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Property profile & analytics
OFF-MARKET
Estimated value
$3,225,000
Investment properties
1011 Ofc Park Rd West Des Moines, IA 50265-2550
Entity Owned
4-yr Hold
Free & Clear
Property ID
US25-0162250
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1999
Construction
STEEL FRAME
Total area
18,666 SF
Lot
8.2 ac (357,192 SF)
Zoning code
PUD OFFICE
APN
320/01156-012-010
UPID
US25-0162250
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.85M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$3.23M
Owner & transaction history
Md Midtown II LLC · 4 yrs held
Md Midtown II LLC
since 2021
7 recorded transactions
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.2M
+56.1%
Auto repair, garage
$2.9M
+40.8%
Apartment house (5+ units)
$2.8M
+37.2%
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%
$3,080,000
6.5%
$2,845,000
7%
$2,640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,060,000
Current use
RESTAURANT
$3,215,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,900,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,825,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$2,820,000
Change: +37% · Conversion: Easy
RETAIL STORES
$2,180,000
Change: +6% · Conversion: Easy
Blend value · Realmo final
$3.23M
Range $2.90M – $3.55M · ±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
$173 / 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
$92,378
Tax year 2020
Assessed value
$3,570,000
Assessed 2023
Previous assessed
$3,570,000
+0.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$1,740,000
Assessed improvement
$1,830,000
Land market value
$1,740,000
Improvement market value
$1,830,000
Total market value
$3,570,000
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
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
2
Stories
1
Total area
18,666 SF
Lot
8.2 ac (357,192 SF)
Zoning code
PUD OFFICE
APN
320/01156-012-010
UPID
US25-0162250
Jurisdiction
POLK
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Zoning PUD OFFICE · permitted uses
PUD OFFICE · 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
$2.1M
RESTAURANT
Est. value
$3.2M
AUTO REPAIR, GARAGE
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.8M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1999
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
2
Lot
8.2 ac
Current owner
From public records · entity-resolved
Md Midtown II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
111 1ST ST NE, MOUNT VERNON, IA 52314-1422
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 1, 2021
—
Md Midtown II LLC
Laurens Rentals LLC
Deed
—
May 10, 2021
$4,550,000
Laurens Rentals LLC
1011 Office Park Road LLC
Warranty Deed
$3,486,897 · Dupaco Community Cu
Feb 27, 2020
—
1011 Office Pk Road LLC
Jarcor LLC
Warranty Deed
—
Nov 6, 2019
—
1011 Office Pk Road LLC
Jarcor LLC
Correction Deed
related
—
Sep 30, 2019
—
1011 Office Pk Road LLC
Jarcor LLC
Warranty Deed
—
Jan 30, 2017
—
Jarcor LLC
Colby Charles I & R Trust 2
Grant Deed
—
Dec 21, 2016
—
Jarcor LLC
—
Deed
related
$3,075,000 · Community State Bank
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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