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Property profile & analytics
OFF-MARKET
Estimated value
$1,185,000
Medical Office Space
1455 29th St West Des Moines, IA 50266-1302
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US25-0231577
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2019
Construction
STEEL FRAME
Total area
11,204 SF
Lot
1.9 ac (82,633 SF)
Zoning code
PUD OFFICE
APN
320/02826-883-000
UPID
US25-0231577
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
-
ENT CLINIC OF IOWA PC Medical Clinic
-
Simonson Jill Medical Clinic
-
Pargeon Curtis Physician
-
Lynch Valerie Medical Clinic
-
Andersen April 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
$1.19M
Owner & transaction history
Cf Des Moines LLC · 7 yrs held
Cf Des Moines LLC
since 2019
7 recorded transactions
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.9M
+14.0%
Auto repair, garage
$1.7M
+2.9%
Apartment house (5+ units)
$1.7M
+0.3%
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
MEDICAL BUILDING
$1,690,000
Current use
RESTAURANT
$1,930,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,740,000
Change: +3% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,695,000
Change: +0% · Conversion: Moderate
Blend value · Realmo final
$1.19M
Range $1.07M – $1.30M · ±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
$106 / 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
$74,146
Tax year 2020
Assessed value
$3,050,000
Assessed 2023
Previous assessed
$3,050,000
+0.0% YoY
Effective rate
2.43%
On assessed value
Assessed land
$667,000
Assessed improvement
$2,383,000
Land market value
$667,000
Improvement market value
$2,383,000
Total market value
$3,050,000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
11,204 SF
Lot
1.9 ac (82,633 SF)
Zoning code
PUD OFFICE
APN
320/02826-883-000
UPID
US25-0231577
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
MEDICAL BUILDING Current
Est. value
$1.7M
RESTAURANT
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
MEDICAL BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
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
2019
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
1.9 ac
Current owner
From public records · entity-resolved
Cf Des Moines LLC
Entity
Mailing address
15190 215TH AVE, SPIRIT LAKE, IA 51360-7201
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2019
$6,440,000
Cf Des Moines LLC
1455 29th Street Lc
Warranty Deed
$5,152,000 · First Citizens Bk
Mar 23, 2015
—
1455 29th Street Lc
—
Trustees Deed
related
$1,600,000 · Central Bk
—
—
1455 29th Street Lc
—
Loan Modification
related
$1,600,000 · Central Bk
—
—
1455 29th Street Lc
—
Loan Modification
related
$3,200,000 · Great Western Bank
—
—
1455 29th St Lc
—
Loan Modification
related
$3,450,000 · Great Wstrn Bk
—
—
1455 29th Street Lc
—
Deed Of Trust
related
$1,550,000 · Great Western Bank
—
—
1455 29th Street Lc
—
Deed Of Trust
related
$513,000 · Us Bank NA
—
—
1455 29th Street Lc
—
Deed Of Trust
related
$1,720,000 · Visionbank Of Iowa
—
—
1455 29th Steet Lc
—
Deed Of Trust
related
$897,547 · Northwest Bank
—
—
1455 29th Street Lc
—
Deed Of Trust
related
$1,642,643 · Liberty Federal Savings 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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