Financial
Distress signals
Property profile

650 S Prairie View Dr West Des Moines, IA 50266

FOR LEASE
Strip malls
Property ID
US25-0252458
7,242 SF 8.18 ac lot Built 2005
Last sale Apr 2012 · $23,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 14-yr Hold Held for 14 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office space located within West Glen Town Center, a 417,000-square-foot mixed-use lifestyle center. West Glen Town Center includes retail and entertainment components, as well as 154 residential apartment units, and it is situated along a retail corridor totaling over 2 million square feet. The overall town center occupies 27 acres and is positioned at the northwest corner of Interstate 35 and Mills Civic Parkway, with Jordan Creek Town Center located less than one mile away.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$291k
Tax billed · 2020
Assessed value · 2023$11.10M
Assessed land$3.36M
Assessed improvement$7.74M
Effective rate2.62%

Value estimate

· Sep 2026
$800k
$720k – $880k
Submarket $/SF estimate$1.10M
NOI build-up
Gross scheduled income$159k
Vacancy & credit loss−$32k
Operating expenses−$32k
NOI · 734,007.69% cap applied$95k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$99/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$47 – $152

Cap rate analysis

How does the asset earn?
734,007.69%
$95k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
PUD B&C
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply14.1
HVAC Service12.8
Auto Repair Shop12.6

Location

650 S Prairie View Dr West Des Moines, IA 50266
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
490 68th, West Des Moines, IA 50266-8428 $751,000 Feb 2025 7,096 SF
5917 Ashworth, West Des Moines, IA 50266-7109 $6,300,000 Apr 2023 14,680 SF
2600 University, West Des Moines, IA 50266-1456 $5,050,000 Nov 2021 48,424 SF
5901 Ashworth, West Des Moines, IA 50266-7109 $1,050,000 Nov 2020 6,000 SF
6750 Westown, West Des Moines, IA 50266-7715 $3,950,000 Feb 2020 29,150 SF
3920 University, West Des Moines, IA 50266 $51,196,000 May 2019 35,411 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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