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Property profile & analytics
FOR LEASE
Office buildings
7001 Westown Pkwy West Des Moines, IA 50266
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-0235348
For Lease
1 / 24
$19 SF/Yr
7001 Westown Pkwy, West Des Moines, IA 50266
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Property summary
AI-generated overview
The Atlas Building, located at 7001 Westown Pkwy, West Des Moines, IA 50266, offers 427,399 square feet of Class A office space in a single, six-story building. This multi-tenant property sits on 28.05 acres and features a variety of office subtypes including traditional, executive, medical, and creative office spaces, as well as retail, event space, and flex space. The minimum divisible space is 2,000 square feet, with a maximum contiguous space of 380,000 square feet
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Total area
415,636 SF
Lot
28.12 ac (1,225,006 SF)
APN
1601126008
UPID
US25-0235348
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
-
Wells Fargo Home Mortgage Corporate Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$17.21M
Owner & transaction history
Atlas Wdm24 LLC · 1 yrs held
Atlas Wdm24 LLC
since 2024
Last sale
$16.5M
5 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
$14,165,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$17.21M
Range $15.48M – $18.93M · ±10% · vs last sale $16.50M (Dec 29 2023)
Last sale anchor
$16.50M
Dec 29 2023
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
$41 / 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
$1,952,404
Tax year 2022
Assessed value
$73,239,480
Assessed 2023
Previous assessed
$73,239,480
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$8,575,040
Assessed improvement
$64,664,440
Land market value
$8,575,040
Improvement market value
$64,664,440
Total market value
$73,239,480
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
2000
Heating
NONE
Stories
6
Total area
415,636 SF
Lot
28.12 ac (1,225,006 SF)
APN
1601126008
UPID
US25-0235348
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
2000
Heating
NONE
Stories
6
Lot
28.12 ac
Current owner
From public records · entity-resolved
Atlas Wdm24 LLC
Entity
Free & Clear · 1 yrs held
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 12, 2026
—
Atlas Wdm24 LLC
—
Deed
related
$32,000,000 · Bankiowa
Apr 10, 2025
—
Atlas Wdm24 LLC
—
Deed
related
$4,900,000 · Bank Iowa
Nov 21, 2024
—
Atlas Wdm24 LLC
Brookfield Parnters LLC
Quitclaim Deed
related
—
Jun 3, 2024
—
Brookfield Partners LLC
—
Deed
related
$11,000,000 · Bank Iowa
Dec 29, 2023
$16,500,000
Brookfield Partners LLC
Wells Fargo Bank NA
Warranty Deed
—
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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