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Property profile & analytics
OFF-MARKET
Estimated value
$5,005,000
Investment properties
1720 Fuller Rd West Des Moines, IA 50265-5541
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0718240
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2001
Construction
STEEL FRAME
Total area
42,620 SF
Lot
3.04 ac (132,292 SF)
Zoning code
GI
APN
320/04947-898-001
UPID
US25-0718240
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
-
Central Iowa Mechanical HVAC Service General Contractor
-
Trinity Construction Group, LTD Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.49M
Comparable Approach
Comparable
$3.89M
Blend (final)
Blend
$5.01M
Owner & transaction history
Barkley Group LLC · 5 yrs held
Barkley Group LLC
since 2021
6 recorded transactions
Zoning & alternative use
GI · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+56.1%
Auto repair, garage
$6.6M
+40.8%
Apartment house (5+ units)
$6.5M
+37.2%
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%
$7,030,000
6.5%
$6,490,000
7%
$6,030,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,700,000
Current use
RESTAURANT
$7,335,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,620,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,450,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$6,435,000
Change: +37% · Conversion: Easy
RETAIL STORES
$4,970,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,200,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$5.01M
Range $4.50M – $5.51M · ±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
$117 / 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
$78,144
Tax year 2020
Assessed value
$3,820,000
Assessed 2023
Previous assessed
$3,820,000
+0.0% YoY
Effective rate
2.05%
On assessed value
Assessed land
$478,000
Assessed improvement
$3,342,000
Land market value
$478,000
Improvement market value
$3,342,000
Total market value
$3,820,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
3
Total area
42,620 SF
Lot
3.04 ac (132,292 SF)
Zoning code
GI
APN
320/04947-898-001
UPID
US25-0718240
Jurisdiction
POLK
Zoning & alternative use
GI · West Des Moines, IA
Zoning GI · permitted uses
GI · 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
COMMERCIAL (GENERAL) Current
Est. value
$4.7M
RESTAURANT
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$6.4M
RETAIL STORES
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.2M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2001
Construction
STEEL FRAME
Heating
NONE
Stories
3
Buildings
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Barkley Group LLC
Entity
Mailing address
1720 FULLER RD, WEST DES MOINES, IA 50265-5541
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Mar 3, 2021
$3,990,000
Barkley Group LLC
Bell Avenue Properties INC
Warranty Deed
$2,000,000 · West Bank
Nov 13, 2019
—
Bell Ave Props INC
—
Deed
related
$7,000,000 · Bankers Tr
Jun 20, 2018
—
Bap 2018 LLC
Bell Ave Props INC
Warranty Deed
related
—
Dec 29, 2017
—
Bell Avenue Properties INC
—
Grant Deed
related
$7,000,000 · Commerce Bk
Jul 7, 2017
$3,800,000
Bell Avenue Properties INC
Maestro Lc
Warranty Deed
—
—
—
Bell Ave Props INC
—
Deed Of Trust
related
$7,000,000 · Bankers Tr
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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