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Property profile & analytics
OFF-MARKET
Estimated value
$3,690,000
Strip malls
6750 Westown Pkwy, West Des Moines, IA 50266-7715
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0083848
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1999
Total area
29,150 SF
Lot
3.04 ac (132,205 SF)
APN
1601102007
UPID
US25-0083848
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
-
Pickerman's Soup & Sandwich Take-out & Catering Catering Service
-
Farm Bureau Financial Services Insurance Agency
-
IREM Iowa Association / Organization
-
Des Moines Pet Fence General Contractor Construction Company
-
Lawman Guitars (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.69M
Owner & transaction history
Jpac Properties LLC · 6 yrs held
Jpac Properties LLC
since 2020
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.2M
+440.7%
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
$3,555,000
ML approach
$3,295,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,240,000
Change: +441% · Conversion: Difficult
Blend value · Realmo final
$3.69M
Range $3.32M – $4.06M · ±10% · vs last sale $3.95M (Feb 11 2020)
Last sale anchor
$3.95M
Feb 11 2020
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
$127 / 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
$119,560
Tax year 2022
Assessed value
$4,406,870
Assessed 2023
Previous assessed
$4,406,870
+0.0% YoY
Effective rate
2.71%
On assessed value
Assessed land
$1,189,850
Assessed improvement
$3,217,020
Land market value
$1,189,850
Improvement market value
$3,217,020
Total market value
$4,406,870
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1999
Heating
NONE
Stories
1
Total area
29,150 SF
Lot
3.04 ac (132,205 SF)
APN
1601102007
UPID
US25-0083848
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
AUTO REPAIR, GARAGE
Est. value
$3.2M
AUTO REPAIR, GARAGE
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
1999
Heating
NONE
Stories
1
Lot
3.04 ac
Current owner
From public records · entity-resolved
Jpac Properties LLC
Entity
Mailing address
6750 WESTOWN PKWY STE #200, WEST DES MOINES, IA 50266-7717
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 11, 2020
$3,950,000
Jpac Properties LLC
West Lakes Investors LLC
Warranty Deed
$4,000,000 · Luana Savings Bank
Aug 26, 2019
—
West Lks Invtrs LLC
—
Deed
related
$25,000,000 · Eastland S&l Assn
Sep 8, 2016
—
West Lakes Investors LLC
—
Deed
related
$3,000,000 · Umb Bk
Nov 20, 2009
$3,000,000
West Lakes Investors LLC
First American Bk
Warranty Deed
$2,590,000 · First American Bank
May 19, 2009
—
First American Bank
Kc Holdings INC
Grant Deed
—
Mar 3, 2008
$3,450,000
Kc Holdings INC
Forget Properties 7a LLC
Warranty Deed
$3,060,000 · First American Bank
—
—
West Lks Invtrs LLC
—
Deed Of Trust
related
$25,000,000 · Eastland S&l Assn
—
—
Kc Holdings INC
—
Deed Of Trust
related
$600,000 · Equity Investors Group 2 Lc
—
—
West Lakes Investors LLC
—
Deed Of Trust
related
$3,000,000 · Umb Bk
—
—
West Lakes Investors LLC
—
Deed Of Trust
related
$2,877,000 · Great Western 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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