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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1800 Dixon St Des Moines, IA 50316

    • Commercial real estate
    • 59,528 SF
    • 3.29 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0215543
    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

    • Rio Verde Food Service, INC / Agricultural Supply / Food Market
    • Chimney Sweep & Repair Pro Des Moines / General Contractor / Renovation Specialist
    • Insulation Plus / General Contractor / Renovation Specialist
    • United Seeds Inc / Agricultural Supply / Garden Center
    • K Tool Corporation / Industrial Manufacturer / Production Facility

    Property Details for 1800 Dixon St

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    3.29 lot acres
    Property size
    59,528 SF
    Zone code
    M-1
    Property type
    Commercial real estate
    APN
    110/00895-004-000
    APU
    11000895004000

    Description

    This exceptional Des Moines property, located at 1800 Dixon St, offers 28,800 square feet of versatile office and industrial space for lease. The building is currently fully vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual units. Flexible lease terms are available for spaces ranging from a minimum of 7,200 square feet up to a maximum contiguous space of 10,800 square feet. The property features a desirable mix of executive office space and warehouse functionality, ideal for a variety of businesses. Warehouse features include seven dock-high doors and four drive-in doors, ensuring efficient loading and unloading. The high ceilings, measuring 19 feet, provide ample vertical space for storage or specialized equipment. The building is equipped with three-phase power, catering to businesses with significant energy demands. Situated in Polk County, Iowa, with a convenient Des Moines address and zip code 50316, this property offers excellent accessibility and visibility. The property is ready for immediate occupancy. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,155,000
      6.5%
      $9,375,000
      7%
      $8,705,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,115,000
      Current use
      AUTO REPAIR, GARAGE
      $10,250,000
      Change: +68% Conversion: Difficult
      MEDICAL BUILDING
      $9,905,000
      Change: +62% Conversion: Easy
      RESTAURANT
      $9,190,000
      Change: +50% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $8,765,000
      Change: +43% Conversion: Moderate
      RETAIL STORES
      $6,915,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $5,470,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5887
    Latitude
    41.6118
    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
    $99,756
    $318,000
    $3,612,000
    $3,930,000
    -
    $318,000
    $3,612,000
    $3,930,000

    Comparable in this City

    • Value Estimation by Request

      Des Moines, IA 50316

      COMMERCIAL (GENERAL)
      Des Moines, IA 50316
      View Details
    • Value Estimation by Request
      0.46 Acres

      1733 University Ave

      COMMERCIAL (GENERAL) • 0.46 Acres
      1733 University Ave, Des Moines, IA 50316
      View Details
    • Value Estimation by Request
      0.16 Acres

      2019 Dixon St

      COMMERCIAL (GENERAL) • 0.16 Acres
      2019 Dixon St, Des Moines, IA 50316
      View Details
    • Value Estimation by Request
      0.04 Acres

      Des Moines, IA 50316

      COMMERCIAL (GENERAL) • 0.04 Acres
      Des Moines, IA 50316
      View Details
    • Value Estimation by Request
      0.00 Acres

      Des Moines, IA 50316

      COMMERCIAL (GENERAL) • 0.00 Acres
      Des Moines, IA 50316
      View Details
    • Value Estimation by Request
      0.13 Acres

      Des Moines, IA 50316

      COMMERCIAL (GENERAL) • 0.13 Acres
      Des Moines, IA 50316
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $0.80 SF/Yr

      Des Moines Development Land For Rent

      Corner lot development land near State Capital Building available for rent.
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      View Details
    • $6 SF/Yr
      77,270 SF

      Des Moines Flex Space Available

      77,270 SF Flex Space, 8,160 SF Vacant
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      View Details
    • $6 SF/Yr
      20,550 SF

      Des Moines Warehouse Space Available

      20,550 SF warehouse space for lease in Des Moines.
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      View Details
    • $20 SF/Yr
      6,228 SF

      Des Moines Office Space Available

      6,228 SF office space for sublease in Des Moines.
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    • $6 SF/Yr
      6,550 SF

      Warehouse Space Available for Sublease

      6,550 SF warehouse space available for sublease.
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    • $8 SF/Yr
      3,356 SF

      Des Moines Flex Space Available

      3,356 SF flex space with mezzanine office in Des Moines.
      2100 Dixon St, Des Moines, IA 50316
      View Details
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    1800 Dixon St
    Des Moines, IA 50316
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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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