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Property profile & analytics
OFF-MARKET
Estimated value
$9,350,000
Retail space
180 Jordan Crk Pkwy, West Des Moines, IA 50266-8424
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2344371
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Total area
51,110 SF
Lot
5 ac (217,838 SF)
APN
1613101001
UPID
US25-2344371
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
-
Hobby Lobby (Bike/Boat/Book/etc) Store
-
Whitney Vogt, PA-C Physician
-
Rosalee Mares Fernandez, PA-C Physician
-
Andrea Silvers Pediatrician Physician
-
Jesse Becker, MSN,RN,FNP-C Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.65M
CAP Approach
CAP
$7.99M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.35M
Owner & transaction history
Exchangegeright Net Leased Portfoli · 4 yrs held
Exchangegeright Net Leased Portfoli
since 2021
Last sale
$10.5M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$8.0M
+223.2%
Office building
$7.3M
+194.9%
Warehouse, storage
$6.2M
+151.7%
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
$8,020,000
ML approach
$9,650,000
CAP Approach
CAP Return
Estimation
6%
$8,660,000
6.5%
$7,990,000
7%
$7,420,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$8,000,000
Change: +223% · Conversion: Difficult
OFFICE BUILDING
$7,305,000
Change: +195% · Conversion: Easy
WAREHOUSE, STORAGE
$6,230,000
Change: +152% · Conversion: Difficult
Blend value · Realmo final
$9.35M
Range $8.42M – $10.29M · ±10% · vs last sale $10.55M (Dec 3 2021)
Last sale anchor
$10.55M
Dec 3 2021
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
$183 / 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
$216,000
Tax year 2022
Assessed value
$8,022,580
Assessed 2023
Previous assessed
$7,063,740
+13.6% YoY
Effective rate
2.69%
On assessed value
Assessed land
$1,742,700
Assessed improvement
$6,279,880
Land market value
$1,742,700
Improvement market value
$6,279,880
Total market value
$8,022,580
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Heating
NONE
Stories
1
Total area
51,110 SF
Lot
5 ac (217,838 SF)
APN
1613101001
UPID
US25-2344371
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
AUTO REPAIR, GARAGE
Est. value
$8.0M
OFFICE BUILDING
Est. value
$7.3M
WAREHOUSE, STORAGE
Est. value
$6.2M
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2017
Heating
NONE
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
Exchangegeright Net Leased Portfoli
Individual
Mailing address
1055 E COLORADO BLVD STE #310, PASADENA, CA 91106-2374
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
$10,545,500
Exchangegeright Net Leased Portfoli
Sj Terveen LLC
Special Warranty Deed
—
Sep 21, 2017
—
Johnson Jordan LLC
—
Grant Deed
related
$7,200,000 · Metabank
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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