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Property profile & analytics
OFF-MARKET
Investment properties
974 73rd St West Des Moines, IA 50265-1024
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US25-0071886
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1983
Construction
STEEL FRAME
Total area
1,875 SF
Lot
0.16 ac (7,012 SF)
Zoning code
PCP
APN
320/04882-500-044
UPID
US25-0071886
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
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
Kaelo LLC · 1 yrs held
Kaelo LLC
since 2025
Last sale
$150,000
7 recorded transactions
Zoning & alternative use
PCP · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 2020Property tax & assessments
Tax year 2020
Tax billed
$3,516
Tax year 2020
Assessed value
$219,000
Assessed 2023
Previous assessed
$219,000
+0.0% YoY
Effective rate
1.61%
On assessed value
Assessed land
$49,600
Assessed improvement
$169,400
Land market value
$49,600
Improvement market value
$169,400
Total market value
$219,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1983
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Rooms
5
Bathrooms
1
Total area
1,875 SF
Lot
0.16 ac (7,012 SF)
Zoning code
PCP
APN
320/04882-500-044
UPID
US25-0071886
Jurisdiction
POLK
Zoning & alternative use
PCP · West Des Moines, IA
Zoning PCP · permitted uses
PCP · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Rooms
5
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Kaelo LLC
Entity
Mailing address
3217 34TH PL, DES MOINES, IA 50310-4608
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
23 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2026
—
Seely Property Management LLC
—
Deed
related
$70,000 · Peoples Bank
May 9, 2025
$150,000
Kaelo LLC
Romo Properties LLC
Deed
$150,000 · Romo Properties LLC
Aug 2, 2023
$600,000
Jnms Investments LLC
Iowa Service Of Process LLC
Warranty Deed
$604,000 · West Bank
Feb 1, 2022
$96,000
Chris Childers
Matthew Wennerstrom
Quitclaim Deed
related
—
Jan 13, 2022
$1,864
Matthew Wennerstrom
County Of Polk
Deed
related
—
Dec 13, 2021
—
Christopher Cowherd
—
Deed
related
$124,094 · Bank
Sep 2, 2021
$165,000
Mdcrj LLC
Joseph S Ferezy
Warranty Deed
—
Apr 1, 2021
$127,250
Romo Properties LLC
Michael B Oliver
Quitclaim Deed
related
—
Dec 8, 2020
$130,000
Lux Studios LLC
Alina Roselli Hair Design LLC
Warranty Deed
$91,000 · Available Not
Nov 10, 2020
—
Iowa Svc Of Process LLC
—
Deed
related
$350,000 · Freedom Fin'l Bk
Nov 3, 2020
$127,500
Michael B Oliver
Iowa Svc Of Process LLC
Warranty Deed
—
Nov 2, 2020
$254,500
Iowa Svc Of Process LLC
Michael B Oliver
Warranty Deed
—
Dec 27, 2019
—
William J Bishop
—
Deed
related
$115,000 · Luana Savings Bank
Nov 8, 2019
—
Seely Property Management LLC
—
Deed
related
$62,400 · Midwestone Bank
Aug 26, 2019
$110,000
Iowa Service Of Process LLC
Magic Dragon LLC
Warranty Deed
$88,000 · Freedom Financial Bank
Jun 26, 2019
—
Sayeed Props LLC
—
Deed
related
$50,000 · West Bk
Jan 11, 2018
$150,000
Magic Dragon LLC
Omar Jordan
Warranty Deed
$95,200 · Northwest Bank
Oct 2, 2017
—
Michael L Farrell
Farrell,patricia J
Deed
related
—
Sep 26, 2016
$80,000
Seely Propery Management LLC
Porto Family Limited Partnership
Warranty Deed
—
May 3, 2016
$105,000
Omar Jordan
Rustan Properties LLC
Warranty Deed
$250,000 · Luana Svgs Bk
Jan 5, 2010
$194,500
Christopher T Cowherd
Joan K Gannon Palmer
Warranty Deed
$175,500 · Wells Fargo Bank NA
Jun 12, 2008
$176,000
Paul G Palmer
Harvey,jerry D & Janice L
Quit Claim Deed
related
—
Jun 12, 2008
—
Paul G Palmer
Harvey,jerry D
Grant Deed
$142,275 · West Bank
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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