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    1501 Aurora Ave Des Moines, IA 50313-3912
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    1501 Aurora Ave Des Moines, IA 50313-3912

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    • Investment properties
    • 10,004 SF
    • 0.98 lot acres
    Off-Market
    Property ID
    US25-0254845
    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.
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ironworkers Local 67 / Advocacy Group
    • Asbestos Workers / Advocacy Group

    Property Details for 1501 Aurora Ave

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    0.98 lot acres
    Property size
    10,004 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    110/06519-001-000
    APU
    11006519001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,276,000
      Market price range: $371k - $5.27M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,040,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,475,000
      Change: +42% Conversion: Moderate
      RETAIL STORES
      $1,160,000
      Change: +12% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,085,000
      Change: +4% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5982
    Latitude
    41.6363
    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
    2020
    $11,848
    $86,500
    $502,500
    $589,000
    -
    $86,500
    $502,500
    $589,000

    Comparable in this City

    • Value Estimation
      $6,660,000
      63,739 SF

      1800 Broadway Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 63,739 SF
      1800 Broadway Ave, Des Moines, IA 50313-2644
      View Details
    • Value Estimation
      $4,525,000
      39,264 SF

      4140 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 39,264 SF
      4140 14th St, Des Moines, IA 50313-3804
      View Details
    • Value Estimation
      $1,045,000
      7,512 SF

      3129 Pr Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 7,512 SF
      3129 Pr Ln, Des Moines, IA 50313-7604
      View Details
    • Value Estimation
      $3,445,000
      20,200 SF

      6361 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 20,200 SF
      6361 14th St, Des Moines, IA 50313-1212
      View Details
    • Value Estimation
      $630,000
      5,000 SF

      5694 17th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,000 SF
      5694 17th St, Des Moines, IA 50313-1616
      View Details
    • Value Estimation
      $835,000
      8,220 SF

      3423 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,220 SF
      3423 Delaware Ave, Des Moines, IA 50313-4709
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land Available

      Land available for retail, office, and industrial uses.
      14th St & Euclid Ave, Des Moines, IA 50313
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    • Contact for pricing

      Land Available For Sale

      Land available for sale in Metro North Business Park.
      North Business Park, Des Moines, IA 50313
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    • Contact for pricing

      Premier Industrial and Logistics Center

      Prime location for logistics and distribution in Des Moines.
      4600 NE 14Th St, Des Moines, IA 50313
      View Details
    • $529,000

      Development Site on Corner Lot

      1.364 acre development site on the corner of E 14th.
      3810 E 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Des Moines Land For Sale

      Up to 32.425 acres of land with highway visibility.
      E Pine Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      39,164 SF

      Des Moines Flex/Office Space

      Available flex and office space in Des Moines.
      101 Sheridan Ave, Des Moines, IA 50313
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space For Lease

      Commercial space available for lease in Des Moines, Iowa.
      6717 NE 15Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing
      7,448 SF

      Retail Space Near Interstate I-80/35

      7,448 SF retail space with high visibility and access.
      5029 NE 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Restaurant Opportunity on Northeast 14th

      7,448 SF building on a 62,809 SF lot.
      5029 Northeast 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      New Des Moines Warehouse Suite

      4,000 SF warehouse suite in rapidly growing Des Moines area.
      4370 Northwest 4Th St, Des Moines, IA 50313
      View Details
    • $8 SF/Yr

      Commercial Flex Space For Lease

      Commercial/Flex property for lease with great visibility and industrial zoning.
      3296 NW Prairie Ln, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Commercial Space Available For Lease

      Commercial property available for lease in Des Moines, Iowa.
      5741 NE 22Nd St, Des Moines, IA 50313
      View Details
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    1501 Aurora Ave
    Des Moines, IA 50313-3912
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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