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Property profile & analytics
OFF-MARKET
Apartment buildings
1616 Vine St West Des Moines, IA 50265-4331
Entity Owned
20-yr Hold
Free & Clear
Property ID
US25-0380840
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
FRAME
Total area
7,560 SF
Lot
0.55 ac (24,000 SF)
Zoning code
SF-VJ
APN
320/01396-000-000
UPID
US25-0380840
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ahart Ents LLC · 20 yrs held
Ahart Ents LLC
since 2006
2 recorded transactions
Zoning & alternative use
SF-VJ · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to recognize and encourage the existing and unique residential neighborhood in Valley Junction as a neighborhood of single family dwellings with a typical lot size of six thousand (6000) square feet. This land use zone is also intended to address the physical constraints created by the small lot size in this area.
Zone name
Single Family Valley Junction Residential
General category
RESIDENTIAL
Zone area
198.29 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,160
Tax year 2020
Assessed value
$772,000
Assessed 2023
Previous assessed
$772,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$87,200
Assessed improvement
$684,800
Land market value
$87,200
Improvement market value
$684,800
Total market value
$772,000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
8
Total area
7,560 SF
Lot
0.55 ac (24,000 SF)
Zoning code
SF-VJ
APN
320/01396-000-000
UPID
US25-0380840
Jurisdiction
POLK
Zoning & alternative use
SF-VJ · West Des Moines, IAZoning SF-VJ · permitted uses
SF-VJ · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to recognize and encourage the existing and unique residential neighborhood in Valley Junction as a neighborhood of single family dwellings with a typical lot size of six thousand (6000) square feet. This land use zone is also intended to address the physical constraints created by the small lot size in this area.
Zone name
Single Family Valley Junction Residential
General category
RESIDENTIAL
Zone area
198.29 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
8
Lot
0.55 ac
Current owner
From public records · entity-resolved
Ahart Ents LLC
Entity
Free & Clear · 20 yrs held
Mailing address
3505 PLUMWOOD DR, WEST DES MOINES, IA 50265-5314
Ownership since
2006
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
Mar 1, 2006
—
Ahart Ents LLC
Ahart,robert
Quit Claim Deed
related
—
Feb 22, 2006
—
Robert Ahart
Ahart William L Trust
Quit Claim Deed
related
—
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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