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Property profile & analytics
OFF-MARKET
Estimated value
$4,010,000
Investment properties
7401 Us Hwy 69, Des Moines, IA 50320
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US25-0343727
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1995
Construction
STEEL FRAME
Total area
31,545 SF
Lot
3.75 ac (163,350 SF)
Zoning code
C-2
APN
120/07408-005-001
UPID
US25-0343727
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
by Request
CAP Approach
CAP
$4.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.01M
Owner & transaction history
Outreach INC · 13 yrs held
Outreach INC
since 2013
6 recorded transactions
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+67.7%
Medical building
$5.3M
+62.1%
Restaurant
$4.9M
+50.3%
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%
$5,380,000
6.5%
$4,970,000
7%
$4,615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$3,240,000
Current use
AUTO REPAIR, GARAGE
$5,430,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$5,250,000
Change: +62% · Conversion: Easy
RESTAURANT
$4,870,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,645,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$3,665,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$2,900,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$4.01M
Range $3.61M – $4.41M · ±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
$127 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$2,430,000
Assessed 2023
Previous assessed
$2,430,000
+0.0% YoY
Assessed land
$335,000
Assessed improvement
$2,095,000
Land market value
$335,000
Improvement market value
$2,095,000
Total market value
$2,430,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Total area
31,545 SF
Lot
3.75 ac (163,350 SF)
Zoning code
C-2
APN
120/07408-005-001
UPID
US25-0343727
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
COMMERCIAL (GENERAL) Current
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.3M
RESTAURANT
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
RETAIL STORES
Est. value
$3.7M
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
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Lot
3.75 ac
Current owner
From public records · entity-resolved
Outreach INC
Entity
Mailing address
PO BOX 361, UNION, IA 50258-0361
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2017
—
Outreach INC
—
Deed
related
$500,000 · Hammer Management Systems INC
Mar 25, 2013
—
Outreach INC
Chop Ents INC
Grant Deed
related
—
—
—
Outreach INC
—
Loan Modification
related
$500,000 · Hammer Management Systems INC
—
—
Artcraft INC
—
Deed Of Trust
related
$870,495 · Bank Of The West
—
—
Outreach INC
—
Loan Modification
related
$500,000 · Hammer Management Systems INC
—
—
Outreach INC
—
Loan Modification
related
$500,000 · Hammer Management Systems INC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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