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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Banks
620 60th St West Des Moines, IA 50266-5840
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US25-0303317
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2007
Construction
STEEL FRAME
Total area
16,856 SF
Lot
1.52 ac (66,255 SF)
Zoning code
PUD OFFICE
APN
320/04127-198-039
UPID
US25-0303317
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
-
Bankers Trust Bank Loan Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$607k
Blend (final)
Blend
$515k
Owner & transaction history
Ents Lc Hedden · 13 yrs held
Ents Lc Hedden
since 2013
7 recorded transactions
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±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
$31 / 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
$95,052
Tax year 2020
Assessed value
$3,730,000
Assessed 2023
Previous assessed
$3,730,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$1,040,000
Assessed improvement
$2,690,000
Land market value
$1,040,000
Improvement market value
$2,690,000
Total market value
$3,730,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
2
Total area
16,856 SF
Lot
1.52 ac (66,255 SF)
Zoning code
PUD OFFICE
APN
320/04127-198-039
UPID
US25-0303317
Jurisdiction
POLK
Zoning & alternative use
PUD OFFICE · West Des Moines, IA
Zoning PUD OFFICE · permitted uses
PUD OFFICE · 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.
Building & site characteristics
From public records
Year built
2007
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Buildings
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Ents Lc Hedden
Individual
Mailing address
5648 GLN OAKS PT, WEST DES MOINES, IA 50266-6625
Ownership since
2013
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
Jun 7, 2021
—
Hedderi Enterprises Lc
—
Deed
related
$500,000 · Bankers Trust Company NA
Apr 17, 2013
$2,687,000
Ents Lc Hedden
Republic Bk
Grant Deed
—
Apr 9, 2013
—
Ents Lc Hedden
—
Deed Of Trust
related
$1,400,000 · Bankers Trust Co
Dec 19, 2012
$4,050,000
Coml Bk First
Sheriff Of Polk County
Trustees Deed
related
—
Sep 18, 2012
$3,677,111
Great Wstrn Bk
Sheriff Of Polk County
Trustees Deed
related
—
Jul 31, 2008
$323,500
Lb Properties Xxiii LLC
Pgc LLC-1
Warranty Deed
—
Mar 23, 2007
—
Pgc LLC-1
—
Trustees Deed
related
$584,000 · First Commercial Bank
—
—
Pgc LLC-1
—
Deed Of Trust
related
$1,771,000 · First Commercial Bank
—
—
Lb Properties Xxiii LLC
—
Deed Of Trust
related
$216,000 · Ladco G1 Capital LLC
—
—
Lb Properties Xxiii LLC
—
Deed Of Trust
related
$132,218 · Ladco Capital INC
—
—
Pgc LLC-1
—
Deed Of Trust
related
$2,901,000 · First Commercial 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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