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Financial
Distress signals
Property profile

1202 Thomas Beck Rd Des Moines, IA 50315

FOR LEASE
Manufacturing properties
Property ID
US25-0286888
61,004 SF 9.68 ac lot Built 1989
Last sale Jun 2022 · $3,200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This Des Moines, Iowa property at 1202 Thomas Beck Rd, zip code 50315, offers a flexible industrial and office space solution. The building, a Class B property constructed in 1989, boasts a total of 61,004 square feet on a 9.68-acre lot. Currently, there is a space available ranging from 22,748 to 37,129 square feet, depending on whether an adjacent bay is included. The larger space option provides ample warehouse area with 19-foot ceilings, ideal for various industrial uses. Within the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$131k
Tax billed · 2023
Assessed value · 2024$3.51M
Assessed land$714k
Assessed improvement$2.80M
Effective rate3.74%

Value estimate

· Oct 2026
$2.89M
$2.60M – $3.18M
AI approach$2.93M
CAP approach$3.85M
Submarket $/SF estimate$2.64M
NOI build-up
Gross scheduled income$87k
Vacancy & credit loss−$7k
Operating expenses−$24k
NOI · 864,215.38% cap applied$56k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$73/SF
Submarket average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$40 – $133
Qualifying comparables4

Cap rate analysis

How does the asset earn?
864,215.38%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-1
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency24.3
Dental Office19.9
Auto Repair Shop19.9

Location

1202 Thomas Beck Rd Des Moines, IA 50315
County assessor Recorded deeds · 4 transfers 4 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

16 properties in this city
Recent sales nearby
No comparable recorded sale in this ZIP
No comparable recorded sale in this ZIP. Our records hold no sale here we could set beside this property for the last 8 years, so the properties below are drawn from the whole city. They are neighbours, not transactions.
Comparable in this city
6 properties of the same type in this city
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