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Property profile & analytics
FOR LEASE
Office buildings
1055 Jordan Creek Pkwy West Des Moines, IA 50266
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0281058
For Lease
1 / 4
$16.95 SF/Yr
1055 Jordan Creek Pkwy, West Des Moines, IA 50266
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Property summary
AI-generated overview
Brickstone, located at 1055 Jordan Creek Parkway in West Des Moines, Iowa, offers executive office space in a multi-story building within the Country Club Office Plaza. Built in 2006, this property boasts a total of 31,304 square feet, with multiple tenancy options available. Individual suites range from a minimum of 2,237 square feet to a maximum contiguous space of 4,158 square feet. The building enjoys excellent visibility and accessibility along Jordan Creek Parkway, providing convenient access to Interstate 80, major roadways, downtown Des Moines, and the Des Moines International Airport. Tenants benefit from a wealth of amenities, including a private fiber network, a wellness and conference center, an on-site daycare facility, walking trails, and professional on-site property management. The strategic location also places tenants near a variety of restaurants, banks, and shopping centers, including the prominent Jordan Creek Town Center. This property presents a compelling opportunity for businesses seeking modern, well-appointed office space in a thriving West Des Moines business district within Polk County, zip code 50266.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2006
Total area
33,066 SF
Lot
2.53 ac (110,206 SF)
APN
1601351003
UPID
US25-0281058
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
-
Williams & Company P.C. Accounting Firm Tax Preparation
-
HairClub Hair Salon
-
Settle Up Real Estate Agency
-
Todd Jay Smothers Physician
-
Sono Bello Des Moines Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.39M
Blend (final)
Blend
$3.45M
Owner & transaction history
Brickstone Building LLC
Brickstone Building LLC
1 recorded transaction
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
$4,725,000
Current use
AUTO REPAIR, GARAGE
$5,175,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,030,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±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
$104 / 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
$130,944
Tax year 2022
Assessed value
$4,672,360
Assessed 2023
Previous assessed
$4,305,370
+8.5% YoY
Effective rate
2.80%
On assessed value
Assessed land
$991,860
Assessed improvement
$3,680,500
Land market value
$991,860
Improvement market value
$3,680,500
Total market value
$4,672,360
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
2006
Heating
NONE
Stories
2
Total area
33,066 SF
Lot
2.53 ac (110,206 SF)
APN
1601351003
UPID
US25-0281058
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
2006
Heating
NONE
Stories
2
Lot
2.53 ac
Current owner
From public records · entity-resolved
Brickstone Building LLC
Entity
Mailing address
1080 JORDAN CRK PKWY STE #200, WEST DES MOINES, IA 50266-6004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Brickstone Building LLC
—
Deed Of Trust
related
$4,200,000 · Miscellaneous Ins Co
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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