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Property profile & analytics
FOR LEASE
Investment properties
1801 Industrial Cir West Des Moines, IA 50265
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US25-0235390
For Lease
1 / 4
$3,280,000
1801 Industrial Cir, West Des Moines, IA 50265
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Property summary
AI-generated overview
This exceptional West Des Moines property, located at 1801 Industrial Circle, offers a unique blend of office and industrial space, ideal for a variety of businesses. The property encompasses a two-story, 21,668-square-foot building situated on a 4.08-acre lot in Polk County, Iowa (zip code 50265). The building features two suites, with a minimum divisible space of 5,000 square feet and the option to lease the entire 21,668 square feet contiguously. The first floor provides 11,446 square feet, including 2,576 square feet of dedicated industrial/storage space. The second floor offers 10,222 square feet of office space. The building boasts a steel frame construction, 25-foot floor-to-ceiling height, and four drive-in doors for convenient loading and unloading. Ample parking is available with a 38,000-square-foot paved lot. The property is zoned GI - General Industrial and presents a development opportunity with the potential to add up to 12,250 square feet of additional space. This versatile property is perfect for businesses seeking a combination of office and warehouse space in a prime West Des Moines location.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1990
Construction
STEEL FRAME
Total area
21,668 SF
Lot
4.08 ac (177,855 SF)
Zoning code
GI
APN
320/04927-026-002
UPID
US25-0235390
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Ultimate Hail & Dent Auto Repair Shop
-
Fixxt Creative Strategies Marketing & Advertising Advertising Agency
-
Ultimate Hail & Dent Co Auto Repair Shop Vehicle Inspection Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.74M
CAP Approach
CAP
$3.30M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.28M
Owner & transaction history
Hurd Industrial Circle LLC · 4 yrs held
Hurd Industrial Circle LLC
since 2022
Last sale
$3.3M
3 recorded transactions
Zoning & alternative use
GI · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+56.1%
Auto repair, garage
$3.4M
+40.8%
Apartment house (5+ units)
$3.3M
+37.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,215,000
ML approach
$2,740,000
CAP Approach
CAP Return
Estimation
6%
$3,575,000
6.5%
$3,300,000
7%
$3,065,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,390,000
Current use
RESTAURANT
$3,730,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,365,000
Change: +41% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,280,000
Change: +37% · Conversion: Moderate
MEDICAL BUILDING
$3,270,000
Change: +37% · Conversion: Easy
RETAIL STORES
$2,530,000
Change: +6% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,135,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$3.28M
Range $2.95M – $3.61M · ±10% · vs last sale $3.30M (Jun 13 2022)
Last sale anchor
$3.30M
Jun 13 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$151 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$57,608
Tax year 2020
Assessed value
$3,010,000
Assessed 2023
Previous assessed
$3,010,000
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$642,000
Assessed improvement
$2,368,000
Land market value
$642,000
Improvement market value
$2,368,000
Total market value
$3,010,000
Applied tax rate
20.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
2
Total area
21,668 SF
Lot
4.08 ac (177,855 SF)
Zoning code
GI
APN
320/04927-026-002
UPID
US25-0235390
Jurisdiction
POLK
Zoning & alternative use
GI · West Des Moines, IA
Zoning GI · permitted uses
GI · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
West Des Moines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RESTAURANT
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.3M
RETAIL STORES
Est. value
$2.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Lot
4.08 ac
Current owner
From public records · entity-resolved
Hurd Industrial Circle LLC
Entity
Mailing address
2000 FULLER RD, WEST DES MOINES, IA 50265-5601
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2022
—
Hurd Industrial Circle LLC
—
Deed
related
$2,640,000 · State Savings Bank
Jun 13, 2022
$3,300,000
Hurd Industrial Circle LLC
Barker Lemar Property Management In
Warranty Deed
—
—
—
Barker Lemar & Associates INC
—
Deed Of Trust
related
$1,750,000 · American Trust & Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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