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Property profile & analytics
OFF-MARKET
Estimated value
$3,565,000
Grocery and convenience stores
6304 9th St Des Moines, IA 50315-5517
Entity Owned
Free & Clear
Property ID
US25-0584997
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
2016
Construction
STEEL FRAME
Total area
6,203 SF
Lot
2 ac (87,120 SF)
Zoning code
PUD
APN
120/02853-004-001
UPID
US25-0584997
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
-
Kum & Go Grocery & Convenience Store
-
Amazon Hub Counter - KUM & GO #0120 Marketing & Advertising IT Consulting Firm
-
Amazon Counter - KUM & GO #0120 Postal Service Courier Service
-
Western Union Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.10M
Blend (final)
Blend
$3.57M
Owner & transaction history
Tfl INC
Tfl INC
since 2025
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
PUD · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The PUD Legacy District is a zoning classification that is no longer accepting new or expanded applications. Only existing PUDs established before a specified effective date continue under this legacy status. These grandfathered districts are governed primarily by their original approval ordinances, conceptual plans, and conditions of approval. Amendments to…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
3,668.41 ac
Source
Realmo
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
$3,560,000
ML approach
$3,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.57M
Range $3.21M – $3.92M · ±10% · vs last sale $3.57M (Sep 1 2020)
Last sale anchor
$3.57M
Sep 1 2020
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
$575 / 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
$96,822
Tax year 2020
Assessed value
$2,988,300
Assessed 2023
Previous assessed
$2,988,300
+0.0% YoY
Effective rate
3.24%
On assessed value
Assessed land
$1,141,800
Assessed improvement
$1,846,500
Land market value
$1,141,800
Improvement market value
$1,846,500
Total market value
$2,988,300
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
2016
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
6,203 SF
Lot
2 ac (87,120 SF)
Zoning code
PUD
APN
120/02853-004-001
UPID
US25-0584997
Jurisdiction
POLK
Zoning & alternative use
PUD · Des Moines, IAZoning PUD · permitted uses
PUD · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The PUD Legacy District is a zoning classification that is no longer accepting new or expanded applications. Only existing PUDs established before a specified effective date continue under this legacy status. These grandfathered districts are governed primarily by their original approval ordinances, conceptual plans, and conditions of approval. Amendments to the development plans for these legacy PUDs are permitted, with a process that varies depending on whether the proposed change is determined to be minor or major in scope.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
3,668.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
2 ac
Current owner
From public records · entity-resolved
Tfl INC
Entity
Free & Clear · 0 yrs held
Mailing address
1459 GRAND AVE, DES MOINES, IA 50309-3005
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 20, 2025
—
Tfl INC
Kum & Go Lc
Deed
related
—
Sep 1, 2020
$3,567,000
Iowa Net One LLC
Bbr Oil IV LLC
Warranty Deed
$2,140,200 · First Fidelity Bank
Dec 15, 2016
—
Bbr Oil IV LLC
—
Deed
related
$3,600,000 · West Bk
Jul 7, 2016
—
Kg Store 120 LLC
—
Deed
related
$3,076,000 · First Nat'l Bk/omaha
Oct 3, 2012
$900,000
Kum Lc
4 G Properties LLC
Warranty Deed
—
Mar 14, 2012
—
4 G Properties LLC
—
Grant Deed
related
$1,224,000 · Ge Capital Financial INC
Aug 7, 2007
$74,100
4g Properties LLC
Hardees Food Systems INC
Deed Of Trust
$9,350,000 · General Electric Capital Corp
May 26, 2006
$120,500
Hardees Food Systems INC
Us Bank NA
Grant Deed
—
May 26, 2006
$408,000
Hardees Food Systems INC
Remdee Corp
Grant Deed
—
—
—
Kg Store 120 LLC
—
Deed Of Trust
related
$3,076,000 · First Nat'l Bk/omaha
—
—
Bbr Oil IV LLC
—
Deed Of Trust
related
$3,600,000 · West Bk
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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