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Property profile & analytics
FOR LEASE
Office buildings
6600 Westown Pkwy West Des Moines, IA 50266
Entity Owned
5-yr Hold
Free & Clear
Property ID
US25-0073834
For Lease
1 / 5
$16 SF/Yr
6600 Westown Pkwy, West Des Moines, IA 50266
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2003
Total area
80,440 SF
Lot
6.75 ac (293,899 SF)
APN
1601200011
UPID
US25-0073834
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
-
Parkway Periodontal Group Dental Office
-
Julie K. Statz Dental Office
-
Todd Jenkins L.M.F.T., L.M.H.C. Physician Medical Clinic
-
Latham Consulting, LLC Medical Clinic Physician
-
Strategic America Advertising Agency Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$615k
Owner & transaction history
98 Investments LLC · 5 yrs held
98 Investments LLC
since 2021
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
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
$540,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$615k
Range $554k – $677k · ±10% · vs last sale $600k (Feb 22 2021)
Last sale anchor
$600k
Feb 22 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
$8 / 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
$360,826
Tax year 2022
Assessed value
$12,496,760
Assessed 2023
Previous assessed
$12,496,760
+0.0% YoY
Effective rate
2.89%
On assessed value
Assessed land
$2,057,290
Assessed improvement
$10,439,470
Land market value
$2,057,290
Improvement market value
$10,439,470
Total market value
$12,496,760
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
2003
Heating
NONE
Stories
2
Total area
80,440 SF
Lot
6.75 ac (293,899 SF)
APN
1601200011
UPID
US25-0073834
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
Building & site characteristics
From public records
Year built
2003
Heating
NONE
Stories
2
Lot
6.75 ac
Current owner
From public records · entity-resolved
98 Investments LLC
Entity
Free & Clear · 5 yrs held
Mailing address
6750 WESTOWN PKWY STE #200, WEST DES MOINES, IA 50266-7717
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 22, 2021
$600,000
98 Investments LLC
Chad A Mohr
Warranty Deed
—
Nov 13, 2019
$468,625
98 Invs LLC
Building Read LLC
Warranty Deed
—
Oct 15, 2014
$8,826,500
National Life Ins
Nlv Financial Corp
Grant Deed
—
Jan 25, 2010
—
National Life R/e Holdings LLC
Nlv Financial Corp
Quit Claim Deed
related
—
Mar 3, 2009
—
Nlv Financial Corp
Regency Building Lc
Grant Deed
$9,150,000 · Nlv Financial Corp
Aug 15, 2007
—
Regency Homes Of Eastern Iowa Lc
Huntington Ridge Lc
Quit Claim Deed
related
$15,000,000 · Regions Bank
—
—
Regency Building Lc
—
Deed Of Trust
related
$1,600,000 · Bankers Trust Co
—
—
Regency Building Lc
—
Deed Of Trust
related
$500,000 · Visionbank Of Iowa
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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