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Property profile & analytics
OFF-MARKET
Estimated value
$150,000
Commercial real estate
810 Park Ave Des Moines, IA 50315-2405
Individually Owned
3-yr Hold
Free & Clear
Property ID
US25-0398068
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1970
Construction
STEEL FRAME
Total area
19,224 SF
Lot
0.93 ac (40,712 SF)
Zoning code
R1-60
APN
010/02932-000-000
UPID
US25-0398068
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
-
Indianola Heights Christian Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$190k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$150k
Owner & transaction history
Iglesia Apostolica Efesios 2 20 Sen · 3 yrs held
Iglesia Apostolica Efesios 2 20 Sen
since 2022
Last sale
$165,000
2 recorded transactions
Zoning & alternative use
R1-60 · Des Moines, IA
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
$150,000
ML approach
$190,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$150k
Range $135k – $165k · ±10% · vs last sale $165k (Oct 18 2022)
Last sale anchor
$165k
Oct 18 2022
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
$8 / 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
$310,000
Assessed 2023
Previous assessed
$310,000
+0.0% YoY
Assessed land
$86,100
Assessed improvement
$223,900
Land market value
$86,100
Improvement market value
$223,900
Total market value
$310,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1970
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
2
Total area
19,224 SF
Lot
0.93 ac (40,712 SF)
Zoning code
R1-60
APN
010/02932-000-000
UPID
US25-0398068
Jurisdiction
POLK
Zoning & alternative use
R1-60 · Des Moines, IAZoning R1-60 · permitted uses
R1-60 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1970
Construction
STEEL FRAME
Heating
CENTRAL
Stories
2
Buildings
1
Lot
0.93 ac
Current owner
From public records · entity-resolved
Iglesia Apostolica Efesios 2 20 Sen
Individual
Free & Clear · 3 yrs held
Mailing address
28 FREDERICK AVE, BAY SHORE, NY 11706-3051
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 18, 2022
$165,000
Iglesia Apostolica Efesios 2 20 Sen
Indianola Heights Christian Church
Warranty Deed
—
Apr 6, 2018
$124,000
Angela M Hughes
Indianola Hts Ch
Warranty Deed
$121,754 · Fidelity 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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