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Property profile & analytics
OFF-MARKET
Estimated value
$620,000
Investment properties
580 Market St West Des Moines, IA 50266-3907
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US25-0440896
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2015
Construction
STEEL FRAME
Total area
5,288 SF
Lot
0.29 ac (12,682 SF)
Zoning code
PUD B&C
APN
320/04127-198-045
UPID
US25-0440896
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
-
West Des Moines Family Dentistry Dental Office
-
Chad King, D.D.S. Dental Office
-
Dr. David Lickteig Dental Office
-
Uplift Delivery, a division of Professional Project Partners Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$415k
CAP Approach
CAP
$805k
Comparable Approach
Comparable
$739k
Blend (final)
Blend
$620k
Owner & transaction history
Oakwood Investments LLC · 12 yrs held
Oakwood Investments LLC
since 2014
4 recorded transactions
Zoning & alternative use
PUD B&C · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$910,000
+86.8%
Auto repair, garage
$820,000
+68.5%
Apartment house (5+ units)
$800,000
+64.2%
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
$415,000
CAP Approach
CAP Return
Estimation
6%
$875,000
6.5%
$805,000
7%
$750,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$485,000
Current use
RESTAURANT
$910,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$820,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$800,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$800,000
Change: +64% · Conversion: Easy
RETAIL STORES
$615,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$450,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$620k
Range $558k – $682k · ±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
$117 / 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
$30,816
Tax year 2020
Assessed value
$997,000
Assessed 2023
Previous assessed
$997,000
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$155,000
Assessed improvement
$842,000
Land market value
$155,000
Improvement market value
$842,000
Total market value
$997,000
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
2015
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
5,288 SF
Lot
0.29 ac (12,682 SF)
Zoning code
PUD B&C
APN
320/04127-198-045
UPID
US25-0440896
Jurisdiction
POLK
Zoning & alternative use
PUD B&C · West Des Moines, IA
Zoning PUD B&C · permitted uses
PUD B&C · 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
$485,000
RESTAURANT
Est. value
$910,000
AUTO REPAIR, GARAGE
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$800,000
MEDICAL BUILDING
Est. value
$800,000
RETAIL STORES
Est. value
$615,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$450,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
2015
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Oakwood Investments LLC
Entity
Mailing address
4108 OAKWOOD LN, WEST DES MOINES, IA 50265-5389
Ownership since
2014
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
Jun 23, 2014
$125,000
Oakwood Investments LLC
Great Western Bank
Special Warranty Deed
$106,250 · Freedom Financial Bank
Sep 18, 2012
$3,677,111
Great Wstrn Bk
Sheriff Of Polk County
Trustees Deed
related
—
Jun 30, 2011
—
Pgc LLC-2
—
Deed Of Trust
related
$2,620,306 · Ladco Capital INC
—
—
Oakwood Investments LLC
—
Loan Modification
related
$1,160,000 · Freedom Fin'l Bk
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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