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Property profile & analytics
OFF-MARKET
Retail space
219 5th St West Des Moines, IA 50265-4719
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0264532
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1968
Construction
FRAME
Total area
7,356 SF
Lot
0.17 ac (7,250 SF)
Zoning code
VJHB
APN
320/04400-000-000
UPID
US25-0264532
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
-
Katie McDonald Photography Photography Service (Bike/Boat/Book/etc) Store
-
Foxglove Chiropractic LLC Alternative Medicine Practice
-
LB Creative Studio Photography Service (Bike/Boat/Book/etc) Store
-
RR Boudoir Photography Photography Service (Bike/Boat/Book/etc) Store
-
Ruth Mcdanel Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Trak Properties LLC · 11 yrs held
Trak Properties LLC
since 2015
2 recorded transactions
Zoning & alternative use
VJHB · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,040
Tax year 2020
Assessed value
$292,000
Assessed 2023
Previous assessed
$292,000
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$182,160
Assessed improvement
$109,840
Land market value
$182,160
Improvement market value
$109,840
Total market value
$292,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
3
Units
2
Total area
7,356 SF
Lot
0.17 ac (7,250 SF)
Zoning code
VJHB
APN
320/04400-000-000
UPID
US25-0264532
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.
Building & site characteristics
From public records
Year built
1968
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Units
2
Lot
0.17 ac
Current owner
From public records · entity-resolved
Trak Properties LLC
Entity
Mailing address
4072 240TH ST, CLEAR LAKE, IA 50428-8853
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Jan 7, 2015
$282,000
Trak Properties LLC
Michael J Chenchar
Warranty Deed
$750,000 · Luana Savings Bank
Dec 5, 2005
—
Chenchar Shirley M Trust
Chenchar,shirley M
Quit Claim Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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