Technical
Financial
Distress signals
Property profile

611 37th St Des Moines, IA 50312

OFF-MARKET
Turn key restaurants
Property ID
US25-0195070
4,012 SF 0.19 ac lot Built 1988
Individually Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Construction FRAME
Total area 4,012 SF
Lot 0.19 ac (8,217 SF)
Zoning code NPC
APN 090/06075-000-000
UPID US25-0195070

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Restaurant

Location

611 37th St Des Moines, IA 50312-3305
Des Moines metro Census 2900 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$150k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2025
Last sale
$150,000
3 recorded transactions
2025
$150,000
2024
$150,000
2007
Price N/A

Zoning & alternative use

NPC · Des Moines, IA

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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