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Property profile & analytics
OFF-MARKET
Estimated value
$5,480,000
Office buildings
6601 Westown Pkwy West Des Moines, IA 50266-7731
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-0379936
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
48,726 SF
Lot
5.3 ac (230,868 SF)
APN
1601200028
UPID
US25-0379936
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
-
Hockenberg Louis R - Sullivan & Ward P.C. Law Firm
-
Vroman Group Accounting Firm Tax Preparation
-
Sandager Advisors LLC Consultant
-
Foster Group, Inc. Financial Advisor
-
Environmental Design Group Ltd Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.50M
Blend (final)
Blend
$5.48M
Owner & transaction history
Sallee Commercial I LLC · 2 yrs held
Sallee Commercial I LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.6M
+9.6%
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
OFFICE BUILDING
$6,960,000
Current use
AUTO REPAIR, GARAGE
$7,630,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,940,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.48M
Range $4.93M – $6.03M · ±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
$112 / 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
$221,170
Tax year 2022
Assessed value
$7,982,740
Assessed 2023
Previous assessed
$7,982,740
+0.0% YoY
Effective rate
2.77%
On assessed value
Assessed land
$1,616,080
Assessed improvement
$6,366,660
Land market value
$1,616,080
Improvement market value
$6,366,660
Total market value
$7,982,740
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
Off-Market
Year built
2004
Heating
NONE
Stories
2
Total area
48,726 SF
Lot
5.3 ac (230,868 SF)
APN
1601200028
UPID
US25-0379936
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
OFFICE BUILDING Current
Est. value
$7.0M
AUTO REPAIR, GARAGE
Est. value
$7.6M
WAREHOUSE, STORAGE
Est. value
$5.9M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2004
Heating
NONE
Stories
2
Lot
5.3 ac
Current owner
From public records · entity-resolved
Sallee Commercial I LLC
Entity
Mailing address
200 NE MISSOURI RD STE #304, LEES SUMMIT, MO 64086-4724
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 2, 2024
—
Sallee Commercial LLC
—
Deed
related
$26,350,000 · Ameritas Life Insurance Corp
Jun 19, 2024
—
Sallee Commercial I LLC
Sallee Real Estate Investments LLC
Special Warranty Deed
—
Apr 21, 2020
—
Snyder,terry L Trust
B & T Snyder LLC
Quit Claim Deed
related
—
Jun 4, 2019
$7,500,000
Sallee R & E Invs LLC
6601 LLC
Warranty Deed
$5,303,809 · Mid-missouri Bk
Oct 14, 2016
$6,650,000
6601 LLC
Lb Properties II LLC
Warranty Deed
$5,400,000 · Central Bk
Sep 10, 2015
—
Ohollearn,robert P Trust
Ohollearn,robert P & Jane A
Quit Claim Deed
related
—
—
—
Lb Properties II LLC
—
Deed Of Trust
related
$6,000,000 · American Equity Inv Life Ins
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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