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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Investment properties
3000 Westown Pkwy West Des Moines, IA 50266-1320
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-0281250
Property summary
AI-generated overview
This exceptional two-story office building, totaling 15,640 square feet, is situated on a 1.946-acre lot at 3000 Westown Parkway in West Des Moines, Iowa, zip code 50266. Built in 1978, the property boasts a PCP (Professional Commerce Park) zoning designation, offering versatility for various business types. The building features ample parking, estimated at 85 spaces, and prominent monument signage. Recent improvements include roof and cooling tower replacements within the last three years. The property's convenient location at the corner of Westown Parkway and 31st Street provides easy access to major transportation routes and nearby amenities. Ideal for businesses seeking a substantial and well-maintained office space, this property offers a strong investment opportunity. Annual property taxes are $49,528, equating to $3.17 per square foot. The building comprises one structure with two stories. This offering presents a unique chance to acquire a well-established office building in a thriving West Des Moines location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1978
Construction
FRAME
Total area
15,640 SF
Lot
1.95 ac (84,768 SF)
Zoning code
PCP
APN
320/00648-007-001
UPID
US25-0281250
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
-
Veenstra & Kimm Inc Engineering Consultant Civil Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.38M
Blend (final)
Blend
$1.29M
Owner & transaction history
Kidwell Family II LLC · 1 yrs held
Kidwell Family II LLC
since 2025
2 recorded transactions
Zoning & alternative use
PCP · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.8M
+26.6%
Neighborhood: shopping center
$1.5M
+7.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,440,000
Current use
RETAIL STORES
$1,825,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,540,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,335,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10%
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
$82 / 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
$41,704
Tax year 2020
Assessed value
$1,650,000
Assessed 2023
Previous assessed
$1,650,000
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$685,000
Assessed improvement
$965,000
Land market value
$685,000
Improvement market value
$965,000
Total market value
$1,650,000
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
1978
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Total area
15,640 SF
Lot
1.95 ac (84,768 SF)
Zoning code
PCP
APN
320/00648-007-001
UPID
US25-0281250
Jurisdiction
POLK
Zoning & alternative use
PCP · West Des Moines, IA
Zoning PCP · permitted uses
PCP · 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
$1.4M
RETAIL STORES
Est. value
$1.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.3M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1978
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Lot
1.95 ac
Current owner
From public records · entity-resolved
Kidwell Family II LLC
Entity
Free & Clear · 1 yrs held
Mailing address
3000 WESTOWN PKWY, WEST DES MOINES, IA 50266-1320
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
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
Sep 25, 2025
—
Kidwell Family II LLC
—
Deed
related
$900,000 · Union Bank & Trust Co
Jul 2, 2025
$1,125,000
Kidwell Family II LLC
3000 Westown Partners LP
Warranty Deed
—
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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