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Property profile & analytics
OFF-MARKET
Residential income homes
556 16th St West Des Moines, IA 50265-4311
Entity Owned
5-yr Hold
Property ID
US25-0078434
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
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
by Request
Owner & transaction history
Dickey Properties LLC · 5 yrs held
Dickey Properties LLC
since 2020
7 recorded transactions
Zoning & alternative use
SF-VJ · 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
—
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
$5,750
Tax year 2020
Assessed value
$338,000
Assessed 2023
Previous assessed
$338,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$44,200
Assessed improvement
$293,800
Land market value
$44,200
Improvement market value
$293,800
Total market value
$338,000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1960
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
1
Units
4
Total area
3,120 SF
Lot
0.28 ac (12,150 SF)
Zoning code
SF-VJ
APN
320/01397-000-000
UPID
US25-0078434
Jurisdiction
POLK
Zoning & alternative use
SF-VJ · West Des Moines, IA
Zoning SF-VJ · permitted uses
SF-VJ · 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
1960
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
1
Units
4
Lot
0.28 ac
Current owner
From public records · entity-resolved
Dickey Properties LLC
Entity
Mailing address
PO BOX 193, WAUKEE, IA 50263-0193
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
$280,000
Dickey Properties LLC
Klnn 4051 LLC
Warranty Deed
$224,000 · First National Bank Ames Iowa
Dec 19, 2017
$225,000
Klnn LLC
Ale LLC
Warranty Deed
$250,000 · Luana Savings Bank
Dec 5, 2014
$173,500
Ale LLC
Emerald Isle Properties LLC
Warranty Deed
$379,825 · West Bank
Aug 11, 2009
$180,000
Emerald Isle Properties LLC
Mcclish,michael T & June L
Warranty Deed
$137,260 · Security State Bank
Aug 11, 2009
$125,000
Michael T Mcclish
Ahart Ents LLC
Grant Deed
related
—
Mar 1, 2006
—
Ahart Ents LLC
Ahart,robert
Quit Claim Deed
—
Feb 22, 2006
—
Robert Ahart
Ahart William L Trust
Quit Claim Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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