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Property profile

1401 Ohio St Des Moines, IA 50314

FOR LEASE
Warehouses
Property ID
US25-0421332
7,900 SF 0.47 ac lot Built 1960
Last sale Sep 2024
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

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?
$15k
Tax billed · 2023
Assessed value · 2024$478k
Assessed land$33k
Assessed improvement$445k
Effective rate3.24%

Value estimate

· Oct 2026
$300k
$270k – $330k
CAP approach$570k
Submarket $/SF estimate$424k
NOI build-up
Gross scheduled income$50k
Vacancy & credit loss−$4k
Operating expenses−$14k
NOI · 359,911.11% cap applied$32k

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

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$56 – $135
Qualifying comparables4

Cap rate analysis

How does the asset earn?
359,911.11%
$32k 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 agency30.2
Building Supply17.3
Auto Parts Store16.5

Location

1401 Ohio St Des Moines, IA 50314
County assessor Recorded deeds · 3 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

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1801 2nd, Des Moines, IA 50314-3606 $22,000 Feb 2023 8,700 SF
1823 Ohio, Des Moines, IA 50314-3638 $1,200,000 Dec 2022 9,952 SF
79 University, Des Moines, IA 50314-3119 $875,000 Dec 2022 10,614 SF
1444 Illinois, Des Moines, IA 50314-3510 $1,088,000 Jul 2022 10,800 SF
1549 Vermont, Des Moines, IA 50314-3523 $700,000 May 2022 10,950 SF
111 Jefferson, Des Moines, IA 50314-3628 $43,500 Jun 2019 9,010 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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