Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Warehouses
175 9th St West Des Moines, IA 50265-5822
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-1281250
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Construction
TYPE NOT SPECIFIED
Total area
8,580 SF
Lot
1.51 ac (65,635 SF)
APN
320/04927-047-044
UPID
US25-1281250
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
-
Dyve Pool Co. General Contractor
-
Euro Marble and Tile General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$847k
Blend (final)
Blend
$640k
Owner & transaction history
Jamesson Endeavors LLC
Jamesson Endeavors LLC
since 2026
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.0M
+36.8%
Commercial (general)
$945,000
+29.3%
Neighborhood: shopping center
$845,000
+15.6%
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
$535,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$730,000
Current use
RETAIL STORES
$1,000,000
Change: +37% · Conversion: Moderate
COMMERCIAL (GENERAL)
$945,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$845,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$640k
Range $576k – $704k · ±10% · vs last sale $650k (Feb 25 2020)
Last sale anchor
$650k
Feb 25 2020
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
$75 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$26,264
Tax year 2023
Assessed value
$926,000
Assessed 2024
Previous assessed
$926,000
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$272,000
Assessed improvement
$654,000
Land market value
$272,000
Improvement market value
$654,000
Total market value
$926,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Construction
TYPE NOT SPECIFIED
Buildings
1
Stories
14
Total area
8,580 SF
Lot
1.51 ac (65,635 SF)
APN
320/04927-047-044
UPID
US25-1281250
Jurisdiction
POLK
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
WAREHOUSE, STORAGE Current
Est. value
$730,000
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$845,000
WAREHOUSE, STORAGE Current
RETAIL STORES
COMMERCIAL (GENERAL)
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
1977
Construction
TYPE NOT SPECIFIED
Stories
14
Buildings
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Jamesson Endeavors LLC
Entity
Free & Clear · 0 yrs held
Mailing address
405 6TH AVE STE #201, DES MOINES, IA 50309-2412
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
62 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
$260,000
Jamesson Endeavors LLC
Del Boca Vista LLC
Special Warranty Deed
—
Sep 25, 2025
—
Andrew R Seymour
—
Deed
related
$185,241 · State Savings Bank
Jul 18, 2025
$310,000
Conte Tcv PC
Irving LLC
Deed
—
Jul 18, 2025
—
Conte Tcv PC
—
Deed
related
$238,000 · Northwest Bank
Jul 15, 2025
—
Andrew R Seymour
—
Deed
related
$185,241 · State Savings Bank
Feb 26, 2025
—
Lauren L Burgeson
Iowa State Bank
Deed
—
Feb 26, 2025
$500,000
Lauren L Burgeson
Iowa State Bank
Warranty Deed
—
Feb 20, 2025
—
Janet M Haas
Greenwood Investors LLC
Warranty Deed
—
Dec 5, 2024
$235,000
El Shop O LLC
Jlt Leasing LLC
Warranty Deed
—
Oct 17, 2024
$235,000
Philip Sumner Worth
Irving LLC
Warranty Deed
—
Dec 5, 2023
$225,000
Custis Real Estate Holdings LLC
Blue Iguana Investments LLC
Warranty Deed
—
Dec 5, 2023
$235,000
Custis Real Estate Holdings LLC
Blue Iguana Investments LLC
Warranty Deed
—
Mar 6, 2023
$400,000
Blue Iguana Investments LLC
9th Street Holdings LLC
Warranty Deed
$538,000 · Northwest Bank
Nov 28, 2022
$209,000
Sean Sweeney
Mcleran Investments LLC
Warranty Deed
—
May 20, 2022
$220,000
Contrail LLC
Irving LLC
Warranty Deed
$176,000 · Northwest Bank
Mar 28, 2022
$190,000
Mcleran Investments LLC
Labyrinth LLC
Warranty Deed
$152,000 · Lincoln Savings Bank
Mar 10, 2022
—
Kathryn L Greteman
West Green Industrial Park LLC
Deed
related
—
Feb 14, 2022
$250,000
Dauntless Holding Company LLC
David Safris
Warranty Deed
$200,000 · Veridian Cu
Jan 20, 2022
$175,000
Charles A Haas
Labyrinth LLC
Warranty Deed
—
Nov 1, 2021
$193,000
Phillip Sumner Worth
Michaei A Housby
Warranty Deed
—
Oct 22, 2021
$186,500
Irving LLC
Michael A Housby
Warranty Deed
$186,500 · Northwest Bank
Aug 31, 2021
—
T & S Investment Properties LLC
T & S Properties LLC
Warranty Deed
—
Aug 24, 2021
—
John Dana Custis
Margie Ann Custis
Deed
related
—
Jul 23, 2021
$203,000
Four Weeks Of Oxygen INC
Michael A Housby
Warranty Deed
$162,400 · Raccoon Valley Bank
Jul 20, 2021
$225,000
Silverball Realty LLC
Irving LLC
Warranty Deed
$220,000 · Great Western Bank
Jun 22, 2021
$340,000
9th Street Holdings LLC
Elvira Warehouse LLC
Warranty Deed
$272,800 · Lincoln Savings Bank
Jun 22, 2021
—
9th Holdings LLC
Tiny Mammoth Graphics LLC
Deed
—
May 28, 2021
$195,000
Dsi LLC
Holzworth Construction LLC
Warranty Deed
$146,250 · Iowa Trust & Savings Bank
Jan 4, 2021
$180,000
Labyrinth LLC
Elvira Warehouse LLC
Warranty Deed
$155,600 · Collins Cmnty Cu
Jan 4, 2021
$170,000
Labyrinth LLC
Elvira Warehouse LLC
Warranty Deed
$155,600 · Collins Cmnty Cu
Dec 18, 2020
—
Nelson Dev 1 LLC
—
Deed
related
$1,500,000 · Freedom Fin'l Bk
Jun 12, 2020
$183,000
Davids Auto Tech LLC
West End Coml LLC
Warranty Deed
—
Jun 12, 2020
$210,000
Lee J Caffrey
Davids Auto Tech LLC
Warranty Deed
—
Apr 2, 2020
$174,000
T & S Props LLC
West Green Indl Pk LLC
Warranty Deed
—
Mar 12, 2020
$192,000
Loffredo,j & D Trust
West Green Indl Pk LLC
Warranty Deed
—
Feb 25, 2020
—
Nelson Dev 1 LLC
—
Deed
related
$696,000 · Lincoln Svgs Bk
Jan 17, 2020
—
Orton Hms LLC
—
Deed
related
$250,000 · South Story Bk&tr
Dec 12, 2019
$192,000
University Group LLC
West Green Indl Pk LLC
Warranty Deed
—
Dec 12, 2019
—
University Group LLC
—
Deed
related
$192,000 · Community St Bk
Dec 9, 2019
$165,000
Michael A Housby
Elvira Warehouse LLC
Warranty Deed
related
$180,000 · Raccoon Vly Bk
Dec 6, 2019
$192,000
Jlt Leasing LLC
West Green Indl Pk LLC
Warranty Deed
—
Nov 12, 2019
$192,000
Del Boca Vista LLC
West Green Indl Pk LLC
Warranty Deed
—
Aug 20, 2019
$175,000
Michael A Housby
Elvira Warehouse LLC
Warranty Deed
related
$251,250 · Raccoon Vly Bk
Aug 20, 2019
$160,000
Michael A Housby
Elvira Warehouse LLC
Warranty Deed
related
—
Aug 8, 2019
$192,000
Irving LLC
West Green Indl Pk LLC
Warranty Deed
—
Feb 11, 2019
$192,000
Custis Real Estate Holdings L L C
West Green Industrial Park LLC
Warranty Deed
$153,600 · Bank
Jan 9, 2019
$202,625
Irving LLC
West Green Indl Pk LLC
Warranty Deed
—
Jan 9, 2019
—
Irving LLC
—
Deed
related
$144,000 · Northwest Bk
Jan 3, 2019
$192,000
Mmbt LLC
West Green Indl Pk LLC
Warranty Deed
—
Nov 30, 2018
—
Michael A Housby
Elvira Warehouse LLC
Quitclaim Deed
related
—
Oct 26, 2018
—
Orton Hms LLC
—
Deed
related
$400,000 · United Cmnty Bk
Oct 1, 2018
$180,000
Labyrinth LLC
Elvira Warehouse LLC
Grant Deed
—
Oct 1, 2018
$170,000
Labyrinth LLC
Elvira Warehouse LLC
Grant Deed
—
Aug 21, 2018
$384,000
Holzworth Const LLC
West Green Indl Pk LLC
Warranty Deed
—
Aug 21, 2018
—
Holzworth Const LLC
—
Deed
related
$307,200 · Earlham Svgs Bk
Feb 16, 2018
$160,500
West End Commercial LLC
West Green Industrial Park LLC
Warranty Deed
$128,000 · Northwest Bank
Jan 22, 2018
$1,121,000
Elvira Warehouse LLC
West Green Industrial Park LLC
Trust Deed
$1,220,000 · Northwest Bk
Jan 22, 2018
$192,000
Irving LLC
West Green Industrial Park LLC
Warranty Deed
$156,600 · Northwest Bank
Sep 29, 2017
$384,000
Greenwood Investors LLC
West Green Industrial Park LLC
Warranty Deed
related
—
Sep 18, 2017
$144,000
Irving LLC
West Green Industrial Park LLC
Warranty Deed
—
May 12, 2017
—
West Green Industrial Park LLC
—
Trust Deed
related
$784,345 · Northwest Bk
Mar 14, 2017
—
Silverado Farms LLC
—
Deed
related
$104,000 · Lincoln Savings Bank
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
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 175 9th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
