Technical
Financial
Distress signals
Property profile

556 16th St West Des Moines, IA 50265

OFF-MARKET
Residential income homes
Property ID
US25-0078434
3,120 SF 0.28 ac lot Built 1960
Entity Owned 6-yr Hold
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1960
Construction FRAME
Total area 3,120 SF
Lot 0.28 ac (12,150 SF)
Zoning code SF-VJ
APN 320/01397-000-000
UPID US25-0078434

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

556 16th St West Des Moines, IA 50265-4311
West Des Moines metro Census 11001 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$205k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$205k

Owner & transaction history

since 2020
7 recorded transactions
2020
$280,000
2017
$225,000
2014
$173,500
2009
$180,000
2009
$125,000
2006
Price N/A
2006
Price N/A

Zoning & alternative use

SF-VJ · West Des Moines, IA
Zoning description

The purpose of this district is to recognize and encourage the existing and unique residential neighborhood in Valley Junction as a neighborhood of single family dwellings with a typical lot size of six thousand (6000) s…

General category RESIDENTIAL

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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