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Property profile & analytics
FOR SALE
Investment properties
101 Ashworth Rd West Des Moines, IA 50265
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0151511
For Sale
1 / 8
$1,200,000
101 Ashworth Rd, West Des Moines, IA 50265
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1954
Construction
STEEL FRAME
Total area
4,644 SF
Lot
0.64 ac (27,969 SF)
Zoning code
CMC
APN
320/00950-000-000
UPID
US25-0151511
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
-
Glen-Gery Des Moines Masonry Supply Center Building Supply Industrial Manufacturer
-
Sani Enterprise Corporate Office
-
UNA HOMES LLC Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$567k
Blend (final)
Blend
$700k
Owner & transaction history
Sani Enterprises LLC · 5 yrs held
Sani Enterprises LLC
since 2020
Last sale
$710,000
4 recorded transactions
Zoning & alternative use
CMC · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$720,000
+40.8%
Medical building
$700,000
+36.8%
Retail stores
$540,000
+5.8%
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
$820,000
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$510,000
Current use
AUTO REPAIR, GARAGE
$720,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +37% · Conversion: Easy
RETAIL STORES
$540,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$460,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $710k (Dec 17 2020)
Last sale anchor
$710k
Dec 17 2020
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
$151 / 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
$11,836
Tax year 2020
Assessed value
$557,000
Assessed 2023
Previous assessed
$557,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$282,000
Assessed improvement
$275,000
Land market value
$282,000
Improvement market value
$275,000
Total market value
$557,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1954
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
4
Total area
4,644 SF
Lot
0.64 ac (27,969 SF)
Zoning code
CMC
APN
320/00950-000-000
UPID
US25-0151511
Jurisdiction
POLK
Zoning & alternative use
CMC · West Des Moines, IA
Zoning CMC · permitted uses
CMC · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Des Moines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$510,000
AUTO REPAIR, GARAGE
Est. value
$720,000
MEDICAL BUILDING
Est. value
$700,000
RETAIL STORES
Est. value
$540,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$460,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1954
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
4
Buildings
1
Lot
0.64 ac
Current owner
From public records · entity-resolved
Sani Enterprises LLC
Entity
Mailing address
9500 VALDEZ DR, URBANDALE, IA 50322-1321
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2026
—
Alfas Properties LLC
—
Deed
related
$500,000 · Fidelity Bank
Jan 12, 2021
—
Sani Ent LLC
—
Deed
related
$296,000 · Miscellaneous Govt Agcy
Dec 17, 2020
$710,000
Sani Enterprises LLC
Glen Gery Corporation
Warranty Deed
$760,000 · Fidelity Bank
—
—
Sani Ent LLC
—
Deed Of Trust
related
$296,000 · Miscellaneous Govt Agcy
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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