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Property profile & analytics
FOR SALE
Residential income homes
612 Bancroft St Des Moines, IA 50315
Entity Owned
5-yr Hold
Property ID
US25-0192184
For Sale
1 / 15
$610,000
612 Bancroft St, Des Moines, IA 50315
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1950
Construction
FRAME
Total area
1,750 SF
Lot
0.19 ac (8,350 SF)
Zoning code
R-4
APN
010/03068-000-000
UPID
US25-0192184
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$620k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
E & M Properties LLC · 5 yrs held
E & M Properties LLC
since 2021
Last sale
$572,500
4 recorded transactions
Zoning & alternative use
R-4 · 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
$670,000
ML approach
$620,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$610k
Range $549k – $671k · ±10% · vs last sale $573k (Jun 14 2021)
Last sale anchor
$573k
Jun 14 2021
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
$349 / 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
$4,158
Tax year 2020
Assessed value
$151,000
Assessed 2023
Previous assessed
$151,000
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$26,300
Assessed improvement
$124,700
Land market value
$26,300
Improvement market value
$124,700
Total market value
$151,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1950
Construction
FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Units
3
Rooms
5
Bathrooms
2
Total area
1,750 SF
Lot
0.19 ac (8,350 SF)
Zoning code
R-4
APN
010/03068-000-000
UPID
US25-0192184
Jurisdiction
POLK
Zoning & alternative use
R-4 · Des Moines, IA
Zoning R-4 · permitted uses
R-4 · 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.
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Units
3
Rooms
5
Bathrooms
2
Lot
0.19 ac
Current owner
From public records · entity-resolved
E & M Properties LLC
Entity
Mailing address
16014 N VLY DR, URBANDALE, IA 50323-2674
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
$572,500
E & M Properties LLC
Dsm Housing LLC
Warranty Deed
$458,000 · United Bank Of Iowa
Dec 21, 2016
$425,000
Dsm Housing LLC
Ice Properties LLC
Intrafamily Transfer
related
—
Jul 27, 2016
—
Ice Properties LLC
—
Trustees Deed
related
$40,000 · Ivysun Capital LLC
Jan 4, 2016
—
Ice Properties LLC
—
Trustees Deed
related
$216,000 · Stamps Investments LLC
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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