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Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Day care centers
720 68th St, West Des Moines, IA 50266-8421
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0364401
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2008
Total area
15,162 SF
Lot
1.87 ac (81,457 SF)
APN
1613402017
UPID
US25-0364401
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
-
CJ's Window Cleaning Services General Contractor Renovation Specialist
-
2 For U Childcare and Preschool West Daycare Center
-
Fly Nutrition Herbalife Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$760k
Owner & transaction history
2 For U Props LLC · 6 yrs held
2 For U Props LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.0M
+27.3%
Office building
$910,000
+14.0%
Commercial (general)
$895,000
+12.4%
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$795,000
Current use
INDUSTRIAL (GENERAL)
$1,015,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$910,000
Change: +14% · Conversion: Difficult
COMMERCIAL (GENERAL)
$895,000
Change: +12% · Conversion: Difficult
RESTAURANT
$860,000
Change: +8% · Conversion: Difficult
WAREHOUSE, STORAGE
$825,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$760k
Range $684k – $836k · ±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
$50 / 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
$95,240
Tax year 2022
Assessed value
$3,510,080
Assessed 2023
Previous assessed
$3,147,490
+11.5% YoY
Effective rate
2.71%
On assessed value
Assessed land
$977,480
Assessed improvement
$2,532,600
Land market value
$977,480
Improvement market value
$2,532,600
Total market value
$3,510,080
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2008
Heating
NONE
Stories
1
Total area
15,162 SF
Lot
1.87 ac (81,457 SF)
APN
1613402017
UPID
US25-0364401
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
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$795,000
INDUSTRIAL (GENERAL)
Est. value
$1.0M
OFFICE BUILDING
Est. value
$910,000
COMMERCIAL (GENERAL)
Est. value
$895,000
RESTAURANT
Est. value
$860,000
WAREHOUSE, STORAGE
Est. value
$825,000
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2008
Heating
NONE
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
2 For U Props LLC
Entity
Mailing address
720 S 68TH ST, WEST DES MOINES, IA 50266-8421
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2020
—
2 For U Props LLC
—
Deed
related
$1,300,000 · Miscellaneous Govt Agcy
Jan 14, 2020
—
2 For U Props LLC
—
Deed
related
$1,750,000 · South Story Bk&tr
Aug 30, 2019
$3,499,875
2 For U Props LLC
Njrec INC
Warranty Deed
$1,750,000 · South Story Bk&tr
Jun 10, 2019
—
Courtyards At Kings Landing Ll
—
Trustees Deed
related
$3,787,500 · Community St Bk
Oct 8, 2018
$133,000
Njrec INC
Hidden Crk LLC
Warranty Deed
—
Aug 9, 2018
$118,000
Njrec INC
Kenyon Hill Ridge LLC
Warranty Deed
—
May 27, 2016
—
Njrec INC
—
Trustees Deed
related
$650,000 · Moller Farms INC
Dec 1, 2014
—
Njrec INC
—
Trustees Deed
related
$500,000 · Moller Farms INC
Jul 17, 2012
—
Clarke Cnty St. Bk
Peak 8 Dev V LLC
Grant Deed
related
—
Jan 7, 2009
—
Peak 8 Dev V LLC
—
Deed Of Trust
related
$5,000,000 · Clarke County St Bank
Jan 7, 2008
—
Peak 8 Dev V LLC
—
Grant Deed
related
$5,000,000 · Clarke County St Bank
—
—
Njrec INC
—
Deed Of Trust
$1,691,500 · Clarke County St Bank
—
—
Peak 8 Dev V LLC
—
Deed Of Trust
related
$100,000 · Clarke County St Bank
—
—
2 For U Props LLC
—
Deed Of Trust
related
$1,300,000 · Miscellaneous Govt Agcy
—
—
2 For U Props LLC
—
Deed Of Trust
related
$1,750,000 · South Story Bk&tr
—
—
Peak 8 Dev V LLC
—
Deed Of Trust
related
$468,000 · Clarke County St Bank
—
—
Peak 8 Dev V LLC
—
Deed Of Trust
related
$4,002,815 · Clarke County St Bank
—
—
Njrec INC
—
Deed Of Trust
related
$400,000 · Moller Farms INC
—
—
Njrec INC
—
Deed Of Trust
related
$400,000 · Moller Farms INC
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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