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Property profile & analytics
OFF-MARKET
Estimated value
$5,335,000
Office buildings
6800 Lk Dr West Des Moines, IA 50266-2500
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0289421
Property summary
AI-generated overview
This exceptional Class B office property, located at 6800 Lake Drive in West Des Moines, Iowa, offers 80,414 square feet of space across two buildings. Currently, 13,570 contiguous square feet are vacant, divisible into units as small as 3,500 square feet. Built in 1994, the property boasts 10-foot ceilings and is situated in Dallas County, zip code 50266. The convenient location provides easy access to Interstate highways and is minutes from the dining and shopping options of West Des Moines and Waukee. One available suite (Suite 125) has recently undergone demolition, creating a flexible, open floor plan ideal for modern office configurations. The property is perfect for businesses seeking a well-located, adaptable workspace in a thriving community. Multiple tenancy options are available, making it suitable for a variety of business sizes and needs. This is a prime opportunity to secure high-quality office space in a desirable location. The property's features and location make it an attractive option for businesses seeking a blend of convenience, functionality, and modern aesthetics. Contact us today to learn more about leasing opportunities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Total area
40,207 SF
Lot
7.79 ac (339,329 SF)
APN
1601128004
UPID
US25-0289421
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
-
TrueNorth Companies Insurance Agency
-
Blank Therapy Clinic WDM Spa & Massage Center Alternative Medicine Practice
-
West Lakes Family Dentistry - Jared Sass DDS Dental Office
-
Iles Arrangement Center Social Service Agency
-
Carl Konz Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.58M
Blend (final)
Blend
$5.34M
Owner & transaction history
6800 Lake Drive Lc
6800 Lake Drive Lc
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$6.3M
+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
$5,745,000
Current use
AUTO REPAIR, GARAGE
$6,295,000
Change: +10% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,900,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$5.34M
Range $4.80M – $5.87M · ±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
$133 / 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
$240,984
Tax year 2022
Assessed value
$9,079,600
Assessed 2023
Previous assessed
$7,873,910
+15.3% YoY
Effective rate
2.65%
On assessed value
Assessed land
$2,375,300
Assessed improvement
$6,704,300
Land market value
$2,375,300
Improvement market value
$6,704,300
Total market value
$9,079,600
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
1994
Heating
NONE
Buildings
2
Stories
1
Total area
40,207 SF
Lot
7.79 ac (339,329 SF)
APN
1601128004
UPID
US25-0289421
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
$5.7M
AUTO REPAIR, GARAGE
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$4.9M
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
1994
Heating
NONE
Stories
1
Buildings
2
Lot
7.79 ac
Current owner
From public records · entity-resolved
6800 Lake Drive Lc
Individual
Mailing address
5000 WESTOWN PKWY STE #400, WEST DES MOINES, IA 50266-5921
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
6800 Lake Drive Lc
—
Deed Of Trust
related
$6,250,000 · American Investors 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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