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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Grocery and convenience stores
6120 Douglas Ave Des Moines, IA 50322-3308
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US25-2580635
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2010
Construction
FRAME
Total area
3,880 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C-2
APN
100/02899-004-000
UPID
US25-2580635
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
-
Casey's Grocery & Convenience Store
-
CDReload - Online Bitcoin ATM Crypto Atm Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$345k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$514k
Blend (final)
Blend
$520k
Owner & transaction history
Traviss Family Investments LLC · 18 yrs held
Traviss Family Investments LLC
since 2008
3 recorded transactions
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$670,000
+115.3%
Medical building
$645,000
+108.1%
Retail stores
$450,000
+45.2%
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
$345,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$670,000
Change: +115% · Conversion: Difficult
MEDICAL BUILDING
$645,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$450,000
Change: +45% · Conversion: Easy
WAREHOUSE, STORAGE
$355,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$350,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$134 / 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
$56,392
Tax year 2020
Assessed value
$1,868,000
Assessed 2023
Previous assessed
$1,868,000
+0.0% YoY
Effective rate
3.02%
On assessed value
Assessed land
$785,500
Assessed improvement
$1,082,500
Land market value
$785,500
Improvement market value
$1,082,500
Total market value
$1,868,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
3,880 SF
Lot
1.55 ac (67,518 SF)
Zoning code
C-2
APN
100/02899-004-000
UPID
US25-2580635
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
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$670,000
MEDICAL BUILDING
Est. value
$645,000
RETAIL STORES
Est. value
$450,000
WAREHOUSE, STORAGE
Est. value
$355,000
COMMERCIAL (GENERAL)
Est. value
$350,000
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
2010
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Lot
1.55 ac
Current owner
From public records · entity-resolved
Traviss Family Investments LLC
Entity
Mailing address
PO BOX 54288, LEXINGTON, KY 40555-4288
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2008
—
Traviss Family Investments LLC
Traviss Tv & Electronics INC
Quit Claim Deed
—
Mar 2, 2007
$500,000
Robert J Conley Family Lc
Coinco
Warranty Deed
—
—
—
Coinco
—
Deed Of Trust
related
$450,000 · 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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