New search
Property profile & analytics
OFF-MARKET
Investment properties
1525 Vermont St Des Moines, IA 50314-3523
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-0020602
Property summary
AI-generated overview
This exceptional Des Moines industrial property, located at 1525 Vermont St, offers a rare opportunity to acquire a freestanding 2,800 square foot flex warehouse. Built in 1971, this single-story building sits on a spacious 13,000 square foot lot and is zoned I-1. The property features a convenient blend of warehouse and office space, ideal for a variety of businesses. The warehouse area boasts one dock-high door and two drive-in doors, ensuring efficient loading and unloading. A 750 square foot office area includes a reception area, individual offices, and restrooms, providing a comfortable and functional workspace. Adding to its appeal is a fenced outdoor storage area, offering additional security and space. Available for occupancy December 1st, 2024, this property presents a unique investment opportunity in a desirable Des Moines location, within Polk County, Iowa, zip code 50314. The asking price is $360,000.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2009
Construction
STEEL FRAME
Total area
2,800 SF
Lot
0.3 ac (13,000 SF)
Zoning code
M-1
APN
080/00809-001-000
UPID
US25-0020602
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wingspan Realty Partners LLC · 1 yrs held
Wingspan Realty Partners LLC
since 2025
Last sale
$340,000
4 recorded transactions
Zoning & alternative use
M-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$282,000
Assessed 2023
Previous assessed
$282,000
+0.0% YoY
Assessed land
$20,600
Assessed improvement
$261,400
Land market value
$20,600
Improvement market value
$261,400
Total market value
$282,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
1
Rooms
3
Total area
2,800 SF
Lot
0.3 ac (13,000 SF)
Zoning code
M-1
APN
080/00809-001-000
UPID
US25-0020602
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IA
Zoning M-1 · permitted uses
M-1 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Rooms
3
Lot
0.3 ac
Current owner
From public records · entity-resolved
Wingspan Realty Partners LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1111 9TH ST STE #190, DES MOINES, IA 50314-2527
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
Wingspan Realty Partners LLC
—
Deed
related
$289,000 · Firstbank
Feb 10, 2025
$340,000
Wingspan Realty Partners LLC
Des Moines Health Center INC
Warranty Deed
—
Apr 17, 2007
$160,000
Des Moines Health Center INC
Knowlton,rick C & Carol S
Warranty Deed
—
Nov 2, 2005
—
Rick C Knowlton
—
Trustees Deed
related
$100,000 · Charter Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1525 Vermont St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
