Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10049 Stark Dr West Des Moines, IA 50266
    Back to Search
    Property profile & analytics

    10049 Stark Dr, West Des Moines, IA 50266

    View on Map
    • Residential income homes
    • 9.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 10049 Stark Dr

    Year built
    2020
    Lot size
    9.00 lot acres
    Property type
    Residential income homes
    Property subtype
    Apartment buildings

    Description

    This exceptional 51-unit multifamily portfolio in West Des Moines, Iowa, presents a compelling investment opportunity. Comprising six, two-story buildings on a nine-acre lot, this Class A property boasts 42,120 square feet of net rentable space and achieved 100% occupancy on August 6, 2024. Built in 2020, the portfolio features a mix of apartment buildings and single-family rental homes, each unit offering high-end finishes including chef's kitchens with upgraded Whirlpool appliances, walk-in pantries, in-suite master baths, walk-in closets, LED recessed lighting, 9-foot ceilings, ceiling fans, and smart HVAC systems. Additional amenities include in-unit laundry, mudrooms with lockers, and full-sized attached two-car garages. Townhomes feature covered porches. The property benefits from a prime location near major employers like Athene, Wells Fargo, and Des Moines University's new medical school campus, and is conveniently situated near Jordan Creek Town Center. The surrounding area showcases affluent demographics with average home values exceeding $500,000 and average household incomes within a one-mile radius reaching $155,000 annually. Currently, rental rates are below market comparables, presenting a significant opportunity to increase revenue as leases are renewed. This fee-simple ownership offers a rare chance to acquire a high-quality, high-performing asset in a thriving West Des Moines market. The property address is 10049 Stark Dr, West Des Moines, IA 50266.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8467
    Latitude
    41.5441

    Comparable in this City

    • Value Estimation
      $905,000
      7,396 SF

      1101 Pr Vw Dr

      APARTMENT HOUSE (UNDER 5 UNITS)
      1101 Pr Vw Dr, West Des Moines, IA 50266-7210
      View Details
    • Value Estimation by Request
      5,280 SF

      4917 Woodland Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      4917 Woodland Ave, West Des Moines, IA 50266-1735
      View Details
    • Value Estimation by Request
      5,280 SF

      4909 Woodland Ave

      APARTMENT HOUSE (UNDER 5 UNITS)
      4909 Woodland Ave, West Des Moines, IA 50266-1734
      View Details
    • Value Estimation
      $2,300,000
      26,436 SF

      3901 Woodland Ave

      APARTMENT HOUSE (5+ UNITS)
      3901 Woodland Ave, West Des Moines, IA 50266-1872
      View Details
    • Value Estimation
      $975,000
      8,419 SF

      225 Pr Vw Dr

      APARTMENT HOUSE (5+ UNITS)
      225 Pr Vw Dr, West Des Moines, IA 50266-7114
      View Details
    • Value Estimation
      $1,400,000
      11,641 SF

      5601 Vis Dr

      APARTMENT HOUSE (5+ UNITS)
      5601 Vis Dr, West Des Moines, IA 50266
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Modern Townhome Community in Iowa

      New 12-unit townhome community with modern amenities.
      302-358 Harmony Ave West Des Moines IA, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      Updated Condo in West Des Moines

      Move-in ready condo with new flooring, windows, and deck.
      4549 Woodland Ave, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      Silver Oaks Condo with Balcony

      Move-in ready condo with new flooring, balcony, and garage.
      8601 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      0.62 Acres

      West Des Moines Residential Land

      Build your dream home in Iowa.
      Plat 1 Timber Knl, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      19,687 SF

      Two-Tenant Retail Asset For Sale

      Two-tenant retail property with long-term leases in West Des Moines.
      6503 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,101 SF

      West Glen Town Center Space

      Upscale mixed-use lifestyle center with retail, office, and entertainment.
      5465 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      3,615 SF

      Class A Office Building For Rent

      Class A office building with convenient I-80 access and signage.
      1045 76Th St, West Des Moines, IA 50266
      View Details
    • $13 SF/Yr
      2,533 SF

      Office Suite Near Jordan Creek

      Office suite for sublease near Jordan Creek Town Center.
      160 South 68Th St, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      Move-in Ready Office Suites Available

      Modern office suites for rent with on-site amenities.
      1200 Vly Dr W, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr
      1,600 SF

      West Des Moines Retail/Office Space

      1,600 SF retail/office space in high-traffic West Des Moines.
      5914 Ashworth Rd, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      34,598 SF

      West Des Moines Office Space

      Office space available in Country Club Office Plaza, West Des Moines.
      7780 Office Plaza Dr S, West Des Moines, IA 50266
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    10049 Stark Dr
    West Des Moines, IA 50266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10049 Stark Dr, West Des Moines, IA, 50266
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!