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    Property profile & analytics

    4219 Hubbell Ave Des Moines, IA 50317

    • Land
    • 4.10 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 4219 Hubbell Ave

    Lot size
    4.10 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 4.1-acre parcel presents a unique investment opportunity in Des Moines, Iowa. Located on heavily trafficked Hubbell Avenue, this property boasts unparalleled visibility and accessibility. Its zoning allows for a diverse range of development options, including retail, office, and residential uses, making it ideal for a mixed-use project. The site is conveniently served by all utilities, simplifying the development process. The surrounding area features a blend of residential, office, and warehouse developments, creating a synergistic environment. This location offers an underserved retail market, presenting a significant opportunity for new development to cater to the area's needs. The property's strategic location and versatile zoning make it an attractive proposition for developers seeking a high-impact project in a thriving Des Moines neighborhood. Furthermore, the possibility of acquiring additional adjacent land expands the potential scope of this development. This is a rare chance to acquire a substantial parcel in a prime location with significant growth potential. The property is being offered for sale by owner. The address is 4219 Hubbell Ave, Des Moines, IA 50317.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5303
    Latitude
    41.6366

    Comparable in this City

    • Value Estimation by Request

      Douglas Ave

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      1.48 Acres

      4150 University Ave

      Land • 1.48 Acres
      4150 University Ave, Des Moines, IA 50317
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    • Value Estimation by Request
      1.05 Acres

      5101 Hubbell Ave

      Land • 1.05 Acres
      5101 Hubbell Ave, Des Moines, IA 50317
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      4120 43Rd Ct

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      4.48 Acres

      4400 46Th St

      Land • 4.48 Acres
      4400 46Th St, Des Moines, IA 50317
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    • Value Estimation by Request
      2,043 SF

      2036-2044 Capitol Ave

      Multifamily properties • 2,043 SF
      2036-2044 Capitol Ave, Des Moines, IA 50317
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    Similar Nearby for Sale

    • Contact for pricing
      4.10 Acres

      Des Moines Multi-Use Land Opportunity

      4.1 Acres, Hubbell Ave, Des Moines
      4219 Hubbell Ave, Des Moines, IA 50317
      View Details
    • Contact for pricing

      Des Moines Residential Development Land

      167 Acres, Prime Des Moines Location
      0 Douglas Ave, Des Moines, IA 50317
      View Details
    • $150,000
      0.20 Acres

      Des Moines Commercial Land Investment

      Prime Hubbell Ave Location, Mixed-Use Zoning
      3703 Hubbell Ave, Des Moines, IA 50317
      View Details
    • $250,000
      1.48 Acres

      Des Moines Commercial Land - $250K

      1.48 Acres, N3A Zoning, Hwy 5 Access
      4150 University Ave, Des Moines, IA 50317
      View Details
    • $1,268,000
      4.48 Acres

      Des Moines Commercial Land - 4.48 Acres

      Prime Des Moines land, ideal for redevelopment.
      4400 46Th St, Des Moines, IA 50317
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    • $500,000
      1.10 Acres

      Des Moines Commercial Development Land

      1.1-Acre Prime Development Site
      2901 Euclid Ave, Des Moines, IA 50317
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    Similar Nearby for Lease

    • $4 SF/Yr
      130,078 SF

      Des Moines Warehouse Space Available

      130,078 SF Warehouse, Des Moines, IA
      2425 Hubbell Ave, Des Moines, IA 50317
      View Details
    • $9 SF/Yr
      36,000 SF

      Hubbell Avenue Retail/Warehouse Space

      Retail/warehouse space with outdoor storage, near major highways.
      4905 Hubbell Ave, Des Moines, IA 50317
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    • $6 SF/Yr
      221,520 SF

      Crosswind Business Park II Warehouse

      Modern Des Moines warehouse space available.
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    • $8 SF/Yr
      25,060 SF

      Des Moines Industrial Opportunity

      25,060 SF industrial space on 7.99 acres.
      804 SE 30Th St, Des Moines, IA 50317
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    • Contact for pricing
      263,500 SF

      Adaptable Des Moines Industrial Space

      Flexible industrial park with customizable options for manufacturing operations.
      SE 36Th St, Des Moines, IA 50317
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    • $8 SF/Yr
      3,366 SF

      Retail Space Near Interstate 235

      Retail property with direct access to I-235 and ample parking.
      2545 E Euclid Ave, Des Moines, IA 50317
      View Details
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    4219 Hubbell Ave
    Des Moines, IA 50317
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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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