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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Apartment buildings
704 13th St West Des Moines, IA 50265-3403
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0016260
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1974
Construction
FRAME
Total area
7,353 SF
Lot
1.51 ac (65,601 SF)
Zoning code
RH
APN
320/01048-004-000
UPID
US25-0016260
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$875k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$875k
Owner & transaction history
Swift Properties LLC · 8 yrs held
Swift Properties LLC
since 2018
4 recorded transactions
Zoning & alternative use
RH · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide for a compact residential environment, allowing multi family dwellings of no more than eighteen (18) du or acre. Suffixes shall be used in the RH District to identify the maximum allowed density for the subject property.
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
547.21 ac
Source
Realmo
Top alternative use upside
Restaurant
$1.3M
+13.7%
Auto repair, garage
$1.1M
+2.6%
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%
$950,000
6.5%
$875,000
7%
$815,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Current use
RESTAURANT
$1,265,000
Change: +14% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,140,000
Change: +3% · Conversion: Difficult
MEDICAL BUILDING
$1,110,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$875k
Range $788k – $963k · ±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
$119 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$49,832
Tax year 2020
Assessed value
$2,930,000
Assessed 2023
Previous assessed
$2,930,000
+0.0% YoY
Effective rate
1.70%
On assessed value
Assessed land
$265,000
Assessed improvement
$2,665,000
Land market value
$265,000
Improvement market value
$2,665,000
Total market value
$2,930,000
Applied tax rate
20.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1974
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
3
Stories
2
Units
8
Rooms
6
Bathrooms
1
Total area
7,353 SF
Lot
1.51 ac (65,601 SF)
Zoning code
RH
APN
320/01048-004-000
UPID
US25-0016260
Jurisdiction
POLK
Zoning & alternative use
RH · West Des Moines, IAZoning RH · permitted uses
RH · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide for a compact residential environment, allowing multi family dwellings of no more than eighteen (18) du or acre. Suffixes shall be used in the RH District to identify the maximum allowed density for the subject property.
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
547.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$1.1M
RESTAURANT
Est. value
$1.3M
AUTO REPAIR, GARAGE
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1974
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
3
Units
8
Rooms
6
Bathrooms
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
Swift Properties LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2580 FLEUR DR, DES MOINES, IA 50321-1106
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2018
$4,250,000
Swift Properties LLC
Birchwood Apartments Lc
Warranty Deed
—
Jun 29, 2006
$1,450,000
Birchwood Apartments Lc
Bella Investments Lc
Warranty Deed
$1,177,250 · First Fsb Of Iowa
—
—
Apartments Lc Birchwood
—
Deed Of Trust
related
$1,640,000 · Great Southern Bank
—
—
Swift Props LLC
—
Deed Of Trust
related
$3,800,000 · First Nat'l Bk Ames
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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