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Property profile & analytics
OFF-MARKET
Estimated value
$5,685,000
Investment properties
5930 Grand Ave West Des Moines, IA 50266-5302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-2559537
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2020
Construction
STEEL FRAME
Total area
31,500 SF
Lot
4.98 ac (216,929 SF)
Zoning code
PUD IND
APN
320/04927-004-026
UPID
US25-2559537
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
-
Wright Service Corp. Environmental Consultant
-
CN Utility Consulting (CNUC) Business Management Consultant
-
Terra Spectrum Technologies (Bike/Boat/Book/etc) Store Corporate Office
-
Eocene Environmental Group Environmental Consultant
-
Wright Tree Service Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.72M
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$4.40M
Blend (final)
Blend
$5.69M
Owner & transaction history
Wright Real Property Holdings LLC · 4 yrs held
Wright Real Property Holdings LLC
since 2021
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
PUD IND · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.4M
+86.8%
Auto repair, garage
$4.9M
+68.5%
Apartment house (5+ units)
$4.8M
+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
$6,375,000
ML approach
$5,720,000
CAP Approach
CAP Return
Estimation
6%
$5,200,000
6.5%
$4,800,000
7%
$4,455,000
Alternative Use
Use
Estimation
RESTAURANT
$5,425,000
Change: +87% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,895,000
Change: +69% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,770,000
Change: +64% · Conversion: Moderate
MEDICAL BUILDING
$4,755,000
Change: +64% · Conversion: Easy
RETAIL STORES
$3,675,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$5.69M
Range $5.12M – $6.25M · ±10% · vs last sale $6.41M (Oct 1 2021)
Last sale anchor
$6.41M
Oct 1 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
$180 / 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
$178,332
Tax year 2020
Assessed value
$6,550,000
Assessed 2023
Previous assessed
$6,550,000
+0.0% YoY
Effective rate
2.72%
On assessed value
Assessed land
$2,030,000
Assessed improvement
$4,520,000
Land market value
$2,030,000
Improvement market value
$4,520,000
Total market value
$6,550,000
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
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
2
Stories
1
Total area
31,500 SF
Lot
4.98 ac (216,929 SF)
Zoning code
PUD IND
APN
320/04927-004-026
UPID
US25-2559537
Jurisdiction
POLK
Zoning & alternative use
PUD IND · West Des Moines, IA
Zoning PUD IND · permitted uses
PUD IND · 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
RESTAURANT
Est. value
$5.4M
AUTO REPAIR, GARAGE
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.8M
MEDICAL BUILDING
Est. value
$4.8M
RETAIL STORES
Est. value
$3.7M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
2020
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
2
Lot
4.98 ac
Current owner
From public records · entity-resolved
Wright Real Property Holdings LLC
Entity
Mailing address
5930 GRAND AVE, WEST DES MOINES, IA 50266-5302
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2021
$6,412,500
Wright Real Property Holdings LLC
Wright Service Corp
Warranty Deed
—
Aug 8, 2019
—
Wright Tree Svc INC
—
Deed
related
$90,000,000 · Cibc Bk USA
Jan 25, 2012
—
Wright Service Corp
River Glen Dev Co LLC
Grant Deed
related
—
Nov 10, 2011
$4,395,000
Wright Service Corp
River Glen Dev Co LLC
Warranty Deed
related
$3,150,000 · Privatebank & Tr
May 11, 2007
$1,037,000
River Glen Dev Co LLC
Vratsinas,john H & Stacy A
Warranty Deed
$3,820,000 · Bank Iowa/w Des Moines
Jul 6, 2005
$630,000
Vratsinas,john H
M & F Investments LLC
Warranty Deed
$590,000 · Bank Iowa
—
—
Wright Service Corp
—
Loan Modification
related
$4,117,500 · Private Bk
—
—
Wright Tree Svc INC
—
Deed Of Trust
related
$90,000,000 · Cibc Bk USA
—
—
Wright Service Corp
—
Deed Of Trust
related
$3,442,125 · Private Bk
—
—
John Vratsinas Coml Bldrs INC
—
Deed Of Trust
related
$200,000 · Bank Iowa/w Des Moines
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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