Back to Search
Property profile & analytics
FOR SALE
Commercial real estate
6300 Hickman Rd Des Moines, IA 50324
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-2314751
For Sale
1 / 20
$950,000
6300 Hickman Rd, Des Moines, IA 50324
View Listing →
Property summary
AI-generated overview
Exceptional investment opportunity: a thriving Mammoth Car Wash in Windsor Heights, Iowa. This fee-simple property boasts a substantial 4,808 square-foot building situated on a 2.07-acre lot at 6300 Hickman Road, zip code 50324. The property is currently operating at 100% occupancy under a 20-year triple-net (NNN) lease, providing significant long-term stability and minimal landlord responsibilities. The lease commenced upon closing and features annual rent of $350,000 with a 1.5% annual increase, resulting in a compelling 7.00% cap rate. The tenant, Mammoth Car Wash (with over 130 locations), provides a strong corporate guarantee. Further enhancing the investment potential are four, five-year renewal options, extending the lease term for an additional 20 years. Built in 2024, this property offers significant bonus depreciation advantages. This is a turnkey investment with exceptional returns and long-term growth potential. The property is located in Polk County, Iowa.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.07 ac (90,169 SF)
APN
292/02001-001-004
UPID
US25-2314751
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
$945k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$950k
Owner & transaction history
Quiktrip Corp · 9 yrs held
Quiktrip Corp
since 2016
Last sale
$950,000
5 recorded transactions
Zoning & alternative use
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
$890,000
ML approach
$945,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±10% · vs last sale $950k (Mar 31 2023)
Last sale anchor
$950k
Mar 31 2023
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
—
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
$25,730
Tax year 2020
Assessed value
$763,100
Assessed 2023
Previous assessed
$763,100
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$763,000
Assessed improvement
$100
Land market value
$763,000
Improvement market value
$100
Total market value
$763,100
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Sale
Heating
NONE
Lot
2.07 ac (90,169 SF)
APN
292/02001-001-004
UPID
US25-2314751
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
2.07 ac
Current owner
From public records · entity-resolved
Quiktrip Corp
Entity
Free & Clear · 9 yrs held
Mailing address
1610 S MINNESOTA AVE, SIOUX FALLS, SD 57105-1744
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 19, 2016
$1,353,000
Quiktrip Corp
Hurd Windsor LLC
Warranty Deed
—
Jan 15, 2015
—
Hurd Windsor LLC
Hurd Land Co LLC
Quit Claim Deed
related
—
Jan 5, 2015
$1,233,000
Knapp Windsor LLC
Hurd Land Co LLC
Warranty Deed
—
Dec 20, 2013
—
Hurd Land Co LLC
City Of Windsor Heights Iowa
Grant Deed
related
—
Dec 31, 2009
$965,000
City Of Windsor Heights Iowa
Krueger Properties LLC
Warranty Deed
—
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?”
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.
