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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Investment properties
4201 Corporate Dr West Des Moines, IA 50266-5906
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-0370513
Property summary
AI-generated overview
This exceptional West Des Moines office property at 4201 Corporate Drive offers up to 13,000 contiguous square feet of flexible space, perfect for a variety of businesses. The single-story building features a mix of medical, traditional, and executive office suites, ideal for companies seeking a collaborative and modern work environment. Currently available is a single, large space, allowing for customization to meet specific tenant needs. The property is situated in a thriving corporate area of West Des Moines, Iowa, offering convenient access to major transportation routes and amenities. This is a multi-tenant building, providing a dynamic and forward-thinking atmosphere. Sharing the building with Iowa Diabetes, a healthcare innovation leader, presents a unique opportunity for synergistic partnerships. The lease rate is inclusive of utilities, water, and janitorial services, simplifying budgeting and operational management. The address is 4201 Corporate Dr, West Des Moines, IA 50266. This is a rare opportunity to secure prime office space in a highly desirable location. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2016
Construction
STEEL FRAME
Total area
30,786 SF
Lot
3 ac (130,724 SF)
Zoning code
PCP
APN
320/04947-031-026
UPID
US25-0370513
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
-
Lifespace Communities Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.58M
CAP Approach
CAP
$4.69M
Comparable Approach
Comparable
$3.44M
Blend (final)
Blend
$3.58M
Owner & transaction history
Kavi Ventures LLC · 1 yrs held
Kavi Ventures LLC
since 2024
Last sale
$3.6M
3 recorded transactions
Zoning & alternative use
PCP · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.3M
+86.8%
Auto repair, garage
$4.8M
+68.5%
Apartment house (5+ units)
$4.7M
+64.2%
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
$3,580,000
ML approach
$3,580,000
CAP Approach
CAP Return
Estimation
6%
$5,080,000
6.5%
$4,690,000
7%
$4,355,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,840,000
Current use
RESTAURANT
$5,300,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,780,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,660,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$4,645,000
Change: +64% · Conversion: Easy
RETAIL STORES
$3,590,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$3,035,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,625,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $3.58M (Sep 11 2024)
Last sale anchor
$3.58M
Sep 11 2024
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
$116 / 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
$105,382
Tax year 2020
Assessed value
$4,120,000
Assessed 2023
Previous assessed
$4,120,000
+0.0% YoY
Effective rate
2.56%
On assessed value
Assessed land
$1,190,000
Assessed improvement
$2,930,000
Land market value
$1,190,000
Improvement market value
$2,930,000
Total market value
$4,120,000
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
2016
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
YES
Buildings
1
Stories
2
Total area
30,786 SF
Lot
3 ac (130,724 SF)
Zoning code
PCP
APN
320/04947-031-026
UPID
US25-0370513
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
$2.8M
RESTAURANT
Est. value
$5.3M
AUTO REPAIR, GARAGE
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.6M
RETAIL STORES
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
WAREHOUSE, STORAGE
Est. value
$2.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2016
Construction
STEEL FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
1
Lot
3 ac
Current owner
From public records · entity-resolved
Kavi Ventures LLC
Entity
Mailing address
4201 CORPORATE DR, WEST DES MOINES, IA 50266-5906
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$3,579,500
Kavi Ventures LLC
Lifespace Communities INC
Warranty Deed
$3,408,932 · Midwest Heritage Bank Fsb
Apr 29, 2016
$1,850,000
Lifespace Communities INC
Go Buildings LLC
Warranty Deed
—
Jan 9, 2015
$50,000
Go Buildings LLC
Iowa Network Services INC
Grant 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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