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    218 4Th St Des Moines, IA 50309

    Sponsored
    For Sale
    $1,200,000

    Prime income-producing parking facility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 61-stall parking garage located at 218 4th Street, Des Moines, Iowa, 50309, in the heart of downtown. The property, situated on a 0.203-acre lot, is zoned DX1 and offers a significant income stream. Currently generating a gross monthly revenue of $6,100 ($73,200 annually), this established business provides immediate cash flow. A key advantage is the garage's convenient connection to the Kirkwood Commons building via the city's skywalk system, ensuring high demand and accessibility for users. The asking price for this turnkey operation is $1,200,000. This represents a compelling opportunity to acquire a well-established, income-generating asset in a thriving downtown Des Moines location. The property's strategic location and existing infrastructure make it an attractive investment for both seasoned and new investors seeking a stable and profitable venture in a dynamic urban environment. The property's strong financial performance and convenient location within the city's skywalk system contribute to its high occupancy rates and consistent revenue generation. This is a rare opportunity to acquire a fully operational parking facility in a prime downtown location.

    Property Features for 218 4Th St

    General Information

    Property type
    Land
    Lot Size
    8,843 SF

    HighLights

    • Generates $6,100 monthly gross revenue ($73,200 annually).
    Property Profile Location Intelligence

    Current Use by Public Records

    AAA Home Services Garbage Dump

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6119976
    Latitude
    41.5876486

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    FAQs

    What type of property is this?
    Land - Prime income-producing parking facility.
    Where is this land located?
    The property is located at 218 4Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Generates $6,100 monthly gross revenue ($73,200 annually).; ;
    Request Owner's contact information
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    Des Moines, IA 50309
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    Realmo Value Estimation

    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.

    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.

    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
    218 4Th St Des Moines, IA 50309
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