Property profile

623 12th St Des Moines, IA 50309

OFF-MARKET
Banks
Property ID
US25-2416669
4,998 SF 0.26 ac lot Built 2018
Individually Owned 9-yr Hold Free & Clear
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Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2018
Construction FRAME
Total area 4,998 SF
Lot 0.26 ac (11,350 SF)
APN 040/04509-002-003
UPID US25-2416669

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
  • Credit Union
  • Physician

Location

623 12th St Des Moines, IA 50309-5515
Des Moines metro Census 5102 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2017
2 recorded transactions
2017
Price N/A
2016
$485,000

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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