1801 2Nd Ave Des Moines, IA 50314
Property Lookup
Property profile & analytics
1801 2Nd Ave Des Moines, IA 50314
- Warehouses
- 8,700 SF
- 1.19 lot acres
Property ID
US25-0205429
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.
Location Intelligence
Current Use by Public Records
- NuCara Home Medical / Medical Supply Store
Property Details for 1801 2Nd Ave
- Year built
- 1989
- Construction
- STEEL FRAME
- Lot size
- 1.19 lot acres
- Property size
- 8,700 SF
- Zone code
- M-1
- Property type
- Warehouses
- APN
- 080/05804-000-001
- APU
- 8005804000001
Description
This exceptional investment opportunity presents a 15,034-square-foot single-tenant industrial building in Des Moines, Iowa. Located at 1801 2nd Ave, this Class B property sits on a 1.188-acre lot and boasts a 7.82% cap rate, generating a net operating income (NOI) of $132,936. The asking price is $1,700,000, translating to $113.08 per square foot. Built in 1989, the single-story building is zoned I1 - Industrial District and features one loading dock and one dock-high door. The property enjoys 100% occupancy with a long-term tenant, NuCara Home Medical, who has occupied the space for over 25 years. This Net Lease (NNN) investment offers a stable income stream and significant potential for future appreciation. The property benefits from ample off-street parking and high traffic volume of 14,500 vehicles per day (VPD) in 2022. This is a rare opportunity to acquire a well-located, single-tenant industrial property with a strong tenant history and attractive financial metrics. The property's location in Polk County, Iowa, provides easy access to major transportation routes and amenities. This is an ideal investment for those seeking a stable, high-yield asset in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,170,000
- AI Estimate
- $613,000
Market price range: $483k - $1.17MMarket price range: $234k - $614k -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $800,000 Current use
- MEDICAL BUILDING
- $1,450,000 Change: +81% Conversion: Difficult
- RESTAURANT
- $1,345,000 Change: +68% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,280,000 Change: +60% Conversion: Difficult
- RETAIL STORES
- $1,010,000 Change: +26% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $895,000 Change: +12% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $695,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6193
- Latitude
- 41.6104
- 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
$40,774
$164,000
$976,000
$1,140,000
-
$164,000
$976,000
$1,140,000
