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Property profile & analytics
OFF-MARKET
Office buildings
6701 Westown Pkwy West Des Moines, IA 50266-7704
Entity Owned
3-yr Hold
Free & Clear
Property ID
US25-2589341
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
63,502 SF
Lot
5.08 ac (221,284 SF)
APN
1601200027
UPID
US25-2589341
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
-
FedEx Drop Box Postal Service Courier Service
-
Retirement Options Explored Geriatric Care Provider Nursing Home
-
Ted Longnecker & Associates Financial Advisor
-
Bral | Niedert Private Wealth Advisors Financial Advisor
-
Diana L Hutson Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Cedar Plaza Holdings LLC · 3 yrs held
Cedar Plaza Holdings LLC
since 2023
Last sale
$429,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$314,574
Tax year 2022
Assessed value
$11,649,160
Assessed 2023
Previous assessed
$10,260,450
+13.5% YoY
Effective rate
2.70%
On assessed value
Assessed land
$1,548,990
Assessed improvement
$10,100,170
Land market value
$1,548,990
Improvement market value
$10,100,170
Total market value
$11,649,160
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
2005
Heating
NONE
Stories
2
Total area
63,502 SF
Lot
5.08 ac (221,284 SF)
APN
1601200027
UPID
US25-2589341
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
2005
Heating
NONE
Stories
2
Lot
5.08 ac
Current owner
From public records · entity-resolved
Cedar Plaza Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1233 STRATFORD DR, CLIVE, IA 50325
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
$429,000
Cedar Plaza Holdings LLC
Karen Moody
Warranty Deed
—
Mar 20, 2020
—
Karen Moody
Karen Moody
Quit Claim Deed
related
—
Dec 19, 2019
—
City Of Waukee
Richard L Peterson
Warranty Deed
related
—
Apr 23, 2019
—
Jon E Foley
Foley,jon E & Lenita L
Affidavit Of Death
related
—
Aug 20, 2018
—
Darrell E Hughes
Hughes,darrell E & Deborah M
Quit Claim Deed
related
—
Apr 2, 2018
—
Lb Props V LLC
—
Deed
related
$7,800,000 · West Bk
Dec 27, 2007
$670,000
Vwm-ii LLC
Lb Properties V LLC
Warranty Deed
—
Sep 21, 2007
$132,000
Pellett Donna R Trust
Lb Properties V LLC
Warranty Deed
—
Apr 30, 2007
$477,500
Karen L Duberstein
Lb Properties V LLC
Warranty Deed
—
Aug 28, 2006
$300,000
Jon E Foley
Lb Properties V LLC
Warranty Deed
—
—
—
Lb Props V LLC
—
Deed Of Trust
related
$7,800,000 · West Bk
—
—
Lb Properties V LLC
—
Deed Of Trust
related
$9,085 · Life Insurance Of Southwest
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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