Property profile

885 51st St West Des Moines, IA 50265

OFF-MARKET
Hotels
Property ID
US25-2416829
35,463 SF 1.9 ac lot Built 2016
Entity Owned 2-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

885 51st St West Des Moines, IA 50265-5818
West Des Moines metro Census 11027 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

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

since 2024
Last sale
$4.8M
3 recorded transactions
2024
$4.8M
2017
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $6.1M +136.9%
Auto repair, garage $5.5M +113.7%
Apartment house (5+ units) $5.4M +108.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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