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Property profile & analytics
OFF-MARKET
Estimated value
$3,475,000
Apartment buildings
916 Ashworth Rd West Des Moines, IA 50265-3675
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US25-0093206
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1964
Construction
STEEL FRAME
Total area
60,244 SF
Lot
3.24 ac (141,222 SF)
Zoning code
RH
APN
320/03010-001-000
UPID
US25-0093206
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
-
Crestview Terrace Apartments Retirement Community
-
Community Housing Initiatives, Inc. Property Management Company Housing Association
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.71M
Blend (final)
Blend
$3.48M
Owner & transaction history
Crestview Terrace Lllp · 16 yrs held
Crestview Terrace Lllp
since 2010
7 recorded transactions
Zoning & alternative use
RH · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The purpose of this district is to provide for a compact residential environment, allowing multi family dwellings of no more than eighteen (18) du or acre. Suffixes shall be used in the RH District to identify the maximum allowed density for the subject property.
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
547.21 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
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
Blend value · Realmo final
$3.48M
Range $3.13M – $3.82M · ±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
$58 / 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
$11,912
Tax year 2020
Assessed value
$473,500
Assessed 2023
Previous assessed
$473,500
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$473,000
Assessed improvement
$500
Land market value
$473,000
Improvement market value
$500
Total market value
$473,500
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1964
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
55
Total area
60,244 SF
Lot
3.24 ac (141,222 SF)
Zoning code
RH
APN
320/03010-001-000
UPID
US25-0093206
Jurisdiction
POLK
Zoning & alternative use
RH · West Des Moines, IAZoning RH · permitted uses
RH · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The purpose of this district is to provide for a compact residential environment, allowing multi family dwellings of no more than eighteen (18) du or acre. Suffixes shall be used in the RH District to identify the maximum allowed density for the subject property.
Zone name
Residential High Density
General category
RESIDENTIAL
Zone area
547.21 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1964
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
55
Lot
3.24 ac
Current owner
From public records · entity-resolved
Crestview Terrace Lllp
Entity
Mailing address
PO BOX 473, SPENCER, IA 51301-0473
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2010
—
Crestview Terrace Lllp
—
Trustees Deed
related
$500,000 · Midwest Housing Dev Fund INC
Aug 9, 2010
—
Crestview Terrace Lllp
—
Trustees Deed
related
$4,500,000 · Northwest Bank
Jun 22, 2010
$479,000
Crestview Terrace Lllp
Community Hsng Initiatives INC
Warranty Deed
—
—
—
Community Hsng Initiatives INC
—
Deed Of Trust
related
$355,422 · Northwest Bank
—
—
Crestview Terrace Lllp
—
Deed Of Trust
related
$429,000 · Community Hsng Initiative INC
—
—
Crestview Terrace Lllp
—
Deed Of Trust
related
$3,084,299 · Iowa Finance Authority
—
—
Crestview Terrace Lllp
—
Deed Of Trust
related
$18,711 · Community Hsng Initiative INC
—
—
Crestview Terrace Lllp
—
Deed Of Trust
related
$526,183 · Iowa Finance Authority
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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