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Property profile & analytics
OFF-MARKET
Estimated value
$3,215,000
Commercial real estate
1425 Fuller Rd West Des Moines, IA 50265-5143
Individually Owned
24-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2555795
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2000
Construction
STEEL FRAME
Total area
25,680 SF
Lot
4.11 ac (179,075 SF)
Zoning code
GI
APN
320/03912-001-007
UPID
US25-2555795
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
-
Cook Plumbing Corporation Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.91M
Comparable Approach
Comparable
$2.61M
Blend (final)
Blend
$3.22M
Owner & transaction history
M Lc
M Lc
2 recorded transactions
Zoning & alternative use
GI · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+56.1%
Auto repair, garage
$4.0M
+40.8%
Apartment house (5+ units)
$3.9M
+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%
$4,235,000
6.5%
$3,910,000
7%
$3,630,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,835,000
Current use
RESTAURANT
$4,420,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,990,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,885,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$3,875,000
Change: +37% · Conversion: Easy
RETAIL STORES
$2,995,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,530,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.22M
Range $2.89M – $3.54M · ±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
$125 / 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
$55,348
Tax year 2020
Assessed value
$2,570,000
Assessed 2023
Previous assessed
$2,570,000
+0.0% YoY
Effective rate
2.15%
On assessed value
Assessed land
$742,000
Assessed improvement
$1,828,000
Land market value
$742,000
Improvement market value
$1,828,000
Total market value
$2,570,000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
25,680 SF
Lot
4.11 ac (179,075 SF)
Zoning code
GI
APN
320/03912-001-007
UPID
US25-2555795
Jurisdiction
POLK
Zoning & alternative use
GI · West Des Moines, IA
Zoning GI · permitted uses
GI · 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
$2.8M
RESTAURANT
Est. value
$4.4M
AUTO REPAIR, GARAGE
Est. value
$4.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.9M
MEDICAL BUILDING
Est. value
$3.9M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2000
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
4.11 ac
Current owner
From public records · entity-resolved
M Lc
Individual
Mailing address
9154 MOONSEED CT, WEST DES MOINES, IA 50266-2163
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
M Lc
—
Deed Of Trust
related
$906,745 · Us Bank NA
—
—
M Lc
—
Deed Of Trust
related
$775,000 · West 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.
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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