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Property profile & analytics
OFF-MARKET
Medical Office Space
230 68th St 206 West Des Moines, IA 50266-8176
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0175060
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2005
Total area
6,088 SF
Lot
0.25 ac (10,763 SF)
APN
1613202002
UPID
US25-0175060
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
-
Grunewald Dale DO Pediatrician Physician
-
Refinery Hair Hair Salon Nail Salon
-
Basil Saadi Hassan Pediatrician Physician
-
Revived Interiors | A Design Build Firm Hardware & Home Improvement Interior Design
-
H Halling Medical Clinic
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
Gregory C Jensen · 7 yrs held
Gregory C Jensen
since 2019
6 recorded transactions
Zoning & alternative use
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 2022Property tax & assessments
Tax year 2022
Tax billed
$22,720
Tax year 2022
Assessed value
$918,230
Assessed 2023
Previous assessed
$754,210
+21.7% YoY
Effective rate
2.47%
On assessed value
Assessed land
$172,210
Assessed improvement
$746,020
Land market value
$172,210
Improvement market value
$746,020
Total market value
$918,230
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2005
Heating
NONE
Stories
1
Total area
6,088 SF
Lot
0.25 ac (10,763 SF)
APN
1613202002
UPID
US25-0175060
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
Building & site characteristics
From public records
Year built
2005
Heating
NONE
Stories
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Gregory C Jensen
Individual
Mailing address
915 S GRAND AVE, SPENCER, IA 51301-5717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Feb 7, 2019
$204,875
Gregory C Jensen
Plaza At Jordan Crk LLC
Warranty Deed
$211,765 · Lincoln Svgs Bk
Oct 4, 2017
$3,205,000
Rmv Properties LLC
Iptv-b-c27 LLC
Trustees Deed
$2,255,497 · Nsb Bk
Jun 14, 2011
$525,000
Iptv-b-c27 LLC
Sheriff Of Dallas County
Trustees Deed
—
Dec 22, 2006
—
Jordan Creek Coml Props LLC
Bat Dev Lc
Grant Deed
$4,400,000 · Wells Fargo Bank
—
—
Iptv-b-c27 LLC
—
Loan Modification
related
$19,782,250 · A10 Revolving Asset Financing
—
—
Iptv-b-c27 LLC
—
Deed Of Trust
related
$37,887,000 · A10 Capital LLC
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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