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Property profile & analytics
OFF-MARKET
Estimated value
$6,095,000
Investment properties
4700 Westown Pkwy West Des Moines, IA 50266-6718
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0357653
Property summary
AI-generated overview
Regency West 4 offers exceptional office space in West Des Moines, Iowa. This Class A building, part of the eight-building Regency West Office Park, boasts a total of 72,167 square feet. Currently, multiple suites are available, ranging from 11,437 to 26,980 square feet, providing flexibility for businesses of various sizes. The property features a private fiber network, ensuring high-speed internet connectivity, and a wellness center for employee well-being. Professional on-site property management ensures seamless operations. The convenient location offers easy access to major roadways, including I-35/I-80, I-235, downtown Des Moines, and the Des Moines International Airport. Enjoy the benefits of ample free on-site parking, attractive landscaping, and inviting plazas with outdoor seating. The surrounding area provides convenient access to numerous amenities, including restaurants, banks, and shopping centers, such as Valley West Mall. This is a prime opportunity to secure high-quality office space in a thriving business community. The building's strategic location and comprehensive amenities make it an ideal choice for businesses seeking a productive and comfortable work environment. Contact us today to learn more about available suites and lease terms.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1984
Construction
STEEL FRAME
Total area
73,386 SF
Lot
11.12 ac (484,300 SF)
Zoning code
PCP
APN
320/03977-204-003
UPID
US25-0357653
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
-
Regency West Office Park Business Service Center Corporate Office
-
MetLife Insurance Agency
-
FedEx Drop Box Postal Service Courier Service
-
Fleetwood International Acquisitions Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.49M
Blend (final)
Blend
$6.10M
Owner & transaction history
R & R REALTY GROUP
R & R REALTY GROUP
Zoning & alternative use
PCP · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.6M
+26.6%
Neighborhood: shopping center
$7.2M
+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)
$6,765,000
Current use
RETAIL STORES
$8,560,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$7,235,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$6,260,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$6.10M
Range $5.49M – $6.70M · ±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
$83 / 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 2023Property tax & assessments
Tax year 2023
Assessed value
$8,970,000
Assessed 2023
Previous assessed
$8,970,000
+0.0% YoY
Assessed land
$4,910,000
Assessed improvement
$4,060,000
Land market value
$4,910,000
Improvement market value
$4,060,000
Total market value
$8,970,000
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
1984
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
2
Stories
3
Total area
73,386 SF
Lot
11.12 ac (484,300 SF)
Zoning code
PCP
APN
320/03977-204-003
UPID
US25-0357653
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
$6.8M
RETAIL STORES
Est. value
$8.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
WAREHOUSE, STORAGE
Est. value
$6.3M
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
1984
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Lot
11.12 ac
Current owner
From public records · entity-resolved
R & R REALTY GROUP
Entity
Free & Clear · 0 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
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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