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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    917 9Th St West Des Moines, IA 50265

    • Investment properties
    • 2,652 SF
    • 0.22 lot acres
    For Lease
    View listing
    $24 SF/Yr
    Value Estimations
    $300,000
    Cap Rate Potential
    9.3%
    Investment properties
    Location Intelligence
    Property ID
    US25-0338196
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Innerbloom Spa & Wellness / Spa
    • VGT Transportation Inc / Transportation Service
    • J McClish Salon / Hair Salon
    • Hair Heaven / Wig Shop

    Property Details for 917 9Th St

    Year built
    1968
    Construction
    FRAME
    Lot size
    0.22 lot acres
    Property size
    2,652 SF
    Zone code
    OF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    320/01109-000-000
    APU
    32001109000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $285,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $226,000
      Market price range: $183k - $408k
      AI Estimate
      $270,000
      Market price range: $139k - $563k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $295,000
      Current use
      AUTO REPAIR, GARAGE
      $410,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $400,000
      Change: +37% Conversion: Easy
      RETAIL STORES
      $310,000
      Change: +6% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $260,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.714
    Latitude
    41.5836
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $4,562
    $97,500
    $125,500
    $223,000
    -
    $97,500
    $125,500
    $223,000

    Comparable in this City

    • Value Estimation
      $515,000
      13,980 SF

      2100 Westown Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 13,980 SF
      2100 Westown Pkwy, West Des Moines, IA 50265-1539
      View Details
    • Value Estimation
      $270,000
      800 SF

      119 19th St Ste, Unit 204

      OFFICE/RESIDENTIAL (MIXED USE) • 800 SF
      119 19th St Ste, West Des Moines, IA 50265-4226
      View Details
    • Value Estimation
      $1,305,000
      176,585 SF

      1111 Ashworth Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 176,585 SF
      1111 Ashworth Rd, West Des Moines, IA 50265-3544
      View Details
    • Value Estimation by Request
      8,258 SF

      430 5th St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,258 SF
      430 5th St, West Des Moines, IA 50265-8705
      View Details
    • Value Estimation
      $235,000
      2,752 SF

      808 Ashworth Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,752 SF
      808 Ashworth Rd, West Des Moines, IA 50265-3618
      View Details
    • Value Estimation
      $825,000
      3,870 SF

      812 Ashworth Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,870 SF
      812 Ashworth Rd, West Des Moines, IA 50265-3618
      View Details

    Similar Nearby for Sale

    • $850,000
      7,200 SF

      West Des Moines Restaurant - $850K

      Turnkey Restaurant, 7200 sq ft, high visibility.
      333 5Th St, West Des Moines, IA 50265
      View Details
    • $620,000
      4,209 SF

      West Des Moines Mixed-Use Property

      Prime Valley Junction location, multi-tenant income.
      324 1St St, West Des Moines, IA 50265
      View Details
    • $299,000
      0.53 Acres

      Residential Land in West Des Moines

      Residential land in a desirable West Des Moines location.
      29 SE Falcon Ln, West Des Moines, IA 50265
      View Details
    • $299,000
      0.53 Acres

      Residential Land in West Des Moines

      Residential land in West Des Moines' newest community, Eagle Brook.
      25 SE Falcon Ln, West Des Moines, IA 50265
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    • $195,000
      0.28 Acres

      Residential Land in West Des Moines

      Residential land in a desirable West Des Moines location.
      19 SE Oriole Ct, West Des Moines, IA 50265
      View Details
    • $190,000
      0.46 Acres

      Residential Land in West Des Moines

      Residential land available in West Des Moines' newest community.
      6 SE Falcon Ln, West Des Moines, IA 50265
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      8,833 SF

      Medical Office Suites, Office Park Rd

      Multiple suites, 1,413-8,933 sq ft.
      1031 Office Park Rd, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      5,000 SF

      Prime West Des Moines Retail Space

      Restaurant/Retail Opportunity - High Visibility
      332 5Th St, West Des Moines, IA 50265
      View Details
    • $14 SF/Yr
      40,704 SF

      Midtown Office Park: West Des Moines

      Executive Suites, Prime Location, Iowa
      950 Office Park Rd, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      5,088,244 SF

      Veterans Business Park Land

      117 Acres, West Des Moines, IA. Build-to-suit options.
      765 Willow Creek Dr, West Des Moines, IA 50265
      View Details
    • $17 SF/Yr
      1,660 SF

      West Des Moines Office Space

      First-floor office suite with reception, offices, and conference room.
      1011 Grand Ave, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      21,668 SF

      West Des Moines Industrial Space

      Versatile industrial/office space available.
      1801 Industrial Cir, West Des Moines, IA 50265
      View Details
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    917 9Th St
    West Des Moines, IA 50265
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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