Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$4,035,000
Hotels
6111 Fleur Dr Des Moines, IA 50321-2851
Entity Owned
7-yr Hold
Free & Clear
Property ID
US25-0145383
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
STEEL FRAME
Total area
178,721 SF
Lot
7.4 ac (322,431 SF)
Zoning code
C-2
APN
120/01729-003-000
UPID
US25-0145383
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
-
Iowa Empowerment Conference Conference Center Trade Show Venue
-
ATM Atm
-
Holiday Inn Des Moines-Airport/Conf Center, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.99M
Blend (final)
Blend
$4.04M
Owner & transaction history
Fleur De Lis Motor Inns INC · 7 yrs held
Fleur De Lis Motor Inns INC
since 2019
7 recorded transactions
Zoning & alternative use
C-2 · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.04M
Range $3.63M – $4.44M · ±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
$23 / 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
$303,166
Tax year 2020
Assessed value
$7,340,000
Assessed 2023
Previous assessed
$7,340,000
+0.0% YoY
Effective rate
4.13%
On assessed value
Assessed land
$2,730,000
Assessed improvement
$4,610,000
Land market value
$2,730,000
Improvement market value
$4,610,000
Total market value
$7,340,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
10
Total area
178,721 SF
Lot
7.4 ac (322,431 SF)
Zoning code
C-2
APN
120/01729-003-000
UPID
US25-0145383
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IAZoning 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
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
CENTRAL
Stories
10
Buildings
1
Lot
7.4 ac
Current owner
From public records · entity-resolved
Fleur De Lis Motor Inns INC
Entity
Free & Clear · 7 yrs held
Mailing address
6111 FLEUR DR, DES MOINES, IA 50321-2851
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2024
—
Fleur De Lis Motor Inns INC
—
Deed
related
$6,870,780 · West Bank
Feb 6, 2019
—
Fleur De Lis Motor Inns INC
Riconda,john R & Teresa
Warranty Deed
related
—
Jan 18, 2019
—
Fleur De Lis Motor Inns INC
Pyle,william L & Dorothy R
Warranty Deed
—
Sep 19, 2013
—
Fleur De Lis Motor Inns INC
—
Trustees Deed
related
$3,000,000 · West Bank
May 22, 2007
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$63,873 · Bayerische Hypo-und Vereinsban
—
—
Mw Cell Reit 1 LLC
—
Deed Of Trust
related
—
—
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$19,477 · Bayerische Hypo-und Vereinsban
—
—
Fleur De Lis Motor Inns INC
—
Deed Of Trust
related
—
—
—
Fleur De Lis Motor Inns INC
—
Deed Of Trust
related
$55,000 · Linda R Harrold
—
—
Fleur De Lis Motor Inns INC
—
Deed Of Trust
related
$55,000 · Loretta K Durden
—
—
Mw Cell Reit 1 LLC
—
Deed Of Trust
related
—
—
—
Mw Cell Reit 1 LLC
—
Deed Of Trust
related
—
—
—
Wcp Wireless Lease Subsidiary
—
Deed Of Trust
related
$36,282 · Bayerische Hypo-und Vereinsban
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 6111 Fleur Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
