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Property profile & analytics
FOR LEASE
Office buildings
1045 76Th St West Des Moines, IA 50266
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0364634
For Lease
1 / 14
$17 SF/Yr
1045 76Th St, West Des Moines, IA 50266
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Property summary
AI-generated overview
The Depot Building, located at 1045 76th St, West Des Moines, IA 50266, offers a diverse range of premium office spaces for lease. This four-story, Class A building boasts a total of 29,271 square feet, currently featuring 1,701 square feet of immediately available space. The building caters to various business needs, accommodating executive offices, coworking spaces, medical offices, and creative office setups. Multiple tenancies are available, providing flexibility for businesses of all sizes. The building's prime location in the West Des Moines submarket offers excellent accessibility and visibility. Parking is readily available, with a ratio of approximately four spaces per 1,000 square feet. The available space ranges from 1,275 to 1,701 square feet, presenting an ideal opportunity for businesses seeking modern, efficient, and well-located office accommodations in the thriving Jordan Creek area. Interested parties are encouraged to inquire about lease terms and available spaces. This is a unique opportunity to secure high-quality office space in a desirable West Des Moines location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
32,908 SF
Lot
2.13 ac (92,782 SF)
APN
1602477011
UPID
US25-0364634
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
-
Catalina D'achiardi-Ressler, PHD Physician Medical Clinic
-
North Risk Partners Insurance Agency
-
Truenorth Companies Lc Insurance Agency
-
Skin Iowa, PC Medical Clinic Skin Care Clinic
-
Schooler Medical Professionals Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.73M
Owner & transaction history
Mdm Equity-2013 LLC · 11 yrs held
Mdm Equity-2013 LLC
since 2014
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.2M
+9.6%
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
OFFICE BUILDING
$4,700,000
Current use
AUTO REPAIR, GARAGE
$5,150,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,010,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±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
$113 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$143,178
Tax year 2022
Assessed value
$5,586,330
Assessed 2023
Previous assessed
$4,702,130
+18.8% YoY
Effective rate
2.56%
On assessed value
Assessed land
$742,260
Assessed improvement
$4,844,070
Land market value
$742,260
Improvement market value
$4,844,070
Total market value
$5,586,330
Applied tax rate
690,000.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2005
Heating
NONE
Stories
4
Total area
32,908 SF
Lot
2.13 ac (92,782 SF)
APN
1602477011
UPID
US25-0364634
Jurisdiction
DALLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$5.2M
WAREHOUSE, STORAGE
Est. value
$4.0M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2005
Heating
NONE
Stories
4
Lot
2.13 ac
Current owner
From public records · entity-resolved
Mdm Equity-2013 LLC
Entity
Mailing address
5000 WESTOWN PKWY STE #400, WEST DES MOINES, IA 50266-5921
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
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
Sep 30, 2014
$5,800,000
Mdm Equity-2013 LLC
Depot I LLC
Grant Deed
related
$5,875,000 · Freedom Fin'l Bk
—
—
Depot I LLC
—
Deed Of Trust
related
$1,000,000 · Liberty Federal Savings Bank
—
—
Depot I LLC
—
Deed Of Trust
related
$1,000,000 · Central State Bank
—
—
Depot I LLC
—
Deed Of Trust
related
$584,792 · Central 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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