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Property profile & analytics
OFF-MARKET
Estimated value
$3,525,000
Investment properties
6280 14th St Des Moines, IA 50313-1211
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0416618
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2022
Construction
STEEL FRAME
Total area
27,200 SF
Lot
4.84 ac (210,613 SF)
Zoning code
LI
APN
270/02467-131-000
UPID
US25-0416618
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
-
Ag Express Electronics Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.29M
Comparable Approach
Comparable
$2.70M
Blend (final)
Blend
$3.53M
Owner & transaction history
Ag Express Electronics INC · 4 yrs held
Ag Express Electronics INC
since 2022
1 recorded transaction
Zoning & alternative use
LI · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.7M
+66.0%
Medical building
$4.5M
+60.5%
Restaurant
$4.2M
+48.8%
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%
$4,640,000
6.5%
$4,285,000
7%
$3,980,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,820,000
Current use
AUTO REPAIR, GARAGE
$4,685,000
Change: +66% · Conversion: Difficult
MEDICAL BUILDING
$4,525,000
Change: +60% · Conversion: Easy
RESTAURANT
$4,200,000
Change: +49% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,005,000
Change: +42% · Conversion: Moderate
RETAIL STORES
$3,160,000
Change: +12% · Conversion: Easy
WAREHOUSE, STORAGE
$2,945,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$3.53M
Range $3.17M – $3.88M · ±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
$130 / 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
$24,916
Tax year 2020
Assessed value
$2,900,000
Assessed 2023
Previous assessed
$2,900,000
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$285,000
Assessed improvement
$2,615,000
Land market value
$285,000
Improvement market value
$2,615,000
Total market value
$2,900,000
Applied tax rate
8.0000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
3
Total area
27,200 SF
Lot
4.84 ac (210,613 SF)
Zoning code
LI
APN
270/02467-131-000
UPID
US25-0416618
Jurisdiction
POLK
Zoning & alternative use
LI · Des Moines, IA
Zoning LI · permitted uses
LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.5M
RESTAURANT
Est. value
$4.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.0M
RETAIL STORES
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.9M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
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
2022
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
4.84 ac
Current owner
From public records · entity-resolved
Ag Express Electronics INC
Entity
Mailing address
6280 NE 14TH ST, DES MOINES, IA 50313-1211
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Ag Express Electronics INC
—
Deed
related
$2,000,000 · Bankers Trust Company NA
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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