1675 51St AveDes Moines, IA 50313

Property Details for 1675 51St Ave

Year built

1985

Construction

STEEL FRAME

Lot size

11.05 AC

Property size (Sq ft)

131,169 SF

Zone code

HI

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

270/01666-009-011

APU

27001666009011

Description

This exceptional 131,169-square-foot warehouse, located at 1675 NW 51st Ave in Des Moines, Iowa, presents a significant opportunity for industrial businesses seeking ample space. The property is a single-tenant building, offering complete control and flexibility. The warehouse boasts a substantial 20-foot ceiling height, providing ample vertical storage capacity. Efficient operations are ensured with eight dock-high doors and four drive-in doors, facilitating seamless loading and unloading of goods. Situated in Polk County, with a 50313 zip code, this location offers convenient access to major transportation routes, enhancing distribution capabilities. The entire 131,169 square feet is currently vacant and ready for immediate occupancy. This property is ideal for businesses requiring significant storage and distribution space, offering a single-tenant environment for optimal control and operational efficiency. The property's size and features make it suitable for a wide range of industrial uses. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a rare opportunity to secure a large, well-equipped warehouse in a prime Des Moines location.

• CAP approach

  CAP return

  Valuation

  6%

  $22,870,598

  6.5%

  $21,111,320

  7%

  $19,603,368

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,694,866

  Geo Method

  $6,694,866

• Alternative Use

  Use

  Valuation

  Residential

  $26,178,038

  Hospitality

  $23,978,942

  Educational

  $19,950,198

  Medical

  $20,636,316

  Retail

  $31,033,640

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.652

Longitude

-93.5938

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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