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    240 Jordan Crk Pkwy West Des Moines, IA 50266-8430
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    Property profile & analytics

    240 Jordan Crk Pkwy, West Des Moines, IA 50266-8430

    View on Map
    • Hotels
    • 57,368 SF
    • 2.40 lot acres
    Off-Market
    Last Sale Feb 4, 2025
    $6,500,000
    Property ID
    US25-1313224
    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.
    Value Estimations
    $6,165,000
    Show details
    Cap Rate Potential
    3.4%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Tesla Destination Charger / Electric Vehicle Charging Station
    • Holiday Inn Express & Suites West Des Moines - Jordan West, an IHG Hotel / Hotel & Motel

    Property Details for 240 Jordan Crk Pkwy

    Year built
    2017
    Lot size
    2.40 lot acres
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1611428008
    APU
    1611428008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 23, 2018 $2,950,000 Gda 2431 LLC White Sands Hldgs LLC Warranty Deed $10M · West Bk
    Mar 23, 2018 $6,500,000 Gda 2431 LLC White Sands Holdings LLC Warranty Deed $10M · West Bank
    Mar 20, 2018 — White Sands Hldgs LLC Hix W Des Moines LLC Quit Claim Deed · related —
    Mar 13, 2017 $1,308,000 Hix West Des Moines LLC Parkway Hospitality LLC Grant Deed $8.3M · First Int'l Bk
    Dec 22, 2016 $400,100 Rodger Johnson Parkway Hospitality LLC Warranty Deed —
    Feb 12, 2016 $1,306,750 Parkway Hospitality LLC Ryan Companies Us INC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,800,000
      ML approach
      $5,855,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $6,380,000
      INDUSTRIAL (GENERAL)
      $3,835,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8112
    Latitude
    41.5705
    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
    2022
    $214,998
    $1,359,070
    $6,566,820
    $7,925,890
    -
    $1,359,070
    $6,566,820
    $7,925,890

    Comparable in this City

    • Value Estimation
      $3,010,000
      94,657 SF

      160 Jordan Crk Pkwy

      HOTEL/MOTEL
      160 Jordan Crk Pkwy, West Des Moines, IA 50266-8138
      View Details
    • Value Estimation
      $3,060,000
      81,272 SF

      3535 Westown Pkwy

      HOTEL/MOTEL
      3535 Westown Pkwy, West Des Moines, IA 50266-1007
      View Details
    • Value Estimation
      $2,095,000
      64,732 SF

      6905 Lk Dr

      HOTEL/MOTEL
      6905 Lk Dr, West Des Moines, IA 50266-2522
      View Details
    • Value Estimation
      $1,720,000
      38,409 SF

      3530 Westown Pkwy

      HOTEL/MOTEL
      3530 Westown Pkwy, West Des Moines, IA 50266-1094
      View Details
    • Value Estimation
      $2,055,000
      59,289 SF

      125 68th St

      HOTEL/MOTEL
      125 68th St, West Des Moines, IA 50266-2534
      View Details
    • Value Estimation
      $2,145,000
      61,676 SF

      410 68th St

      HOTEL/MOTEL
      410 68th St, West Des Moines, IA 50266-8312
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      View Details
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    Similar Nearby for Lease

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      3,615 SF

      Class A Office Building For Rent

      Class A office building with convenient I-80 access and signage.
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    • $13 SF/Yr
      2,533 SF

      Office Suite Near Jordan Creek

      Office suite for sublease near Jordan Creek Town Center.
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    • Contact for pricing

      Move-in Ready Office Suites Available

      Modern office suites for rent with on-site amenities.
      1200 Vly Dr W, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr
      1,600 SF

      West Des Moines Retail/Office Space

      1,600 SF retail/office space in high-traffic West Des Moines.
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      West Des Moines Office Space

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      3,895 SF

      Retail Space in Bridgewood Plaza

      Prime retail opportunity in West Des Moines' Jordan Creek commercial hub.
      165 S Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details
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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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