jurisdiction
POLK
Zoning & alternative use
HI · Des Moines, IA
Zoning HI · permitted uses
HI · 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
COMMERCIAL (GENERAL) Current
Est. value
$520,000
AUTO REPAIR, GARAGE
Est. value
$860,000
MEDICAL BUILDING
Est. value
$830,000
RESTAURANT
Est. value
$770,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$735,000
RETAIL STORES
Est. value
$580,000
WAREHOUSE, STORAGE
Est. value
$540,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
1977
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Rooms
8
Bathrooms
2
Lot
0.69 ac
Current owner
From public records · entity-resolved
Shs Properties LLC
Entity
Mailing address
5730 NE 17TH ST, DES MOINES, IA 50313-1649
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 21, 2015
$350,000
Shs Properties LLC
C & S Properties LLC
Warranty Deed
$250,000 · Northwest Bank
Oct 16, 2013
$300,000
C Lc
Atg Property Management LLC
Warranty Deed
—
Oct 16, 2013
$245,000
Atg Property Management LLC
Elm Trust
Warranty Deed
—
Nov 5, 2010
$245,000
Atg Property Management LLC
Elm Trust
Grant Deed
—
Jun 27, 2007
$224,500
Elm Trust
A Seeding Contractor INC
Corporation Deed
$225,000 · Fidelity Bank
—
—
A-seeding Contractor INC
—
Deed Of Trust
related
$2,000,000 · First Bank
—
—
Elm Trust
—
Deed Of Trust
related
$250,000 · Freedom Financial 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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