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Property profile & analytics
FOR SALE
Investment properties
401 Grand Ave, West Des Moines, IA 50265
Entity Owned
Free & Clear
Property ID
US25-0331253
For Sale
1 / 8
$450,000
401 Grand Ave, West Des Moines, IA 50265
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1998
Construction
FRAME
Total area
2,472 SF
Lot
0.18 ac (7,744 SF)
Zoning code
CMC
APN
320/03301-002-000
UPID
US25-0331253
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
-
Cook James R Law Firm
-
Iowa Solutions, Inc Tech Support Center IT Consulting Firm
-
St Gregory Recovery Intensive Outpatient Center Medical Clinic
-
Schodde Stephen C Law Firm
-
Nugent Joseph A Law Firm
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
Map Investments LLC
Map Investments LLC
since 2026
7 recorded transactions
Zoning & alternative use
CMC · 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
$4,702
Tax year 2020
Assessed value
$284,000
Assessed 2023
Previous assessed
$284,000
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$109,000
Assessed improvement
$175,000
Land market value
$109,000
Improvement market value
$175,000
Total market value
$284,000
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
For Sale
Year built
1998
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Total area
2,472 SF
Lot
0.18 ac (7,744 SF)
Zoning code
CMC
APN
320/03301-002-000
UPID
US25-0331253
Jurisdiction
POLK
Zoning & alternative use
CMC · West Des Moines, IA
Zoning CMC · permitted uses
CMC · 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
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Map Investments LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2614 RAILROAD HWY, COUNCIL BLUFFS, IA 51503-1030
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2026
$415,000
Map Investments LLC
Modern Desk LLC
Warranty Deed
—
Nov 22, 2021
—
Modern Desk LLC
—
Deed
related
$186,200 · Ts Bank
Aug 15, 2019
$237,000
Modern Desk LLC
Is Real Estate LLC
Warranty Deed
$189,600 · American National Bank & Trust
Mar 29, 2019
$495,000
Is R & E LLC
Carlson Invs LLC
Warranty Deed
—
Feb 4, 2015
$210,000
Is Real Estate LLC
Raymond E Hansen
Warranty Deed
$168,000 · University Of Iowa Community Cu
Aug 14, 2014
$230,000
Raymond E Hansen
Nugent Family Trust
Grant Deed
$172,500 · Two Rivers Bank & Trust
—
—
Real Estate LLC
—
Deed Of Trust
related
$168,000 · University Of Ia Cmnty Cu
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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