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

    2000 Westown Pkwy West Des Moines, IA 50265-1538

    • Apartment buildings
    • 27,561 SF
    • 9.16 lot acres
    OFF-MARKET
    Last Sale
    Jun 14, 2022
    Value Estimations
    $2,750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-2568587
    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

    • Robin Hill Apartments / Furnished Apartment Building / Apartment Building
    • Sudsy Paws / Kennel & Boarding Facility

    Property Details for 2000 Westown Pkwy

    Year built
    1977
    Construction
    FRAME
    Lot size
    9.16 lot acres
    Property size
    27,561 SF
    Zone code
    RM
    Property type
    Apartment buildings
    APN
    320/04947-031-071
    APU
    32004947031071

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,560,000
      6.5%
      $3,290,000
      7%
      $3,055,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $4,170,000
      Current use
      AUTO REPAIR, GARAGE
      $4,280,000
      Change: +3% Conversion: Difficult
      MEDICAL BUILDING
      $4,160,000
      Change: -0% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7333
    Latitude
    41.5969
    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
    $129,306
    $1,330,000
    $6,260,000
    $7,590,000
    -
    $1,330,000
    $6,260,000
    $7,590,000

    Comparable in this City

    • Value Estimation
      $1,540,000
      25,599 SF

      1450 Ofc Park Rd

      APARTMENT HOUSE (5+ UNITS) • 25,599 SF
      1450 Ofc Park Rd, West Des Moines, IA 50265-2496
      View Details
    • Value Estimation
      $875,000
      7,353 SF

      704 13th St

      APARTMENT HOUSE (5+ UNITS) • 7,353 SF
      704 13th St, West Des Moines, IA 50265-3403
      View Details
    • Value Estimation
      $790,000
      8,640 SF

      1220 Ofc Park Rd

      APARTMENT HOUSE (5+ UNITS) • 8,640 SF
      1220 Ofc Park Rd, West Des Moines, IA 50265-2402
      View Details
    • Value Estimation by Request
      7,560 SF

      1616 Vine St

      APARTMENT HOUSE (5+ UNITS) • 7,560 SF
      1616 Vine St, West Des Moines, IA 50265-4331
      View Details
    • Value Estimation
      $555,000
      9,264 SF

      229 4th St

      APARTMENT HOUSE (5+ UNITS) • 9,264 SF
      229 4th St, West Des Moines, IA 50265-4737
      View Details
    • Value Estimation
      $3,475,000
      60,244 SF

      916 Ashworth Rd

      APARTMENT HOUSE (5+ UNITS) • 60,244 SF
      916 Ashworth Rd, West Des Moines, IA 50265-3675
      View Details

    Similar Nearby for Sale

    • $1,350,000
      10,143 SF

      West Des Moines 12-Plex Apartment

      Three-story, 12-unit apartment building in West Des Moines, Iowa.
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    • $289,900

      West Des Moines Loft Living

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    • Contact for pricing
      116.81 Acres

      Veterans Business Park Land

      116 Acres, West Des Moines, IA
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    • $250,000
      Pending

      Valley Junction Investment Opportunity

      Two-unit property near Valley Junction amenities.
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    • $799,900
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      West Des Moines Land Opportunity

      Prime West Des Moines real estate suitable for multifamily development.
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    • $1,500,000
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      West Des Moines Development Land

      Prime 2.67-acre commercial lot.
      3535 Westown Pkwy, West Des Moines, IA 50265
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    Similar Nearby for Lease

    • Contact for pricing
      5,088,244 SF

      Veterans Business Park Land

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      View Details
    • $15 SF/Yr
      8,833 SF

      Medical Office Suites, Office Park Rd

      Multiple suites, 1,413-8,933 sq ft.
      1031 Office Park Rd, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      5,000 SF

      Prime West Des Moines Retail Space

      Restaurant/Retail Opportunity - High Visibility
      332 5Th St, West Des Moines, IA 50265
      View Details
    • $7 SF/Yr
      825 SF

      Updated Office Space in Iowa

      West Des Moines office space with recent updates and ample parking.
      1501 42Nd St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      76,800 SF

      Warehouse with Interstate Access

      Under construction warehouse with convenient interstate access for transportation and logistics.
      4500 SE Army Post Rd, West Des Moines, IA 50265
      View Details
    • $8 SF/Yr
      13,200 SF

      West Des Moines Industrial Flex Space

      13,200 SF Flex Space, 1 Acre Lot
      1614 Fuller Rd, West Des Moines, IA 50265
      View Details
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    2000 Westown Pkwy
    West Des Moines, IA 50265-1538
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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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