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Property profile & analytics
OFF-MARKET
Estimated value
$1,635,000
Medical Office Space
6001 Westown Pkwy West Des Moines, IA 50266-7702
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0087504
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1994
Total area
66,708 SF
Lot
9.75 ac (424,710 SF)
APN
1601200021
UPID
US25-0087504
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
-
Kary Schulte, MD Physician
-
DMOS Orthopaedic Centers Medical Clinic
-
DMOS Physical Therapy Medical Clinic
-
Twedt Nichole Physician
-
Dr. Douglas S. Reagan, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.64M
Owner & transaction history
Sherman Hills R & E Ptshp LLP · 5 yrs held
Sherman Hills R & E Ptshp LLP
since 2020
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.2M
+27.3%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,740,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,215,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$1.64M
Range $1.47M – $1.80M · ±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
$25 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$557,700
Tax year 2022
Assessed value
$20,797,710
Assessed 2023
Previous assessed
$18,144,900
+14.6% YoY
Effective rate
2.68%
On assessed value
Assessed land
$2,972,970
Assessed improvement
$17,824,740
Land market value
$2,972,970
Improvement market value
$17,824,740
Total market value
$20,797,710
Applied tax rate
690,000.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1994
Heating
NONE
Buildings
2
Stories
2
Total area
66,708 SF
Lot
9.75 ac (424,710 SF)
APN
1601200021
UPID
US25-0087504
Jurisdiction
DALLAS
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
MEDICAL BUILDING Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
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
1994
Heating
NONE
Stories
2
Buildings
2
Lot
9.75 ac
Current owner
From public records · entity-resolved
Sherman Hills R & E Ptshp LLP
Entity
Mailing address
6001 WESTOWN PKWY, WEST DES MOINES, IA 50266-7702
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 8, 2020
—
Sherman Hills R & E Ptshp LLP
—
Deed
related
$27,993 · Iowa St Bk
Oct 27, 2004
—
Sherman Hills R/e Ptshp LLP
—
Deed Of Trust
related
$6,410,000 · Bankers Trust Co
—
—
Sherman Hills R/e Ptshp LLP
—
Deed Of Trust
related
$10,180,000 · Bankers Trust Co
—
—
Sherman Hills R & E Ptshp LLP
—
Deed Of Trust
related
$27,993 · Iowa St Bk
—
—
Sherman Hills R & E Ptshp LLP
—
Deed Of Trust
related
$6,000,000 · Iowa St 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.
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