Property profile

1501 Ofc Park Rd West Des Moines, IA 50265

OFF-MARKET
Assisted living facilities
Property ID
US25-0364156
78,374 SF 6.8 ac lot Built 1975
Entity Owned 5-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Assisted living facilities
Use group HOMES (RETIRED, NURSING)
Year built 1975
Construction FRAME
Total area 78,374 SF
Lot 6.8 ac (296,208 SF)
Zoning code RH
APN 320/02724-036-001
UPID US25-0364156

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1501 Ofc Park Rd West Des Moines, IA 50265-2497
West Des Moines metro Census 11111 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.33M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.83M

Owner & transaction history

since 2021
Last sale
$4.0M
1 recorded transaction
2021
$4.0M

Zoning & alternative use

RH · West Des Moines, IA
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 maximu…

General category RESIDENTIAL
Top alternative use upside
Retail stores $5.7M +179.4%
Industrial (general) $5.3M +161.6%
Warehouse, storage $5.0M +145.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1501 Ofc Park Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message