OFF-MARKET
Warehouses
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Individually Owned Property summary
AI-generated overview
This single-tenant industrial property, located at 1662 NE 55th Ave in Des Moines, Iowa, 50313, offers 4,000 square feet of versatile warehouse and flex space. The building features one 8'x8' dock door and one 12'x12' drive-in door, providing convenient access for loading and unloading. The property also includes approximately 400 square feet of newly remodeled office space, ideal for administrative functions or small-scale operations. For storage needs, racking is available. Parking is shared with neighboring buildings under the same ownership. The property is classified as Industrial with a Warehouse/Flex subtype. Estimated 2024 expenses are $2.35 per square foot. This location provides easy access to Des Moines' transportation networks and offers a functional space suitable for a variety of businesses. The property is ready for immediate occupancy. Inquire today for more details and to schedule a viewing.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
4,000 SF
Lot
0.34 ac (14,810 SF)
Zoning code
HI
APN
270/02467-025-002
UPID
US25-0243833
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
since 2018
1 recorded transaction
Zoning & alternative use
HI · Des Moines, IA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$265k
Value range
$239k – $292k
±10% around blend
Estimated value / SF
$66 / SF
Confidence
Property data
88
Market benchmarks
100
Comparable evidence
60
$239k
blend $265k
$292k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
4,000 SF
Lot area
0.34 ac
Year built
1990
Stories
1
APN
270/02467-025-002
Assessed value
$257,000
Annual tax
$6,446
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$265k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 56 sales
$108
-39%
Submarket 123 sales
$92
-28%
County 215 sales
$85
-22%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $66/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$257k
Move the market yield to see immediate price impact.
Value / SF
$64
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$16k
$324k
$231k
$180k
$18k
$360k
$257k
$200k
$20k
$396k
$283k
$220k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$6,446
Tax year 2023
Assessed value
$257,000
Assessed 2024
Previous assessed
$257,000
+0.0% YoY
Effective rate
2.51%
On assessed value
Assessed land
$29,500
Assessed improvement
$227,500
Land market value
$29,500
Improvement market value
$227,500
Total market value
$257,000
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Rooms
8
Bathrooms
2
Total area
4,000 SF
Lot
0.34 ac (14,810 SF)
Zoning code
HI
APN
270/02467-025-002
UPID
US25-0243833
Jurisdiction
POLK
Zoning & alternative use
HI · Des Moines, IAZoning HI · permitted uses
HI · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Rooms
8
Bathrooms
2
Lot
0.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
HI
Jurisdiction
Des Moines, IA
Recorded code
HI
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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