Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1540 Hartford Ave Des Moines, IA 50320-1001

    • Investment properties
    • 240 SF
    • 13.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0086286
    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.

    Current Use by Public Records

    • Maxim Trucking & Materials Inc. / Transportation Service / Masonry Contractor

    Property Details for 1540 Hartford Ave

    Year built
    2003
    Construction
    FRAME
    Lot size
    13.01 lot acres
    Property size
    240 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    020/02325-003-000
    APU
    2002325003000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5929
    Latitude
    41.5719
    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
    $3,240
    $149,000
    $5,000
    $154,000
    -
    $149,000
    $5,000
    $154,000

    Comparable in this City

    • Value Estimation by Request
      3,620 SF

      3121 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,620 SF
      3121 14th St, Des Moines, IA 50320-1317
      View Details
    • Value Estimation by Request
      2,990 SF

      3022 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,990 SF
      3022 14th St, Des Moines, IA 50320-1301
      View Details
    • Value Estimation by Request
      1,775 SF

      2232 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,775 SF
      2232 14th St, Des Moines, IA 50320-1105
      View Details
    • Value Estimation by Request
      2,352 SF

      3149 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,352 SF
      3149 14th St, Des Moines, IA 50320-1329
      View Details
    • Value Estimation
      $4,010,000
      31,545 SF

      7401 Us Hwy 69

      OFFICE/RESIDENTIAL (MIXED USE) • 31,545 SF
      7401 Us Hwy 69, Des Moines, IA 50320
      View Details
    • Value Estimation by Request
      2,232 SF

      1930 Army Post Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,232 SF
      1930 Army Post Rd, Des Moines, IA 50320-1824
      View Details

    Similar Nearby for Sale

    • $610,200
      12.20 Acres

      Residential Development Land Near Airport

      Over 12 acres of residential development ground near Des Moines Airport.
      County Line Rd, Des Moines, IA 50320
      View Details
    • $795,000
      3,000 SF

      Warehouse Condo Near Airport

      3,000 SF warehouse condo with desirable features for sale.
      7640 SW 22Nd St, Des Moines, IA 50320
      View Details
    • Contact for pricing
      105,000 SF

      Adaptable Manufacturing Site in Des Moines

      Flexible industrial park with customizable options and ample storage.
      E Pine Ave, Des Moines, IA 50320
      View Details
    • $69,000
      0.27 Acres

      Land Near Easter Lake

      Residential land for sale near Easter Lake in Des Moines.
      2907 Lake Hill Dr, Des Moines, IA 50320
      View Details
    • $86,000
      0.24 Acres

      Residential Land in Des Moines, IA

      Residential land for sale in a growing Des Moines community.
      2914 Lake Hill Dr, Des Moines, IA 50320
      View Details
    • $300,000
      1.92 Acres

      Des Moines Land Opportunity

      1.92 acres of land suitable for development.
      3101 SE 22Nd St, Des Moines, IA 50320
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      243,000 SF

      Southeast Plaza Retail Space

      Des Moines storefront, high traffic area
      5101 14Th St, Des Moines, IA 50320
      View Details
    • $9 SF/Yr
      12,450 SF

      Des Moines Warehouse Space Available

      12,450 RSF warehouse space for sublease in Des Moines.
      4774 NE 22Nd St, Des Moines, IA 50320
      View Details
    • $25 SF/Yr
      2,877 SF

      Retail Space Near I-35/80

      2,877 SF retail space adjoining QuikTrip, drive-up ready.
      4801 NE 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing
      262,500 SF

      Des Moines Industrial Logistics Center

      Premier industrial and logistics center in Des Moines, Iowa.
      4700 NE 14Th St, Des Moines, IA 50320
      View Details
    • $9 SF/Yr
      1,800 SF

      Industrial Space with Interstate Access

      1,800 SF industrial space featuring 18' ceilings and sprinkler system.
      5741 NE 22Nd St, Des Moines, IA 50320
      View Details
    • Contact for pricing
      12,024 SF

      Des Moines Retail Space - 2,844 SF

      Prime Des Moines retail space, ideal for salon or retail use.
      4930 14Th St, Des Moines, IA 50320
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1540 Hartford Ave
    Des Moines, IA 50320-1001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.