Property profile

106 6th St Des Moines, IA 50309

OFF-MARKET
Investment properties
Property ID
US25-0441551
52,593 SF 1.12 ac lot Built 2014
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 49,851-square-foot creative office building in Des Moines, Iowa, presents a unique owner-user investment opportunity. Located at 106 E 6th St, in the heart of Polk County, zip code 50309, this single-story building underwent a complete redevelopment in 2016. The asking price is $5,950,000, translating to a price per square foot of $119.36. The property is offered on a NNN lease. Ample parking is available, with over 130 spaces on-site and additional parking across E 6th Street. Its strategic location places it within easy walking distance of the vibrant East Village and the State Capitol Grounds, offering unparalleled convenience and accessibility. The interior boasts a range of functional spaces designed to enhance productivity and collaboration, including dedicated conference rooms, breakout rooms, and private phone rooms. A comfortable lunch/break room provides a welcoming space for employees. Furthermore, a dock area offers potential for future expansion or conversion into executive parking. This property represents a rare opportunity to acquire a fully modernized, well-located, and highly functional creative office space in a thriving Des Moines market.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2014
Construction STEEL FRAME
Total area 52,593 SF
Lot 1.12 ac (48,657 SF)
Zoning code M-1
APN 040/01067-001-001
UPID US25-0441551

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Advertising Agency Marketing & Advertising

Location

106 6th St Des Moines, IA 50309-1951
Des Moines metro Census 5200 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.55M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.19M
Blend (final) Blend
$5.26M

Owner & transaction history

since 2024
Last sale
$5.4M
7 recorded transactions
2024
$7.7M
2022
$5.4M
2020
Price N/A
2014
Price N/A
2010
Price N/A
2008
$3.5M
2005
$920,000

Zoning & alternative use

M-1 · Des Moines, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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