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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Investment properties
5901 Mls Civic Pkwy 6000 West Des Moines, IA 50266-8427
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-2435414
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Construction
STEEL FRAME
Total area
5,150 SF
Lot
1.3 ac (56,497 SF)
APN
320/03028-500-006
UPID
US25-2435414
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
$395k
CAP Approach
CAP
$785k
Comparable Approach
Comparable
$720k
Blend (final)
Blend
$600k
Owner & transaction history
HURD MILLS LLC
HURD MILLS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$885,000
+86.8%
Auto repair, garage
$800,000
+68.5%
Apartment house (5+ units)
$780,000
+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
$395,000
CAP Approach
CAP Return
Estimation
6%
$850,000
6.5%
$785,000
7%
$730,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$475,000
Current use
RESTAURANT
$885,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$800,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$780,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$775,000
Change: +64% · Conversion: Easy
RETAIL STORES
$600,000
Change: +27% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$510,000
Change: +7% · Conversion: Difficult
WAREHOUSE, STORAGE
$440,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$58,100
Tax year 2020
Assessed value
$2,220,000
Assessed 2023
Previous assessed
$2,220,000
+0.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$1,340,000
Assessed improvement
$880,000
Land market value
$1,340,000
Improvement market value
$880,000
Total market value
$2,220,000
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
2017
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
5,150 SF
Lot
1.3 ac (56,497 SF)
APN
320/03028-500-006
UPID
US25-2435414
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$475,000
RESTAURANT
Est. value
$885,000
AUTO REPAIR, GARAGE
Est. value
$800,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$780,000
MEDICAL BUILDING
Est. value
$775,000
RETAIL STORES
Est. value
$600,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$510,000
WAREHOUSE, STORAGE
Est. value
$440,000
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
2017
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
1.3 ac
Current owner
From public records · entity-resolved
HURD MILLS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2000 FULLER RD, WEST DES MOINES, IA 50265-5601
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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