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Property profile & analytics
OFF-MARKET
Estimated value
$11,630,000
Data centers and call centers
3903 Westown Pkwy West Des Moines, IA 50266-1009
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0320366
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1998
Construction
STEEL FRAME
Total area
30,102 SF
Lot
2.24 ac (97,618 SF)
Zoning code
PCP
APN
320/00025-004-001
UPID
US25-0320366
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
-
Local 5 and Iowa CW Television Studio Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.63M
Owner & transaction history
Signature Real Estate Svcs INC · 16 yrs held
Signature Real Estate Svcs INC
since 2009
4 recorded transactions
Zoning & alternative use
PCP · 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
$386 / 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
$101,544
Tax year 2020
Assessed value
$2,530,000
Assessed 2023
Previous assessed
$2,530,000
+0.0% YoY
Effective rate
4.01%
On assessed value
Assessed land
$788,000
Assessed improvement
$1,742,000
Land market value
$788,000
Improvement market value
$1,742,000
Total market value
$2,530,000
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Rooms
6
Bathrooms
2
Total area
30,102 SF
Lot
2.24 ac (97,618 SF)
Zoning code
PCP
APN
320/00025-004-001
UPID
US25-0320366
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.
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
6
Bathrooms
2
Lot
2.24 ac
Current owner
From public records · entity-resolved
Signature Real Estate Svcs INC
Entity
Mailing address
9500 UNIVERSITY AVE STE #1200, WEST DES MOINES, IA 50266-1870
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2009
—
Signature Real Estate Svcs INC
—
Trustees Deed
related
$2,000,000 · First American Bank
Jun 7, 2007
—
Ptshp Lllp Imperial III
—
Grant Deed
related
$2,500,000 · First American Bank
—
—
3901-3903 Westown LLC
—
Deed Of Trust
related
$1,381,250 · First National Bank
—
—
3901-3903 Westown LLC
—
Deed Of Trust
related
$1,300,000 · First National Bank
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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