Property profile

490 68th St West Des Moines, IA 50266

OFF-MARKET
Strip malls
Property ID
US25-0088726
7,096 SF 1.69 ac lot Built 2008
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Total area 7,096 SF
Lot 1.69 ac (73,616 SF)
APN 1613252005
UPID US25-0088726

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
  • Take-out & Catering Catering Service
  • Mobile Phone Store Electronics & Wireless Store

Location

490 68th St West Des Moines, IA 50266-8428
West Des Moines metro Census 50816 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$490k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$670k

Owner & transaction history

since 2025
Last sale
$751,000
7 recorded transactions
2025
$751,000
2021
Price N/A
2021
Price N/A
2017
Price N/A
2010
$1.4M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Auto repair, garage $790,000 +440.7%
Industrial (general) $475,000 +225.2%
Office building $425,000 +191.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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