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Property profile & analytics
OFF-MARKET
Estimated value
$900,000
Investment properties
812 Ashworth Rd West Des Moines, IA 50265-3618
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0035305
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1973
Construction
FRAME
Total area
3,870 SF
Lot
0.22 ac (9,734 SF)
Zoning code
OF
APN
320/01113-001-000
UPID
US25-0035305
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
-
Iron Point Retirement Solutions Financial Advisor
-
Top Flite Financial, Inc. Loan Service Bank
-
Evolve Bank & Trust Bank Loan Service
-
Learned & Associates PC Tax Preparation
-
Associated Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$900k
Owner & transaction history
Greenspire Holdings LLC · 1 yrs held
Greenspire Holdings LLC
since 2024
Last sale
$900,000
7 recorded transactions
Zoning & alternative use
OF · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$600,000
+40.8%
Medical building
$585,000
+36.8%
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
$900,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$545,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$600,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$585,000
Change: +37% · Conversion: Easy
Blend value · Realmo final
$900k
Range $810k – $990k · ±10% · vs last sale $900k (Nov 19 2024)
Last sale anchor
$900k
Nov 19 2024
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
$233 / 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
$5,084
Tax year 2020
Assessed value
$245,000
Assessed 2023
Previous assessed
$245,000
+0.0% YoY
Effective rate
2.08%
On assessed value
Assessed land
$98,300
Assessed improvement
$146,700
Land market value
$98,300
Improvement market value
$146,700
Total market value
$245,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Total area
3,870 SF
Lot
0.22 ac (9,734 SF)
Zoning code
OF
APN
320/01113-001-000
UPID
US25-0035305
Jurisdiction
POLK
Zoning & alternative use
OF · West Des Moines, IA
Zoning OF · permitted uses
OF · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Des Moines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$600,000
MEDICAL BUILDING
Est. value
$585,000
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
1973
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Greenspire Holdings LLC
Entity
Mailing address
8974 CARPENTER CIR DR, CLIVE, IA 50325-6236
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$900,000
Greenspire Holdings LLC
2319 Bell LLC
Deed
—
Jan 19, 2021
$152,001
Ashworth Mgmt LLC
Sheriff Of Polk County
Foreclosure
—
Feb 26, 2019
—
Ashworth Management LLC
—
Deed
related
$200,000 · Peoples Bank
Jan 16, 2019
$139,000
Dallas Hosey
809 F/tr
Grant Deed
—
Jan 9, 2019
—
809 F & Trust
Ashworth Mgmt LLC
Quit Claim Deed
related
—
Jan 9, 2019
$136,162
Ashworth Mgmt LLC
Sheriff Of Polk County
Trustees Deed
—
Dec 19, 2018
$95,001
Ashworth Mgmt LLC
Sheriff Of Polk County
Trustees Deed
—
Sep 14, 2018
$108,500
Ashworth Mgmt LLC
Sheriff Of Polk County
Trustees Deed
—
Aug 1, 2018
$65,000
Dennis Ackerman
Sa Kim Cong
Grant Deed
—
Sep 30, 2011
—
First American Bk
H & M Ents LLC
Warranty Deed
related
—
Mar 29, 2007
—
Hing Wong
—
Trustees Deed
related
$50,000 · First American Bank
Feb 3, 2006
—
H & M Ents LLC
—
Trustees Deed
related
$60,000 · First American Bank
Jan 31, 2006
—
H & M Ents LLC
Wong,hing W & Mei S
Warranty Deed
—
Jan 3, 2006
$210,000
Hing W Wong
Hummell,alan E & Karen
Grant Deed
—
—
—
H & M Ents LLC
—
Deed Of Trust
related
$50,000 · First American Bank
—
—
H & M Ents LLC
—
Deed Of Trust
related
$60,000 · First American Bank
—
—
H & M Ents LLC
—
Deed Of Trust
related
$15,000 · First American Bank
—
—
Mid-iowa Mortgage INC
—
Deed Of Trust
related
$60,000 · First American 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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