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

    1800 Hull Ave Des Moines, IA 50313

    • Manufacturing properties
    • 35,100 SF
    • 5.33 lot acres
    For Lease
    View listing
    $6 SF/Yr
    Last Sale
    Jun 02, 2023
    $4,400,000
    Value Estimations
    $4,990,000
    Cap Rate Potential
    2.9%
    Manufacturing properties
    Location Intelligence
    Property ID
    US25-0616057
    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

    • Royal Flooring Outlet / Flooring Store

    Property Details for 1800 Hull Ave

    Year built
    1985
    Construction
    STEEL FRAME
    Lot size
    5.33 lot acres
    Property size
    35,100 SF
    Zone code
    M-2
    Property type
    Manufacturing properties
    APN
    110/06599-009-006
    APU
    11006599009006

    Description

    This exceptional Class A warehouse property, located at 1800 Hull Avenue in Des Moines, Iowa, offers a diverse range of space options perfect for various industrial needs. The building, constructed in 1985 and extensively renovated in 2014, boasts a total of 70,660 square feet across six suites. Individual spaces range from a minimum of 7,513 square feet to a maximum contiguous space of 70,660 square feet, providing flexibility for businesses of all sizes. The property sits on a generous 5.33-acre lot and features impressive amenities including 3 dock-high doors and 32 drive-in doors, ensuring efficient loading and unloading. High ceilings, ranging from 13 to 23 feet, accommodate a variety of storage and operational needs. Ample parking is provided with 90 spaces available. The building benefits from robust 1200 Amp, 3-phase electrical service. Strategically located in Northeast Des Moines, this property enjoys convenient access to I-235 via Euclid Avenue, enhancing logistical efficiency. The property is situated in Polk County, Iowa, with a zip code of 50313. This is a rare opportunity to lease high-quality industrial space in a prime Des Moines location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,990,000
      ML approach
      $4,695,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $6,045,000
      MEDICAL BUILDING
      $5,840,000
      RESTAURANT
      $5,420,000
      APARTMENT HOUSE (5+ UNITS)
      $5,170,000
      RETAIL STORES
      $4,075,000
      WAREHOUSE, STORAGE
      $3,800,000
      COMMERCIAL (GENERAL)
      $3,640,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5877
    Latitude
    41.6229
    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
    2023
    $126,352
    $363,000
    $3,017,000
    $3,380,000
    -
    $363,000
    $3,017,000
    $3,380,000

    Comparable in this City

    • Value Estimation
      $725,000
      126,600 SF

      Des Moines, IA 50313

      FACTORY (MANUFACTURING) • 126,600 SF
      Des Moines, IA 50313
      View Details
    • Value Estimation by Request
      17,064 SF

      4198 Delaware Ave

      FACTORY (MANUFACTURING) • 17,064 SF
      4198 Delaware Ave, Des Moines, IA 50313-2546
      View Details
    • Value Estimation
      $700,000
      26,838 SF

      2070 60th Ave

      FACTORY (MANUFACTURING) • 26,838 SF
      2070 60th Ave, Des Moines, IA 50313-1647
      View Details
    • Value Estimation
      $710,000
      39,100 SF

      2725 1st St

      FACTORY (MANUFACTURING) • 39,100 SF
      2725 1st St, Des Moines, IA 50313
      View Details
    • Value Estimation
      $490,000
      34,801 SF

      1948 Hull Ave

      FACTORY (MANUFACTURING) • 34,801 SF
      1948 Hull Ave, Des Moines, IA 50313-4741
      View Details
    • Value Estimation
      $1,220,000
      15,000 SF

      2100 60th Ave

      FACTORY (MANUFACTURING) • 15,000 SF
      2100 60th Ave, Des Moines, IA 50313-1648
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      422,212 SF

      Des Moines Warehouse and Distribution

      422,212 SF warehouse/distribution property in Des Moines, Iowa.
      3811 Dixon St, Des Moines, IA 50313
      View Details
    • $1,695,000

      Des Moines Industrial Land Investment

      Prime IA location, mixed-use zoning.
      0 Pine Ave, Des Moines, IA 50313
      View Details
    • $3,250,000
      28,000 SF

      Industrial Building in NE Des Moines

      28,000 SF industrial building with dock doors and high ceilings.
      3801 Delaware Ave, Des Moines, IA 50313
      View Details
    • $555,390
      1.03 Acres

      Des Moines Industrial Land - $555K

      1.03-acre Light Industrial lot in Des Moines.
      6270 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing
      4.08 Acres

      Ankeny Industrial Development Land

      Prime Ankeny lots, I-35 access.
      0 22Nd St, Ankeny, IA 50313
      View Details
    • Contact for pricing
      7,520 SF

      Industrial Space with Dock Doors

      7,520 SF industrial space with dock doors available for sublease.
      635 New York Ave, Des Moines, IA 50313
      View Details

    Similar Nearby for Lease

    • $850,000
      5,814 SF

      Warehouse/Manufacturing Building with Fenced Storage

      5,814 SF warehouse/manufacturing building with ample parking.
      3839 Delaware Ave, Des Moines, IA 50313
      View Details
    • $13 SF/Yr
      10,500 SF

      Des Moines Industrial Flex Space

      10,500 SF Flex Warehouse, 4.65 Acres
      4485 22Nd St, Des Moines, IA 50313
      View Details
    • $9 SF/Yr
      9,369 SF

      Des Moines Flex Warehouse Space

      9,369 SF flex space with warehouse and office.
      1570 NE 46Th Ave, Des Moines, IA 50313
      View Details
    • $6 SF/Yr
      56,687 SF

      Spacious Warehouse Near I-235

      70,660 SF Des Moines warehouse space for lease.
      1800 Hull Ave, Des Moines, IA 50313
      View Details
    • $12 SF/Yr
      8,500 SF

      1566 Euclid Ave

      Flex space • 8,500 SF
      1566 Euclid Ave, Des Moines, IA 50313
      View Details
    • $1,450,000
      12,747 SF

      Des Moines Flex/Office Space

      Available flex and office space in Des Moines.
      101 Sheridan Ave, Des Moines, IA 50313
      View Details
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    1800 Hull Ave
    Des Moines, IA 50313
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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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