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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Retail space
100 5th St West Des Moines, IA 50265-4716
Entity Owned
16-yr Hold
Free & Clear
Property ID
US25-0175654
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Construction
FRAME
Total area
6,125 SF
Lot
0.46 ac (19,938 SF)
Zoning code
VJHB
APN
320/04263-001-000
UPID
US25-0175654
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
-
Flash Screen Printing & Embroidery Textile Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$692k
Blend (final)
Blend
$570k
Owner & transaction history
Steven D Phillips INC · 16 yrs held
Steven D Phillips INC
since 2010
5 recorded transactions
Zoning & alternative use
VJHB · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The historic business district designation shall be utilized to denote the old downtown area of Valley Junction. Uses within this area shall include professional offices, restaurants, bar or restaurants, bars, specialty retail stores, and other personal services. Development of commercial property shall be in conformance with the Valley Junction subarea plan…
Zone name
Valley Junction Historic Business
General category
COMMERCIAL
Zone area
27.55 ac
Source
Realmo
Top alternative use upside
Apartment house (5+ units)
$925,000
+29.8%
Medical building
$925,000
+29.4%
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 West Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$715,000
Current use
APARTMENT HOUSE (5+ UNITS)
$925,000
Change: +30% · Conversion: Difficult
MEDICAL BUILDING
$925,000
Change: +29% · Conversion: Difficult
COMMERCIAL (GENERAL)
$675,000
Change: -5% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$605,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
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
$93 / 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
$16,006
Tax year 2020
Assessed value
$638,100
Assessed 2023
Previous assessed
$638,100
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$638,000
Assessed improvement
$100
Land market value
$638,000
Improvement market value
$100
Total market value
$638,100
Applied tax rate
20.0000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Construction
FRAME
Heating
YES
Buildings
6
Stories
1
Total area
6,125 SF
Lot
0.46 ac (19,938 SF)
Zoning code
VJHB
APN
320/04263-001-000
UPID
US25-0175654
Jurisdiction
POLK
Zoning & alternative use
VJHB · West Des Moines, IAZoning VJHB · permitted uses
VJHB · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The historic business district designation shall be utilized to denote the old downtown area of Valley Junction. Uses within this area shall include professional offices, restaurants, bar or restaurants, bars, specialty retail stores, and other personal services. Development of commercial property shall be in conformance with the Valley Junction subarea plan and historic guidelines.
Zone name
Valley Junction Historic Business
General category
COMMERCIAL
Zone area
27.55 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$715,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$925,000
MEDICAL BUILDING
Est. value
$925,000
COMMERCIAL (GENERAL)
Est. value
$675,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$605,000
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1970
Construction
FRAME
Heating
YES
Stories
1
Buildings
6
Lot
0.46 ac
Current owner
From public records · entity-resolved
Steven D Phillips INC
Entity
Free & Clear · 16 yrs held
Mailing address
511 RAILROAD AVE, WEST DES MOINES, IA 50265-4726
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 16, 2010
—
Steven D Phillips INC
Phillips,steven D
Quit Claim Deed
related
—
Apr 23, 2010
—
Steven D Phillips
Phillips James W
Quit Claim Deed
related
—
Feb 21, 2008
—
Steven Phillips
Phillips,james
Quit Claim Deed
related
—
Nov 26, 2007
—
Steven Phillips
Phillips,james
Quit Claim Deed
related
—
May 1, 2006
—
Steven Phillips
Phillips,james
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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