Entity Owned Property summary
AI-generated overview
Located in the prestigious Three Fountains Office Park, Edgewater offers a range of office spaces, from 45 square feet to 4,663 contiguous square feet, perfect for businesses of all sizes. This 102,400 square foot building, constructed in 1988, boasts a prime location in Polk County with convenient access to major highways including I-35/I-80, I-235, downtown Des Moines, and the Des Moines International Airport. The property features a private fiber network ensuring fast and cost-effective connectivity, along with plentiful free on-site parking. Enjoy the attractive landscaping, outdoor seating areas, and a beautiful pond and fountain. Additional amenities include a conference center, wellness center, and professional on-site property management. The building's prominent location offers excellent visibility from University Avenue and 42nd Street, with building signage opportunities available. Nearby amenities include restaurants, banks, and shopping centers, including Valley West Mall. Security features include card access. The park also offers beautiful green space with walking trails and picnic areas. Currently, one space is immediately available.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1988
Construction
STEEL FRAME
Total area
113,152 SF
Lot
8.43 ac (367,037 SF)
Zoning code
PCP
APN
320/04127-509-003
UPID
US25-0432106
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Financial Advisor
-
Accounting Firm Tax Preparation
-
Physician
-
Business Service Center Corporate Office
-
Consultant Accounting Firm
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.27M
Blend (final)
Blend
$8.37M
Owner & transaction history
since 2012
4 recorded transactions
Zoning & alternative use
PCP · West Des Moines, IA
Zoning description
$1f
General category
OPEN_SPACE
Top alternative use upside
Retail stores
$13.2M
+26.6%
Neighborhood: shopping center
$11.2M
+7.0%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$8.37M
Value range
$7.53M – $9.20M
±10% around blend
Estimated value / SF
$74 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$7.53M
blend $8.37M
$9.20M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
113,152 SF
Lot area
8.43 ac
Year built
1988
Stories
4
APN
320/04127-509-003
Zoning
PCP
Assessed value
$11,100,000
Annual tax
$289,054
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$9.27M
Range $5.66M – $15.81M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$8.37M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 24 sales
$92
-20%
Submarket 62 sales
$105
-30%
County 496 sales
$109
-32%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $74/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+27%
vs current-use indication
Neighborhood: Shopping Center
Commercial (general) · current use
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$11.10M
Move the market yield to see immediate price impact.
Value / SF
$98
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$699k
$13.99M
$9.99M
$7.77M
$777k
$15.54M
$11.10M
$8.63M
$855k
$17.09M
$12.21M
$9.50M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$289,054
Tax year 2020
Assessed value
$11,100,000
Assessed 2023
Previous assessed
$11,100,000
+0.0% YoY
Effective rate
2.60%
On assessed value
Assessed land
$3,190,000
Assessed improvement
$7,910,000
Land market value
$3,190,000
Improvement market value
$7,910,000
Total market value
$11,100,000
Applied tax rate
20.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1988
Construction
STEEL FRAME
Heating
YES
Buildings
1
Stories
4
Total area
113,152 SF
Lot
8.43 ac (367,037 SF)
Zoning code
PCP
APN
320/04127-509-003
UPID
US25-0432106
Jurisdiction
POLK
Zoning & alternative use
PCP · West Des Moines, IAZoning PCP · permitted uses
PCP · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
$1f
General category
OPEN_SPACE
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
YES
Stories
4
Buildings
1
Lot
8.43 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
PCP
OPEN_SPACE
Jurisdiction
West Des Moines, IA
Recorded code
PCP
Official district
PCP
Official district profile
What the municipal code says about PCP
Zoning description
$1f
General category
OPEN_SPACE
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for PCP in West Des Moines, IA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
Cited sourceThe exact document the profile quotes
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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