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Property profile & analytics
OFF-MARKET
Estimated value
$3,010,000
Hotels
160 Jordan Crk Pkwy West Des Moines, IA 50266-8138
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US25-0197576
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2004
Total area
94,657 SF
Lot
2.66 ac (115,826 SF)
APN
1613100015
UPID
US25-0197576
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
-
Christopher's Fine Jewelry (Bike/Boat/Book/etc) Store
-
Tropical Smoothie Cafe Restaurant
-
Profile by Sanford West Des Moines Weight Loss Service
-
Premiere Dance Project Training Center
-
Teriyaki Madness Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.01M
Owner & transaction history
Jordan Creek Town Center LLC · 12 yrs held
Jordan Creek Town Center LLC
since 2013
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
APARTMENT HOUSE (5+ UNITS)
$3,140,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±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
$32 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$326,898
Tax year 2022
Assessed value
$11,963,870
Assessed 2023
Previous assessed
$10,660,070
+12.2% YoY
Effective rate
2.73%
On assessed value
Assessed land
$1,853,220
Assessed improvement
$10,110,650
Land market value
$1,853,220
Improvement market value
$10,110,650
Total market value
$11,963,870
Applied tax rate
690,000.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2004
Heating
NONE
Stories
1
Total area
94,657 SF
Lot
2.66 ac (115,826 SF)
APN
1613100015
UPID
US25-0197576
Jurisdiction
DALLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.1M
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
2004
Heating
NONE
Stories
1
Lot
2.66 ac
Current owner
From public records · entity-resolved
Jordan Creek Town Center LLC
Entity
Mailing address
PO BOX 3487, CHICAGO, IL 60654-0482
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2017
—
W2005/fargo Hotels Pool C Re
—
Grant Deed
related
$960,000,000 · Jp Morgan Chase Bk
Dec 4, 2013
—
Jordan Creek Town Center LLC
Ggp Jordan Creek LLC
Quit Claim Deed
related
$220,000,000 · J P Morgan Chase Bank
May 31, 2013
—
Fargo Hotels Pool C Re W2005
—
Deed Of Trust
related
$775,000,000 · Citigroup Global Markets Realt
Jun 9, 2011
—
Fargo Hotels Pool C Re W2005
—
Deed Of Trust
related
$725,000,000 · German American Capital Corp
Jan 13, 2010
—
Ggp Jordan Creek LLC
—
Deed Of Trust
related
$22,500,000 · J P Morgan Chase Com'l Mtg Sec
May 3, 2006
—
Fargo Hotels Pool C Re W2005
—
Deed Of Trust
related
$671,778,015 · Barclays Capital R E INC
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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