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    6051 14Th St Des Moines, IA 50320

    • Retail properties & Spaces
    • 22,800 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dollar Tree / Grocery & Convenience Store / Food Market

    Property Details for 6051 14Th St

    Property size
    22,800 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional 22,800-square-foot retail property is situated in Des Moines, Iowa, within Polk County, at 6051 SE 14th Street, zip code 50320. The single-tenant building offers a significant opportunity for businesses seeking a high-visibility location on the heavily traveled SE 14th Street corridor. This renovated space boasts strong demographics and benefits from its convenient location just north of the intersection of Army Post Road and SE 14th Street. The property is strategically positioned near a cluster of established businesses, including Olive Garden, Dollar Tree, CubeSmart Storage, Mattress Firm, Applebee's Grill & Bar, Eyeglass World, Jiffy Lube, Walgreens, Popeyes Louisiana Kitchen, and Arby's. The SE 14th corridor presents a unique opportunity due to limited available inventory and significant barriers to entry for new businesses. The 22,800 square feet of retail space offers flexibility, with the possibility of subdivision to accommodate various business needs. This property represents a compelling investment opportunity in a thriving commercial area. The property's address is verified as 6051 SE 14th St, Des Moines, IA 50320.

    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
    -93.595
    Latitude
    41.5296

    Comparable in this City

    • Value Estimation
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      7,680 SF

      3719 14th St

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    • Value Estimation by Request
      161,792 SF

      3221-3411 14Th St

      Retail properties & Spaces • 161,792 SF
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    • Value Estimation by Request
      2,400 SF

      2122 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      2122 14th St, Des Moines, IA 50320-1104
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    • Value Estimation by Request
      3,384 SF

      6136 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,384 SF
      6136 14th St, Des Moines, IA 50320-1705
      View Details
    • Value Estimation by Request
      3,012 SF

      3401 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,012 SF
      3401 14th St, Des Moines, IA 50320-1335
      View Details
    • Value Estimation
      $550,000
      7,445 SF

      4300 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,445 SF
      4300 14th St, Des Moines, IA 50320-1640
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      12,450 SF

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    6051 14Th St
    Des Moines, IA 50320
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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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