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    1000 73 St West Des Moines, IA 50265
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    Property profile & analytics

    1000 73 St, West Des Moines, IA 50265

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    • Investment properties
    • 1,775 SF
    • 0.14 lot acres
    For Sale
    $560,000
    View Listing →
    Remodeled Class A Office Space For Sale
    $560,000
    3,550 SF

    Remodeled Class A Office Space

    Class A office space remodeled in 2022, great location.

    1000 73rd St, West Des Moines, IA
    View Listing
    Property ID
    US25-0087205
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1000 73 St

    Year built
    1981
    Construction
    STEEL FRAME
    Lot size
    0.14 lot acres
    Zone code
    PCP
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    320/04928-165-968
    APU
    32004928165968

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 2, 2025 — Decatur County Properties LLC Brooke Farm LLC Deed · related —
    Jan 10, 2023 — Darla K Brandsfield Trust Darla K Brandsfield Intrafamily Transfer · related —
    Jun 10, 2022 $280,000 Earl Greyacre LLC O E Johnson & Son Co Warranty Deed $350k · Finwise Bank
    Jun 10, 2022 — Earl Greyacre LLC — Deed · related $350k · Finwise Bank
    Jan 4, 2021 — Yaxiong Zhang Michael J Hart Md PC Deed · related —
    Nov 24, 2020 $96,000 Yang Yaxiong Michael J Hart Warranty Deed —
    Sep 28, 2020 $106,000 Kck Invs LLC Energy Solution Builders LLC Quitclaim Deed —
    Jul 16, 2020 — Chandler LLC Heatherwood LLC Warranty Deed · related —
    Mar 21, 2019 $90,000 Broke Water LLC Trust Brooke Farm LLC Warranty Deed —
    Jul 5, 2018 $122,500 Brooke Farm LLC Metabank Warranty Deed —
    Jun 26, 2018 — Regency Ia L L C — Deed · related $364k · Earlham Savings Bank
    Mar 28, 2018 $70,000 Ldd Enterprises INC Lance W Rom Warranty Deed $53k · Central State Bank
    Oct 20, 2017 — Regency Ia LLC Desertcrest Ok LLC Quitclaim Deed · related —
    May 9, 2017 $180,000 Metabank Sheriff Of Polk County|allied Technologies Lc Trust Deed —
    Dec 30, 2016 — Westgate 30 LLC Ruisch,randall J & Patti S Quitclaim Deed · related —
    May 4, 2016 — Allied Technologies Lc — Trust Deed · related $50k · Elmwood Holdings LLC
    Dec 11, 2009 $58,000 Robert J Bransfield Wells Fargo Bk NA Warranty Deed —
    — — Robert J Brandsfield — Deed Of Trust · related $71k · West Bank
    — — Bs Investments LLC — Deed Of Trust · related $107k · First American Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7188
    Latitude
    41.5965
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $2,390
    $42,600
    $106,400
    $149,000
    -
    $42,600
    $106,400
    $149,000

    Comparable in this City

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      $825,000
      6,212 SF

      536 19th St

      OFFICE/RESIDENTIAL (MIXED USE)
      536 19th St, West Des Moines, IA 50265-5540
      View Details
    • Value Estimation
      $3,390,000
      24,472 SF

      315 5th St

      OFFICE/RESIDENTIAL (MIXED USE)
      315 5th St, West Des Moines, IA 50265-4656
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    • Value Estimation
      $1,220,000
      14,850 SF

      1816 Fuller Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      1816 Fuller Rd, West Des Moines, IA 50265-5526
      View Details
    • Value Estimation
      $765,000
      5,252 SF

      95 11th St

      OFFICE/RESIDENTIAL (MIXED USE)
      95 11th St, West Des Moines, IA 50265-4459
      View Details
    • Value Estimation by Request
      3,100 SF

      112 5th St

      OFFICE/RESIDENTIAL (MIXED USE)
      112 5th St, West Des Moines, IA 50265-4716
      View Details
    • Value Estimation
      $2,070,000
      17,509 SF

      2001 Westown Pkwy

      OFFICE/RESIDENTIAL (MIXED USE)
      2001 Westown Pkwy, West Des Moines, IA 50265-1540
      View Details

    Similar Nearby for Sale

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      4,209 SF

      Valley Junction Mixed-Use Opportunity

      Two meticulously maintained buildings with retail and office spaces.
      324 1St St, West Des Moines, IA 50265
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      2,472 SF

      Valley Junction Owner-User Opportunity

      Office building with finished basement near Valley Junction.
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      West Des Moines Land Parcel

      2.67-acre site in high-traffic West Des Moines corridor.
      3535 Westown Pkwy, West Des Moines, IA 50265
      View Details
    • New
      $299,000
      0.53 Acres

      Residential Land in West Des Moines

      Residential land available in West Des Moines' newest community.
      26 SE Falcon Ln, West Des Moines, IA 50265
      View Details
    • New
      $185,000
      0.38 Acres

      Residential Land in West Des Moines

      Residential land in a desirable West Des Moines location.
      21 SE Oriole Ct, West Des Moines, IA 50265
      View Details
    • New
      $155,000
      0.30 Acres

      Residential Land in West Des Moines

      Residential land in a desirable West Des Moines community.
      12 SE Oriole Ct, West Des Moines, IA 50265
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      825 SF

      Updated Office Space in Iowa

      West Des Moines office space with recent updates and ample parking.
      1501 42Nd St, West Des Moines, IA 50265
      View Details
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      76,800 SF

      Warehouse with Interstate Access

      Under construction warehouse with convenient interstate access for transportation and logistics.
      4500 SE Army Post Rd, West Des Moines, IA 50265
      View Details
    • Contact for pricing

      Office/Medical Suites For Rent

      Office and medical suites available in West Des Moines, Iowa.
      1031 Office Park Rd, West Des Moines, IA 50265
      View Details
    • Contact for pricing

      Valley Junction Development Ground Lease

      Development ground lease in Valley Junction with high visibility.
      332 5Th St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      24,136 SF

      Historical Building in Valley Junction

      Remodeled historical building suitable for restaurant, entertainment, or brewery.
      111 South 11Th St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      2,572 SF

      West Des Moines Office Space

      Versatile office space in high-traffic West Des Moines corridor.
      1701 22Nd St, West Des Moines, IA 50265
      View Details
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    1000 73 St
    West Des Moines, IA 50265
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    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.

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