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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail properties & Spaces
915 14th Ct Des Moines, IA 50317-1013
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0232141
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2014
Construction
FRAME
Total area
6,080 SF
Lot
0.48 ac (21,120 SF)
Zoning code
C-2
APN
040/02594-001-000
UPID
US25-0232141
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
-
Capitol City Towing & Recovery Auto Repair Shop
-
Advanced Engineering Engineer
-
Abk Automotive Service Auto Repair Shop
-
Capitol City Automotive Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$550k
Owner & transaction history
Cit Holdings Des Moines LLC · 2 yrs held
Cit Holdings Des Moines LLC
since 2024
Last sale
$550,000
3 recorded transactions
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$895,000
+85.0%
Retail stores
$705,000
+45.9%
Commercial (general)
$625,000
+29.0%
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
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
$485,000
Current use
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: +85% · Conversion: Difficult
RETAIL STORES
$705,000
Change: +46% · Conversion: Difficult
COMMERCIAL (GENERAL)
$625,000
Change: +29% · Conversion: Difficult
WAREHOUSE, STORAGE
$560,000
Change: +15% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jan 26 2024)
Last sale anchor
$550k
Jan 26 2024
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
$90 / 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
$8,204
Tax year 2020
Assessed value
$411,000
Assessed 2023
Previous assessed
$411,000
+0.0% YoY
Effective rate
2.00%
On assessed value
Assessed land
$22,300
Assessed improvement
$388,700
Land market value
$22,300
Improvement market value
$388,700
Total market value
$411,000
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Rooms
5
Bathrooms
1
Total area
6,080 SF
Lot
0.48 ac (21,120 SF)
Zoning code
C-2
APN
040/02594-001-000
UPID
US25-0232141
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
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
Est. value
$485,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
RETAIL STORES
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$560,000
SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
2014
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.48 ac
Current owner
From public records · entity-resolved
Cit Holdings Des Moines LLC
Entity
Mailing address
2019 E LINCOLN WAY, AMES, IA 50010-6547
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2024
$550,000
Cit Holdings Des Moines LLC
Capitol Holdings LLC
Warranty Deed
$497,657 · Availa Bank
Mar 3, 2020
$250,000
Capitol Holdings LLC
Arlene Schall
Warranty Deed
$252,193 · Earlham Savings Bank
—
—
Jackob Schall
—
Deed Of Trust
related
$525,000 · Great Western Bank
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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