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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1750 28th St West Des Moines, IA 50266-1439

    • Investment properties
    • 6,018 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    $320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0046593
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • L & C Medical Billing / Medical Billing Service

    Property Details for 1750 28th St

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    0.85 lot acres
    Property size
    6,018 SF
    Zone code
    RC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    320/00953-305-000
    APU
    32000953305000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $331,000
      Market price range: $110k - $589k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $515,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7444
    Latitude
    41.5979
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $13,482
    $299,000
    $320,000
    $619,000
    -
    $299,000
    $320,000
    $619,000

    Comparable in this City

    • Value Estimation
      $755,000
      17,820 SF

      1503 42nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 17,820 SF
      1503 42nd St, West Des Moines, IA 50266-1263
      View Details
    • Value Estimation
      $1,035,000
      62,213 SF

      4546 Corporate Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 62,213 SF
      4546 Corporate Dr, West Des Moines, IA 50266-5939
      View Details
    • Value Estimation
      $465,000
      5,288 SF

      580 Market St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,288 SF
      580 Market St, West Des Moines, IA 50266-3907
      View Details
    • Value Estimation
      $730,000
      24,426 SF

      5700 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 24,426 SF
      5700 University Ave, West Des Moines, IA 50266-8224
      View Details
    • Value Estimation
      $685,000
      30,048 SF

      3636 Westown Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 30,048 SF
      3636 Westown Pkwy, West Des Moines, IA 50266-6713
      View Details
    • Value Estimation
      $905,000
      73,386 SF

      4700 Westown Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 73,386 SF
      4700 Westown Pkwy, West Des Moines, IA 50266-6718
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      59,785 SF

      West Des Moines Office Investment

      Class A, 100% occupied, NNN lease.
      4125 Westown Pkwy, West Des Moines, IA 50266
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    • Contact for pricing
      0.62 Acres

      West Des Moines Residential Land

      Build your dream home in Iowa.
      Plat 1 Timber Knl, West Des Moines, IA 50266
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    • Contact for pricing

      Jordan West Development Land

      Prime West Des Moines development site.
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    • Contact for pricing
      0.26 Acres

      West Des Moines Commercial Land

      Prime Iowa land, build your dream.
      Plat 1&2 Timber Knl, West Des Moines, IA 50266
      View Details
    • $515,000
      1,839 SF

      Remodeled Townhome in Gated Community

      Completely remodeled ranch townhome with excellent views in gated community.
      1051 Glen Oaks Dr, West Des Moines, IA 50266
      View Details
    • $1,573,387

      Land Available in West Des Moines

      Land for sale at 7640 Cascade Ave, West Des Moines, IA.
      7640 Cascade Ave, West Des Moines, IA 50266
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Mixed-Use Development

      New retail space in West Des Moines' Jordan Creek area.
      950 Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      15,579 SF

      West Des Moines Executive Suites

      Prestigious Office Space Available Now
      5000 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $10 SF/Yr
      41,138 SF

      West Des Moines Office Space

      Modern Office Suites, Flexible Sizes
      3001 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $15 SF/Yr
      35,085 SF

      Prime West Des Moines Office Space

      Executive Suites, 2,333 sq ft available
      1225 Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      61,430 SF

      West Des Moines Office Space

      Executive suites & traditional offices available.
      4401 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $15 SF/Yr
      38,033 SF

      West Des Moines Executive Office Space

      Class A Office Suites, Abundant Parking
      5550 Wild Rose Ln, West Des Moines, IA 50266
      View Details
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    1750 28th St
    West Des Moines, IA 50266-1439
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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