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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Apartment buildings
1180 11th St West Des Moines, IA 50265-2530
Entity Owned
20-yr Hold
Absentee Owner
Property ID
US25-0012891
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
FRAME
Total area
22,491 SF
Lot
4.5 ac (195,933 SF)
Zoning code
RH
APN
320/02724-004-000
UPID
US25-0012891
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.61M
Owner & transaction history
Ccv I LLC · 20 yrs held
Ccv I LLC
since 2005
3 recorded transactions
Zoning & alternative use
RH · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide for a compact residential environment, allowing multi family dwellings of no more than eighteen (18) du or acre. Suffixes shall be used in the RH District to identify the maximum allowed density for the subject property.
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
547.21 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$71 / 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
$121,828
Tax year 2020
Assessed value
$3,338,600
Assessed 2023
Previous assessed
$3,338,600
+0.0% YoY
Effective rate
3.65%
On assessed value
Assessed land
$712,000
Assessed improvement
$2,626,600
Land market value
$712,000
Improvement market value
$2,626,600
Total market value
$3,338,600
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
4
Stories
3
Units
24
Total area
22,491 SF
Lot
4.5 ac (195,933 SF)
Zoning code
RH
APN
320/02724-004-000
UPID
US25-0012891
Jurisdiction
POLK
Zoning & alternative use
RH · West Des Moines, IAZoning RH · permitted uses
RH · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide for a compact residential environment, allowing multi family dwellings of no more than eighteen (18) du or acre. Suffixes shall be used in the RH District to identify the maximum allowed density for the subject property.
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
547.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
4
Units
24
Lot
4.5 ac
Current owner
From public records · entity-resolved
Ccv I 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
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2006
—
Ccv I LLC
—
Deed Of Trust
related
$11,370,000 · Bankers Trust Co
Nov 29, 2005
—
Ccv I LLC
—
Grant Deed
related
$9,562,500 · Regions Bank
Sep 12, 2005
$10,900,000
Ccv I LLC
Dmm Properties LLC
Warranty Deed
—
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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