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    Property profile & analytics

    113 8Th St Des Moines, IA 50309

    • Industrial properties
    • 25,416 SF
    • 1.04 lot acres
    For Lease
    View listing
    Value Estimation
    $710,000
    Location Intelligence
    Property ID
    US25-0306512
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 113 SW 8th St Parking / Parking Lot

    Property Details for 113 8Th St

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    1.04 lot acres
    Property size
    25,416 SF
    Zone code
    C-3A
    Property type
    Industrial properties
    APN
    020/01124-001-000
    APU
    2001124001000

    Description

    This exceptional industrial property, the Lortex Building, presents a significant opportunity for a single tenant. Located at 113 SW 8th St, Des Moines, IA 50309, this warehouse boasts a total of 20,000 square feet of space, all currently available for lease. The building is a two-story structure situated on a 1.04-acre lot, providing ample room for operations and potential expansion. The property offers convenient access to major transportation routes, placing it within easy reach of Des Moines's vibrant business community. Its strategic location along the MLK corridor offers proximity to key attractions including the new soccer stadium, Principal Park, and the new Market District Park, enhancing visibility and accessibility. The building includes 95 surface parking spaces, ensuring convenient parking for employees and clients. The lease rate is $8.00 per square foot, modified gross. This is a rare opportunity to secure a substantial, well-located warehouse in a thriving area of Des Moines. The entire 20,000 square feet is ready for immediate occupancy. Don't miss this chance to establish your business in a prime Des Moines location.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $725,000

    • CAP approach

      CAP return
      Estimation
      6%
      $795,000
      6.5%
      $755,000
      7%
      $750,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $695,000
      Geo Method
      $700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $780,000
      Retail
      $775,000
      Mixed-Use
      $665,000
      Hospitality
      $720,000
      Educational
      $655,000
      Residential Income
      $765,000
      Energy
      $705,000
      Income-Based Land
      $695,000
      Food Service
      $770,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6255
    Latitude
    41.5823
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $40,840
    $751,000
    $359,000
    $1,110,000
    -
    $751,000
    $359,000
    $1,110,000

    Comparable in this City

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    • Value Estimation
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      339 6th St

      INDUSTRIAL (GENERAL) • 19,657 SF
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    • Value Estimation
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      512 Elm St

      INDUSTRIAL (GENERAL) • 9,900 SF
      512 Elm St, Des Moines, IA 50309-4728
      View Details
    • Value Estimation
      $875,000
      9,350 SF

      520 5th St

      INDUSTRIAL (GENERAL) • 9,350 SF
      520 5th St, Des Moines, IA 50309-4502
      View Details

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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
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