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Property profile & analytics
OFF-MARKET
Estimated value
$1,075,000
Investment properties
209 5th St West Des Moines, IA 50265-4719
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0022035
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Construction
FRAME
Total area
7,848 SF
Lot
0.14 ac (6,167 SF)
Zoning code
VJHB
APN
320/04397-001-000
UPID
US25-0022035
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
-
The Venue in Valley Junction Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.03M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.08M
Owner & transaction history
Sharp Assets LLC · 3 yrs held
Sharp Assets LLC
since 2023
Last sale
$1.0M
6 recorded transactions
Zoning & alternative use
VJHB · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.4M
+56.1%
Auto repair, garage
$1.2M
+40.8%
Apartment house (5+ units)
$1.2M
+37.2%
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
$1,155,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$865,000
Current use
RESTAURANT
$1,350,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,220,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,190,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$1,185,000
Change: +37% · Conversion: Easy
RETAIL STORES
$915,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$775,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.08M
Range $968k – $1.18M · ±10% · vs last sale $1.00M (May 1 2023)
Last sale anchor
$1.00M
May 1 2023
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
$137 / 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
$11,680
Tax year 2020
Assessed value
$429,000
Assessed 2023
Previous assessed
$429,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$168,000
Assessed improvement
$261,000
Land market value
$168,000
Improvement market value
$261,000
Total market value
$429,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2017
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
3
Total area
7,848 SF
Lot
0.14 ac (6,167 SF)
Zoning code
VJHB
APN
320/04397-001-000
UPID
US25-0022035
Jurisdiction
POLK
Zoning & alternative use
VJHB · West Des Moines, IA
Zoning VJHB · permitted uses
VJHB · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$865,000
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$915,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$775,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
2017
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Sharp Assets LLC
Entity
Mailing address
721 RAILROAD AVE, WEST DES MOINES, IA 50265-4557
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 1, 2023
$1,000,000
Sharp Assets LLC
Envision Homes Holding Company LLC
Warranty Deed
$500,000 · Bank
Dec 4, 2013
—
Envision Homes Holding Co LLC
Heart Of Iowa Holdings LLC
Grant Deed
related
—
Jun 14, 2013
$475,000
Envision Homes Holding Co LLC
Heart Of Iowa Holdings LLC
Warranty Deed
$425,000 · Iowa State Bank
Sep 22, 2011
$475,000
Heart Of Iowa Holdings LLC
Junction Holdings Of Iowa INC
Warranty Deed
$399,000 · West Bank
Feb 21, 2007
$475,000
Heart Of Iowa Holdings LLC
Junction Holdings Of Iowa INC
Grant Deed
related
—
—
—
Heart Of Iowa Holdings LLC
—
Deed Of Trust
related
$399,000 · West 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.
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