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Property profile & analytics
OFF-MARKET
Estimated value
$13,305,000
Assisted living facilities
5050 Hawthorne Dr West Des Moines, IA 50265-5353
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0215024
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1998
Construction
FRAME
Total area
28,248 SF
Lot
2.52 ac (109,641 SF)
Zoning code
PUD OFFICE
APN
320/04947-805-000
UPID
US25-0215024
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
-
Bickford of West Des Moines Nursing Home Retirement Community
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.31M
Owner & transaction history
Bsl West Des Moines LLC · 5 yrs held
Bsl West Des Moines LLC
since 2021
Last sale
$13.5M
5 recorded transactions
Zoning & alternative use
PUD OFFICE · 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
Method
Estimation
Statistic approach
$12,940,000
ML approach
$9,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$13.31M
Range $11.97M – $14.64M · ±10% · vs last sale $13.49M (May 7 2021)
Last sale anchor
$13.49M
May 7 2021
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
$471 / 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
$75,616
Tax year 2020
Assessed value
$3,540,000
Assessed 2023
Previous assessed
$3,540,000
+0.0% YoY
Effective rate
2.14%
On assessed value
Assessed land
$775,000
Assessed improvement
$2,765,000
Land market value
$775,000
Improvement market value
$2,765,000
Total market value
$3,540,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
YES
Buildings
1
Stories
2
Units
49
Total area
28,248 SF
Lot
2.52 ac (109,641 SF)
Zoning code
PUD OFFICE
APN
320/04947-805-000
UPID
US25-0215024
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.
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Buildings
1
Units
49
Lot
2.52 ac
Current owner
From public records · entity-resolved
Bsl West Des Moines LLC
Entity
Mailing address
13795 S MUR LEN RD STE #301, OLATHE, KS 66062-1096
Ownership since
2021
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
May 7, 2021
$13,485,000
Bsl West Des Moines LLC
Nhi Reit Of Bickford LLC
Special Warranty Deed
$45,000,000 · Capital Funding
May 24, 2016
$16,339,000
Nhi-reit Of Bickford LLC
Bsl West Des Moines LLC
Grant Deed
—
Jun 15, 2011
$9,780,000
Hsre-bsl West Des Moines LLC
West Des Moines Bickford Cotta
Deed Of Trust
$44,000,000 · Cit Healthcare LLC
—
—
Des Moines Bickford Cott West
—
Deed Of Trust
related
$1,535,000 · Mma Mortgage Investment Corp
—
—
Hsre-bsl West Des Moines LLC
—
Deed Of Trust
related
$72,225,000 · Key Bank & Trust
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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