1675 51st Ave Des Moines, IA 50313-2124
- Investment properties
- 131,169 SF
- 11.05 lot acres
Current Use by Public Records
- JT Logistics / Trucking Company / Warehouse
- XPO Logistics / Warehouse
Property Details for 1675 51st Ave
- Year built
- 1985
- Construction
- STEEL FRAME
- Lot size
- 11.05 lot acres
- Property size
- 131,169 SF
- Zone code
- HI
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 270/01666-009-011
- APU
- 27001666009011
Description
This exceptional 131,169-square-foot warehouse, located at 1675 NW 51st Ave in Des Moines, Iowa, presents a significant opportunity for industrial businesses seeking ample space. The property is a single-tenant building, offering complete control and flexibility. The warehouse boasts a substantial 20-foot ceiling height, providing ample vertical storage capacity. Efficient operations are ensured with eight dock-high doors and four drive-in doors, facilitating seamless loading and unloading of goods. Situated in Polk County, with a 50313 zip code, this location offers convenient access to major transportation routes, enhancing distribution capabilities. The entire 131,169 square feet is currently vacant and ready for immediate occupancy. This property is ideal for businesses requiring significant storage and distribution space, offering a single-tenant environment for optimal control and operational efficiency. The property's size and features make it suitable for a wide range of industrial uses. Interested parties are encouraged to inquire for further details and to schedule a viewing. This is a rare opportunity to secure a large, well-equipped warehouse in a prime Des Moines location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,720,000
- 6.5%
- $2,915,000
- 7%
- $2,745,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,475,000
- Geo Method
- $3,245,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,380,000
- Retail
- $2,825,000
- Mixed-Use
- $2,875,000
- Hospitality
- $2,660,000
- Educational
- $2,585,000
- Residential Income
- $2,540,000
- Energy
- $2,430,000
- Income-Based Land
- $2,610,000
- Food Service
- $2,275,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.5938
- Latitude
- 41.652
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA