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Property profile & analytics
OFF-MARKET
Estimated value
$645,000
Investment properties
850 18th St Des Moines, IA 50314-1101
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0207980
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1938
Construction
CONCRETE
Total area
5,776 SF
Lot
0.36 ac (15,514 SF)
Zoning code
R-HD
APN
030/00390-001-000
UPID
US25-0207980
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
-
Strength & Stillness Physical Therapy & Wellness Physician
-
True Roots Chiropractic Alternative Medicine Practice
-
Des Moines Prenatal Massage Alternative Medicine Practice Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$635k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$645k
Owner & transaction history
Trc Holdings LLC · 3 yrs held
Trc Holdings LLC
since 2022
Last sale
$650,000
2 recorded transactions
Zoning & alternative use
R-HD · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$995,000
+67.7%
Medical building
$960,000
+62.1%
Restaurant
$890,000
+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
$635,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$595,000
Current use
AUTO REPAIR, GARAGE
$995,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$960,000
Change: +62% · Conversion: Easy
RESTAURANT
$890,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$850,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$670,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$530,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$645k
Range $581k – $710k · ±10% · vs last sale $650k (Dec 12 2022)
Last sale anchor
$650k
Dec 12 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
$112 / 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
$2,890
Tax year 2020
Assessed value
$111,000
Assessed 2023
Previous assessed
$111,000
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$41,200
Assessed improvement
$69,800
Land market value
$41,200
Improvement market value
$69,800
Total market value
$111,000
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
1938
Construction
CONCRETE
Heating
CENTRAL
Buildings
1
Stories
1
Rooms
9
Bathrooms
2
Total area
5,776 SF
Lot
0.36 ac (15,514 SF)
Zoning code
R-HD
APN
030/00390-001-000
UPID
US25-0207980
Jurisdiction
POLK
Zoning & alternative use
R-HD · Des Moines, IA
Zoning R-HD · permitted uses
R-HD · 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
$595,000
AUTO REPAIR, GARAGE
Est. value
$995,000
MEDICAL BUILDING
Est. value
$960,000
RESTAURANT
Est. value
$890,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$850,000
RETAIL STORES
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$530,000
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
1938
Construction
CONCRETE
Heating
CENTRAL
Stories
1
Buildings
1
Rooms
9
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Trc Holdings LLC
Entity
Mailing address
850 18TH ST, DES MOINES, IA 50314-1101
Mailing matches property
Yes
Owner-occupied
Yes
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
Dec 12, 2022
$650,000
Trc Holdings LLC
Electrical Workers Foundation
Warranty Deed
$1,200,000 · Freedom Financial Bank
Nov 5, 2020
—
Electrical Workers Bldg Foun
City Of Ankeny
Quit Claim Deed
related
—
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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