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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Medical Office Space
6100 Westown Pkwy West Des Moines, IA 50266-7757
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0115853
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Total area
18,701 SF
Lot
8.17 ac (356,084 SF)
APN
1601200013
UPID
US25-0115853
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
-
John Trible Ophthalmologist
-
Wolfe Surgery Center Medical Clinic Hospital
-
Des Moines LASIK Center Medical Clinic Hospital
-
David Saggau Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$385k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$651k
Blend (final)
Blend
$520k
Owner & transaction history
Wolfe R & E Inv LLC · 7 yrs held
Wolfe R & E Inv LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$620,000
+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
$385,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$490,000
Current use
APARTMENT HOUSE (5+ UNITS)
$620,000
Change: +27% · Conversion: Moderate
Blend value · Realmo final
$520k
Range $468k – $572k · ±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
$28 / 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
$444,426
Tax year 2022
Assessed value
$16,343,600
Assessed 2023
Previous assessed
$14,471,490
+12.9% YoY
Effective rate
2.72%
On assessed value
Assessed land
$2,492,590
Assessed improvement
$13,851,010
Land market value
$2,492,590
Improvement market value
$13,851,010
Total market value
$16,343,600
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
2003
Heating
NONE
Buildings
2
Stories
1
Total area
18,701 SF
Lot
8.17 ac (356,084 SF)
APN
1601200013
UPID
US25-0115853
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
$490,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$620,000
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
2003
Heating
NONE
Stories
1
Buildings
2
Lot
8.17 ac
Current owner
From public records · entity-resolved
Wolfe R & E Inv LLC
Entity
Mailing address
309 E CHURCH ST, MARSHALLTOWN, IA 50158-2946
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
—
Wolfe Real Estate Investment LLC
—
Deed
related
$24,575,250 · West Bank
Jan 28, 2020
—
Wolfe R & E Inv LLC
—
Deed Of Trust
related
$12,000,000 · Wells Fargo Bk
Jan 13, 2020
—
Wolfe R & E Inv LLC
—
Deed
related
$3,000,000 · Wells Fargo Bk
Jun 27, 2019
$20,525,500
Wolfe R & E Inv LLC
Clinic Invs INC
Warranty Deed
—
Apr 22, 2019
—
Clinic Invs INC
—
Trustees Deed
related
$12,000,000 · Wells Fargo Bk
Oct 24, 2016
—
Clinic Investments INC
—
Deed
related
$7,999,900 · Wells Fargo Bk
—
—
Clinic Invs INC
—
Deed Of Trust
related
$4,000,000 · Wells Fargo Bk
—
—
Clinic Investments INC
—
Deed Of Trust
related
$4,400,000 · Wells Fargo Bank
—
—
Clinic Investments INC
—
Deed Of Trust
related
$7,999,900 · Wells Fargo Bk
—
—
Wolfe R & E Inv LLC
—
Deed Of Trust
related
$3,000,000 · Wells Fargo Bk
—
—
Clinic Investments INC
—
Deed Of Trust
related
$2,950,000 · Wells Fargo Bank
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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