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Property profile & analytics
OFF-MARKET
Estimated value
$1,515,000
Strip malls
4800 Mls Civic Pkwy, West Des Moines, IA 50265-5263
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0245492
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2001
Construction
FRAME
Total area
50,236 SF
Lot
3.14 ac (136,778 SF)
Zoning code
PUD B&C
APN
320/00285-012-000
UPID
US25-0245492
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.52M
Owner & transaction history
High Street 5 LLC · 5 yrs held
High Street 5 LLC
since 2020
5 recorded transactions
Zoning & alternative use
PUD B&C · 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
$30 / 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
$236,088
Tax year 2020
Assessed value
$7,084,900
Assessed 2023
Previous assessed
$7,084,900
+0.0% YoY
Effective rate
3.33%
On assessed value
Assessed land
$2,016,900
Assessed improvement
$5,068,000
Land market value
$2,016,900
Improvement market value
$5,068,000
Total market value
$7,084,900
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2001
Construction
FRAME
Heating
PACKAGE
Cooling
YES
Buildings
4
Stories
2
Total area
50,236 SF
Lot
3.14 ac (136,778 SF)
Zoning code
PUD B&C
APN
320/00285-012-000
UPID
US25-0245492
Jurisdiction
POLK
Zoning & alternative use
PUD B&C · West Des Moines, IA
Zoning PUD B&C · permitted uses
PUD B&C · 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
2001
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
2
Buildings
4
Lot
3.14 ac
Current owner
From public records · entity-resolved
High Street 5 LLC
Entity
Mailing address
5000 WESTOWN PKWY STE #400, WEST DES MOINES, IA 50266-5921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2020
$50,000
High Street 5 LLC
Mond Hms LLC
Warranty Deed
$241,000 · State Svgs
Sep 14, 2018
—
Wayne W Hagen
Hagen,wayne W & Sarah J
Affidavit Of Death
related
—
Jul 31, 2015
$7,800,000
Mdm Equity 2015 LLC
Somerfield Investor Jut LLC
Warranty Deed
$5,850,000 · First National Bank Ames Iowa
Jul 8, 2013
—
Somerfield Investor Jut LLC
Somerfield Village Ptrs LLC
Quit Claim Deed
related
—
—
—
Somerfield Investor Hut LLC
—
Deed Of Trust
related
$7,100,000 · First National Bank
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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