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Property profile & analytics
OFF-MARKET
Estimated value
$13,810,000
Mobile home & RV parks
2000 Grand Ave West Des Moines, IA 50265-4301
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0303316
Property profile
Verified
Property type
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Year built
1966
Construction
FRAME
Total area
1,680 SF
Lot
29.58 ac (1,288,679 SF)
Zoning code
MH
APN
320/00220-000-001
UPID
US25-0303316
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
-
Western Village Mobile Home Dealer
-
Kelly tires (Bike/Boat/Book/etc) Store Auto Parts Store
-
Villas of White Oaks Townhouse Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.81M
Owner & transaction history
Yes Western Village LLC · 4 yrs held
Yes Western Village LLC
since 2021
Last sale
$14.0M
3 recorded transactions
Zoning & alternative use
MH · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$13,435,000
ML approach
$8,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.81M
Range $12.43M – $15.19M · ±10% · vs last sale $14.00M (Oct 19 2021)
Last sale anchor
$14.00M
Oct 19 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
$8,220 / 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
$172,344
Tax year 2020
Assessed value
$9,790,000
Assessed 2023
Previous assessed
$9,790,000
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$4,680,000
Assessed improvement
$5,110,000
Land market value
$4,680,000
Improvement market value
$5,110,000
Total market value
$9,790,000
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
Mobile home & RV parks
Use group
MOBILE HOME PARK, TRAILER PARK
Status
Off-Market
Year built
1966
Construction
FRAME
Heating
NONE
Buildings
2
Stories
1
Total area
1,680 SF
Lot
29.58 ac (1,288,679 SF)
Zoning code
MH
APN
320/00220-000-001
UPID
US25-0303316
Jurisdiction
POLK
Zoning & alternative use
MH · West Des Moines, IA
Zoning MH · permitted uses
MH · 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.
Building & site characteristics
From public records
Year built
1966
Construction
FRAME
Heating
NONE
Stories
1
Buildings
2
Lot
29.58 ac
Current owner
From public records · entity-resolved
Yes Western Village LLC
Entity
Mailing address
5050 S SYRACUSE ST STE #1200, DENVER, CO 80237-3388
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 19, 2021
$14,000,000
Yes Western Village LLC
Dm Western Village Property LLC
Special Warranty Deed
$7,517,000 · Key Bank NA
Jan 5, 2016
—
Dm Western Village Prop LLC
Dm Western Village LLC
Quit Claim Deed
related
$6,500,000 · Keybank USA
Oct 22, 2008
$6,700,000
Dm Western Village LLC
Western Village Sales Corp
Grant Deed
related
$5,243,100 · Red Mortgage Capital INC
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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