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Property profile & analytics
OFF-MARKET
Estimated value
$2,310,000
Investment properties
5015 Grand Rdg Dr, West Des Moines, IA 50265-5749
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0363410
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2003
Construction
FRAME
Total area
16,240 SF
Lot
1.78 ac (77,667 SF)
Zoning code
PUD OFFICE
APN
320/02724-216-000
UPID
US25-0363410
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
-
Shindler, Anderson, Goplerud & Weese P.C. Law Firm
-
Weese Ryan Law Firm
-
Tara L. Hofbauer Law Firm Child Welfare Organization
-
J. Barton Goplerud Law Firm
-
Andrew B. Howie Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.48M
Comparable Approach
Comparable
$2.03M
Blend (final)
Blend
$2.31M
Owner & transaction history
Kimeade LLC · 11 yrs held
Kimeade LLC
since 2015
4 recorded transactions
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.8M
+56.1%
Auto repair, garage
$2.5M
+40.8%
Apartment house (5+ units)
$2.5M
+37.2%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,680,000
6.5%
$2,475,000
7%
$2,295,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,790,000
Current use
RESTAURANT
$2,795,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,520,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,460,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$2,450,000
Change: +37% · Conversion: Easy
RETAIL STORES
$1,895,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$1,600,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$2.31M
Range $2.08M – $2.54M · ±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
$142 / 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
$49,538
Tax year 2020
Assessed value
$2,000,000
Assessed 2023
Previous assessed
$2,000,000
+0.0% YoY
Effective rate
2.48%
On assessed value
Assessed land
$708,000
Assessed improvement
$1,292,000
Land market value
$708,000
Improvement market value
$1,292,000
Total market value
$2,000,000
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
2003
Construction
FRAME
Heating
PACKAGE
Buildings
1
Stories
1
Total area
16,240 SF
Lot
1.78 ac (77,667 SF)
Zoning code
PUD OFFICE
APN
320/02724-216-000
UPID
US25-0363410
Jurisdiction
POLK
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Zoning PUD OFFICE · permitted uses
PUD OFFICE · 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
$1.8M
RESTAURANT
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
FRAME
Heating
PACKAGE
Stories
1
Buildings
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Kimeade LLC
Entity
Mailing address
9218 GREENBELT DR, URBANDALE, IA 50322-7450
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 24, 2015
$2,000,000
Kimeade LLC
Grand Ridge Property Development Ll
Warranty Deed
$1,600,000 · Northwest Bank
—
—
Grand Ridge Property Dev LLC
—
Deed Of Trust
related
$1,297,500 · Mutual Of Omaha Bank
—
—
Grand Ridge Property Dev LLC
—
Deed Of Trust
related
$1,820,000 · Bank Iowa
—
—
Grand Ridge Property Dev LLC
—
Deed Of Trust
related
$437,012 · Mutual Of Omaha 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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