Financial
Distress signals
Property profile

7001 Westown Pkwy West Des Moines, IA 50266

FOR LEASE
Office buildings
Property ID
US25-0235348
415,636 SF 28.12 ac lot Built 2000
Last sale Dec 2023 · $16,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The Atlas Building is a Class A mixed-use property in West Des Moines, providing 425,000 square feet of space across six floors and configured to support multi-tenant leasing. The building is located along the University Avenue and Westown Parkway corridor, with frontage on these roadways and estimates of more than 47,000 vehicles passing daily. The property’s positioning along a high-traffic corridor supports business visibility.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$1.95M
Tax billed · 2022
Assessed value · 2023$73.24M
Assessed land$8.58M
Assessed improvement$64.66M
Effective rate2.67%

Value estimate

· Sep 2026
$14.17M
$12.75M – $15.58M
NOI build-up
Gross scheduled income$1.56M
Vacancy & credit loss−$313k
Operating expenses−$313k
NOI · 5,535,398.23% cap applied$938k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$143/SF
County average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$71 – $237

Cap rate analysis

How does the asset earn?
5,535,398.23%
$938k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDALLAS

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop20.3
Building Supply19.1
Wholesale Shop16.6

Location

7001 Westown Pkwy West Des Moines, IA 50266
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6000 Westown, West Des Moines, IA 50266-7711 $16,650,000 Feb 2025 131,664 SF
6701 Westown, West Des Moines, IA 50266-7704 $429,000 Jun 2023 63,502 SF
140 68th, West Des Moines, IA 50266-8487 $3,350,000 Mar 2022 20,912 SF
6600 Westown, West Des Moines, IA 50266-7707 $600,000 Feb 2021 80,440 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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