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    1033-1035 67Th St Windsor Heights, IA 50324
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    1033-1035 67Th St Windsor Heights, IA 50324

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    • Apartment buildings
    • 2,846 SF
    • 0.21 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1033-1035 67Th St

    Year built
    2017
    Lot size
    0.21 lot acres
    Property size
    2,846 SF
    Property type
    Apartment buildings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Windsor Heights
    County
    Polk
    State
    Iowa
    Longitude
    -93.7089
    Latitude
    41.5972

    Comparable in this City

    • Value Estimation
      $775,000
      11,520 SF

      1225 66th St

      APARTMENT HOUSE (5+ UNITS) • 11,520 SF
      1225 66th St, Windsor Heights, IA 50324-1741
      View Details
    • Value Estimation by Request
      2,846 SF

      1036 66Th St

      Multifamily properties • 2,846 SF
      1036 66Th St, Windsor Heights, IA 50324
      View Details
    • Value Estimation
      $795,000
      6,204 SF

      2226 68th St

      APARTMENT HOUSE (5+ UNITS) • 6,204 SF
      2226 68th St, Windsor Heights, IA 50324-4944
      View Details
    • Value Estimation by Request
      1,164 SF

      900 65th St

      APARTMENT HOUSE (5+ UNITS) • 1,164 SF
      900 65th St, Windsor Heights, IA 50324-1027
      View Details
    • Value Estimation
      $6,120,000
      86,100 SF

      6300 School St

      APARTMENT HOUSE (5+ UNITS) • 86,100 SF
      6300 School St, Windsor Heights, IA 50324-1866
      View Details
    • Value Estimation
      $2,645,000
      43,320 SF

      6336 Hickman Rd

      APARTMENT HOUSE (5+ UNITS) • 43,320 SF
      6336 Hickman Rd, Windsor Heights, IA 50324-5079
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,846 SF

      Windsor Heights Duplex Investment Opportunity

      Two duplex buildings for sale, built in 2017, fully leased.
      1036 66 St, Windsor Heights, IA 50324
      View Details
    • Contact for pricing
      2,846 SF

      Windsor Heights Duplex Investment Opportunity

      Two duplex buildings for sale, built in 2017.
      1033-1035 67 St, Windsor Heights, IA 50324
      View Details
    • Contact for pricing

      Commercial Pad Sites For Sale

      Three commercial pad sites available at a signalized intersection.
      6300 Hickman Rd, Des Moines, IA 50324
      View Details
    • Contact for pricing

      36.30 Acres Land Available

      Land available south of NE University near major highways.
      NE 70Th St, Pleasant Hill, IA 50324
      View Details
    • Contact for pricing

      Windsor Heights Pad Sites Available

      Three commercial pad sites for sale at a busy intersection.
      6300 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • Contact for pricing
      3 SF

      Commercial Pad Sites For Sale

      Three commercial pad sites available at a signalized intersection.
      6300 Hickman Rd, Des Moines, IA 50324
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      14,000 SF

      Office Space on Hickman Road

      Office space for rent with excellent location and amenities.
      7900 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • $9 SF/Yr

      Medical Office Space Available

      Former orthodontics office with operatories, lab, and private offices.
      7180 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • $10 SF/Yr
      23,351 SF

      Windsor Heights Office Suites

      Des Moines West Executive Offices Available
      6611 University Ave, Windsor Heights, IA 50324
      View Details
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    Windsor Heights, IA 50324
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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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