Entity Owned Property summary
AI-generated overview
This exceptional single-tenant office building, located at 1500 30th Street in West Des Moines, Iowa, offers 9,920 square feet of versatile space. Built in 1985, this two-story building sits on a 2.268-acre lot in Polk County, zip code 50266. The property boasts a substantial office build-out, perfect for a variety of business types, including traditional, executive, and creative office uses. Large windows throughout the building provide ample natural light, creating a bright and inviting work environment. The building features a welcoming lobby, multiple conference rooms, and convenient break areas for employee comfort and productivity. Ample parking is available, ensuring convenient access for employees and clients. Its strategic location provides easy access to major highways and nearby amenities, making it an attractive option for businesses seeking a well-established office corridor. Currently vacant, this property presents a unique opportunity for immediate occupancy, allowing businesses to customize the space to their specific needs. The property is well-maintained and ready for its next chapter. This is an ideal opportunity for businesses seeking a substantial and functional office space in a desirable West Des Moines location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1985
Construction
STEEL FRAME
Total area
9,920 SF
Lot
2.27 ac (98,794 SF)
Zoning code
PCP
APN
320/00648-006-000
UPID
US25-2581683
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Engineering Consultant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$780k
Owner & transaction history
since 2025
Last sale
$850,000
3 recorded transactions
Zoning & alternative use
PCP · West Des Moines, IA
Zoning description
$1f
General category
OPEN_SPACE
Top alternative use upside
Retail stores
$1.2M
+26.6%
Neighborhood: shopping center
$980,000
+7.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$780k
Value range
$702k – $858k
±10% around blend
Estimated value / SF
$79 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
100
Comparable evidence
100
$702k
blend $780k
$858k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
9,920 SF
Lot area
2.27 ac
Year built
1985
Stories
2
APN
320/00648-006-000
Zoning
PCP
Assessed value
$1,280,000
Annual tax
$32,366
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.11M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.9 mi away · 8,000 SF
1.1 mi away · 7,070 SF
2.0 mi away · 9,120 SF
4.4 mi away · 10,132 SF
5.1 mi away · 11,595 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$780k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$92
-15%
Submarket 62 sales
$105
-25%
County 496 sales
$109
-28%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $79/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+27%
vs current-use indication
Neighborhood: Shopping Center
Commercial (general) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$850k
Move the market yield to see immediate price impact.
Value / SF
$86
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$54k
$1.07M
$765k
$595k
$60k
$1.19M
$850k
$661k
$65k
$1.31M
$935k
$727k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$501k
0.9 mi · Apr 2026 · $63/SF
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$32,366
Tax year 2020
Assessed value
$1,280,000
Assessed 2023
Previous assessed
$1,280,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$798,000
Assessed improvement
$482,000
Land market value
$798,000
Improvement market value
$482,000
Total market value
$1,280,000
Applied tax rate
20.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1985
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Rooms
6
Bathrooms
1
Total area
9,920 SF
Lot
2.27 ac (98,794 SF)
Zoning code
PCP
APN
320/00648-006-000
UPID
US25-2581683
Jurisdiction
POLK
Zoning & alternative use
PCP · West Des Moines, IAZoning PCP · permitted uses
PCP · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
$1f
General category
OPEN_SPACE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Rooms
6
Bathrooms
1
Lot
2.27 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PCP
OPEN_SPACE
Jurisdiction
West Des Moines, IA
Recorded code
PCP
Official district
PCP
Official district profile
What the municipal code says about PCP
Zoning description
$1f
General category
OPEN_SPACE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCP in West Des Moines, IA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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