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Property profile & analytics
OFF-MARKET
Estimated value
$4,820,000
Hotels
885 51st St West Des Moines, IA 50265-5818
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US25-2416829
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2016
Construction
FRAME
Total area
35,463 SF
Lot
1.9 ac (82,764 SF)
APN
320/04947-625-003
UPID
US25-2416829
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
-
Sleep Inn & Suites West Des Moines Near Jordan Creek Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.82M
CAP Approach
CAP
$3.31M
Comparable Approach
Comparable
$2.99M
Blend (final)
Blend
$4.82M
Owner & transaction history
West Des Moines Hospitality LLC · 2 yrs held
West Des Moines Hospitality LLC
since 2024
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.1M
+136.9%
Auto repair, garage
$5.5M
+113.7%
Apartment house (5+ units)
$5.4M
+108.3%
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
$4,820,000
ML approach
$4,820,000
CAP Approach
CAP Return
Estimation
6%
$3,580,000
6.5%
$3,305,000
7%
$3,070,000
Alternative Use
Use
Estimation
RESTAURANT
$6,105,000
Change: +137% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,510,000
Change: +114% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,370,000
Change: +108% · Conversion: Difficult
MEDICAL BUILDING
$5,355,000
Change: +108% · Conversion: Difficult
RETAIL STORES
$4,135,000
Change: +61% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,910,000
Change: +52% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,495,000
Change: +36% · Conversion: Difficult
Blend value · Realmo final
$4.82M
Range $4.34M – $5.30M · ±10% · vs last sale $4.82M (Apr 25 2024)
Last sale anchor
$4.82M
Apr 25 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
$136 / 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
$105,704
Tax year 2020
Assessed value
$3,130,000
Assessed 2023
Previous assessed
$3,130,000
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$1,090,000
Assessed improvement
$2,040,000
Land market value
$1,090,000
Improvement market value
$2,040,000
Total market value
$3,130,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2016
Construction
FRAME
Heating
NONE
Buildings
1
Stories
3
Units
67
Total area
35,463 SF
Lot
1.9 ac (82,764 SF)
APN
320/04947-625-003
UPID
US25-2416829
Jurisdiction
POLK
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
RESTAURANT
Est. value
$6.1M
AUTO REPAIR, GARAGE
Est. value
$5.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.4M
MEDICAL BUILDING
Est. value
$5.4M
RETAIL STORES
Est. value
$4.1M
COMMERCIAL (GENERAL)
Est. value
$3.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.5M
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
2016
Construction
FRAME
Heating
NONE
Stories
3
Buildings
1
Units
67
Lot
1.9 ac
Current owner
From public records · entity-resolved
West Des Moines Hospitality LLC
Entity
Mailing address
9431 HVN AVE STE #209, RANCHO CUCAMONGA, CA 91730-5881
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2024
$4,820,000
West Des Moines Hospitality LLC
Indianola Hotel LLC
Special Warranty Deed
$3,780,000 · Bruning State Bank
Sep 19, 2017
—
Indianola Hotel LLC
—
Deed
related
$2,671,550 · Northwest Bk
—
—
Indianola Hotel LLC
—
Loan Modification
related
$2,671,550 · Northwest Bk
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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