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Property profile & analytics
OFF-MARKET
Strip malls
245 50th St West Des Moines, IA 50265-8058
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0180975
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1992
Construction
STEEL FRAME
Total area
12,425 SF
Lot
5.13 ac (223,550 SF)
Zoning code
PUD B&C
APN
320/04116-598-005
UPID
US25-0180975
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
-
Bernhardt & Smith Orthodontics Dental Office
-
Blair M Smith Orthodontist Dental Office
-
Melissa K Bernhardt Orthodontist Dental Office
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
Silver D Meadow Ct LLC · 4 yrs held
Silver D Meadow Ct LLC
since 2022
Last sale
$7.9M
5 recorded transactions
Zoning & alternative use
PUD B&C · 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
$124,820
Tax year 2020
Assessed value
$4,840,000
Assessed 2023
Previous assessed
$4,840,000
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$2,420,000
Assessed improvement
$2,420,000
Land market value
$2,420,000
Improvement market value
$2,420,000
Total market value
$4,840,000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
4
Stories
1
Total area
12,425 SF
Lot
5.13 ac (223,550 SF)
Zoning code
PUD B&C
APN
320/04116-598-005
UPID
US25-0180975
Jurisdiction
POLK
Zoning & alternative use
PUD B&C · West Des Moines, IAZoning PUD B&C · permitted uses
PUD B&C · West Des Moines, IA
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
1992
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
4
Lot
5.13 ac
Current owner
From public records · entity-resolved
Silver D Meadow Ct LLC
Entity
Mailing address
14037 S SHR DR, CLIVE, IA 50325-8312
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 6, 2025
—
Silver D Meadow Ct LLC
—
Deed
related
$500,000 · Peoples Bank
Jun 16, 2022
$7,925,000
Silver D Meadow Ct LLC
Wellington Plaza LLC
Warranty Deed
$7,970,000 · Peoples Bank
Dec 23, 2020
$6,450,000
Wellington Plz LLC
Wellington Square LLC
Warranty Deed
related
$6,000,000 · Farmers St Bk
Dec 24, 2014
—
Wellington Square LLC
—
Grant Deed
related
$4,400,000 · Visionbank Of Ia
May 23, 2007
—
Wellington Square LLC
Imperial III Ptshp Lllp
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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