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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Medical Office Space
717 Lyon St Des Moines, IA 50309-5458
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-2500886
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2006
Construction
STEEL FRAME
Total area
14,380 SF
Lot
2.46 ac (107,201 SF)
Zoning code
C-2
APN
040/03804-001-001
UPID
US25-2500886
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
-
Eastside Surgery Center Medical Clinic Hospital
-
Surgery Centers of Iowa Medical Clinic Hospital
-
Wilden Clinic Pediatrician Physician
-
LISA VIGUE Physician
-
Stephen Feltz Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.70M
CAP Approach
CAP
$2.57M
Comparable Approach
Comparable
$2.80M
Blend (final)
Blend
$2.61M
Owner & transaction history
Uci Holdings LLC · 3 yrs held
Uci Holdings LLC
since 2023
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+6.1%
Auto repair, garage
$2.5M
+3.5%
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
$2,835,000
ML approach
$2,695,000
CAP Approach
CAP Return
Estimation
6%
$2,780,000
6.5%
$2,565,000
7%
$2,380,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,395,000
Current use
COMMERCIAL (GENERAL)
$2,540,000
Change: +6% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,475,000
Change: +3% · Conversion: Difficult
RESTAURANT
$2,220,000
Change: -7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,115,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±10% · vs last sale $2.50M (Mar 16 2023)
Last sale anchor
$2.50M
Mar 16 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
$182 / 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
$117,748
Tax year 2020
Assessed value
$2,500,000
Assessed 2023
Previous assessed
$2,500,000
+0.0% YoY
Effective rate
4.71%
On assessed value
Assessed land
$934,000
Assessed improvement
$1,566,000
Land market value
$934,000
Improvement market value
$1,566,000
Total market value
$2,500,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2006
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
1
Total area
14,380 SF
Lot
2.46 ac (107,201 SF)
Zoning code
C-2
APN
040/03804-001-001
UPID
US25-2500886
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IA
Zoning 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
Des Moines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.5M
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
2006
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
1
Lot
2.46 ac
Current owner
From public records · entity-resolved
Uci Holdings LLC
Entity
Mailing address
12129 UNIVERSITY AVE #200, CLIVE, IA 50325-8287
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2023
$2,500,000
Uci Holdings LLC
Mentzer Properties IV LLC
Warranty Deed
$4,900,000 · West Bank
Sep 25, 2018
—
Ladco Props Xxvi LLC
—
Deed
related
$1,920,000 · Great Wstn Bk
Oct 2, 2012
—
Mentzer Properties IV LLC
Mentzer,linda L & Robert L
Quit Claim Deed
related
—
Aug 14, 2008
$25,000
Ladco Properties Xxvi LLC
Mentzer,linda
Quit Claim Deed
related
—
May 9, 2008
$370,000
Jerry L Witmer
Ladco Properties Xxvi LLC
Warranty Deed
—
Nov 21, 2006
$230,000
Linda L Mentzer
Ladco Properties Xxvi LLC
Warranty Deed
—
Nov 3, 2006
$100,000
Linda L Mentzer
Ladco Properties Xxvi LLC
Warranty Deed
—
Sep 21, 2005
—
Ladco Properties Xxvi LLC
—
Trustees Deed
related
$1,938,854 · West Bank
Sep 2, 2005
$1,050,000
Ladco Properties Xxvi LLC
West Glen Medical LLC
Warranty Deed
$1,004,146 · West Bank
Aug 3, 2005
$1,050,000
West Glen Medical LLC
Sheriff Of Polk County
Trustees Deed
—
—
—
Ladco Properties Xxvi LLC
—
Deed Of Trust
related
$2,700,000 · Ohio National Life Ins Co
—
—
Ladco Props Xxvi LLC
—
Deed Of Trust
related
$1,920,000 · Great Wstn 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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