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Property profile & analytics
FOR LEASE
Investment properties
4546 Corporate Dr West Des Moines, IA 50266
Entity Owned
19-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0161639
For Lease
1 / 4
$11.95 SF/Yr
4546 Corporate Dr, West Des Moines, IA 50266
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1997
Construction
STEEL FRAME
Total area
62,213 SF
Lot
6.48 ac (282,095 SF)
Zoning code
PCP
APN
320/04127-505-000
UPID
US25-0161639
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
-
Helena Agri Enterprises LLC Chemical Plant Agricultural Supply
-
Brokers Clearing House Ltd Insurance Agency
-
Five Nines Tech Support Center IT Consulting Firm
-
Amerishield Insurance Agency
-
Crowley Barbara A Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.43M
Blend (final)
Blend
$4.45M
Owner & transaction history
Three Fountains I LLC · 19 yrs held
Three Fountains I LLC
since 2006
2 recorded transactions
Zoning & alternative use
PCP · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.3M
+26.6%
Neighborhood: shopping center
$6.1M
+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)
$5,735,000
Current use
RETAIL STORES
$7,260,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$6,135,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,305,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$4.45M
Range $4.00M – $4.89M · ±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
$71 / 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
$159,288
Tax year 2020
Assessed value
$5,300,000
Assessed 2023
Previous assessed
$5,300,000
+0.0% YoY
Effective rate
3.01%
On assessed value
Assessed land
$2,140,000
Assessed improvement
$3,160,000
Land market value
$2,140,000
Improvement market value
$3,160,000
Total market value
$5,300,000
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 Lease
Year built
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
62,213 SF
Lot
6.48 ac (282,095 SF)
Zoning code
PCP
APN
320/04127-505-000
UPID
US25-0161639
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
$5.7M
RETAIL STORES
Est. value
$7.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.1M
WAREHOUSE, STORAGE
Est. value
$5.3M
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
1997
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Lot
6.48 ac
Current owner
From public records · entity-resolved
Three Fountains I LLC
Entity
Free & Clear · 19 yrs held
Mailing address
1080 JORDAN CRK PKWY STE #200, WEST DES MOINES, IA 50266-6004
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
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
Jul 27, 2006
—
Three Fountains I LLC
Fountain Three
Quit Claim Deed
related
—
—
—
Three Fountains II LLC
—
Loan Modification
related
—
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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