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Property profile & analytics
OFF-MARKET
Warehouses
911 Railroad Ave West Des Moines, IA 50265-4560
Individually Owned
24-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0233046
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1968
Construction
FRAME
Total area
3,000 SF
Lot
0.8 ac (34,961 SF)
Zoning code
VJC
APN
320/04492-001-000
UPID
US25-0233046
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
-
Colorado Classics Furniture & Home Goods Home Decor Store
-
Chayo’s Taqueria 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
by Request
Owner & transaction history
BURKETT CHRIS E
BURKETT CHRIS E
Zoning & alternative use
VJC · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Valley Junction commercial areas shall be designated to provide for commercial uses which are oriented toward the motoring public along First Street and Railroad Avenue. Typical uses would include restaurants, convenience gas stations (without repair service), professional offices, laundry and dry cleaning establishments, banks, drugstores, office supply sto…
Zone name
Valley Junction Commercial
General category
COMMERCIAL
Zone area
8.91 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,412
Tax year 2023
Assessed value
$476,000
Assessed 2024
Previous assessed
$476,000
+0.0% YoY
Effective rate
2.61%
On assessed value
Assessed land
$353,000
Assessed improvement
$123,000
Land market value
$353,000
Improvement market value
$123,000
Total market value
$476,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1968
Construction
FRAME
Heating
YES
Buildings
1
Stories
1
Total area
3,000 SF
Lot
0.8 ac (34,961 SF)
Zoning code
VJC
APN
320/04492-001-000
UPID
US25-0233046
Jurisdiction
POLK
Zoning & alternative use
VJC · West Des Moines, IAZoning VJC · permitted uses
VJC · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Valley Junction commercial areas shall be designated to provide for commercial uses which are oriented toward the motoring public along First Street and Railroad Avenue. Typical uses would include restaurants, convenience gas stations (without repair service), professional offices, laundry and dry cleaning establishments, banks, drugstores, office supply stores, or other service uses as defined by the Valley Junction commercial land use matrix. Development of the Valley Junction commercial district area shall be in conformance with the Valley Junction subarea plan and historic guidelines.
Zone name
Valley Junction Commercial
General category
COMMERCIAL
Zone area
8.91 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1968
Construction
FRAME
Heating
YES
Stories
1
Buildings
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
BURKETT CHRIS E
Individual
Free & Clear · 0 yrs held
Mailing address
27965 TIMBER PT, ADEL, IA 50003-8604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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