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    1901 Bell Ave Des Moines, IA 50315
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    1901 Bell Ave Des Moines, IA 50315

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    • Industrial properties
    • 565,500 SF
    • 47.73 lot acres
    For Lease
    $19,495,000
    View Listing →
    Des Moines Mixed-Use Property For Lease
    $19,495,000

    Des Moines Mixed-Use Property

    Centrally located mixed-use property with quick interstate access.

    1901 Bell Ave, Des Moines, IA 50315
    View Listing
    Property ID
    US25-1144369
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Concentric International / Factory / Industrial Manufacturer
    • Smart Industries / Industrial Manufacturer / Production Facility
    • Leaps and Bounds Children's Academy / Daycare Center
    • Innovative Lighting / Industrial Manufacturer
    • Borgen Systems / Production Facility / Industrial Manufacturer

    Property Details for 1901 Bell Ave

    Year built
    1951
    Construction
    STEEL FRAME
    Lot size
    47.73 lot acres
    Property size
    565,500 SF
    Zone code
    M-1
    Property type
    Industrial properties
    APN
    010/04638-003-001
    APU
    1004638003001

    Description

    1901 Bell Avenue in Des Moines, Iowa, offers a unique opportunity for businesses seeking flexible and versatile commercial space. This multi-tenant property boasts a total of 155,650 square feet, with a significant 133,350 square feet currently vacant and ready for immediate occupancy. The building is zoned Dx2 and situated in Polk County, offering convenient access to Interstate highways and a variety of amenities. The property is ideally suited for a range of businesses due to its diverse subtypes: executive office, flex space, and warehouse capabilities. Units are available in sizes ranging from a minimum of 7,000 square feet to a maximum contiguous space of 80,000 square feet, providing scalability to accommodate businesses of various sizes and needs. The building features 3-phase power, a crucial asset for many industrial and office operations. Its central location in the Des Moines metro area, south of downtown, ensures excellent accessibility and visibility. This property presents a compelling investment opportunity for businesses seeking a strategic location with ample space and adaptable layouts. The substantial vacant space allows for customization and build-out to meet specific tenant requirements. Contact us today to learn more about this exceptional property and explore the possibilities it offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $22,806,000
      Market price range: $22.8M - $75.0M
      AI Estimate
      $18,800,000
      Market price range: $11.6M - $198M

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6389
    Latitude
    41.5651
    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
    $493,892
    $1,900,000
    $12,300,000
    $14,200,000
    -
    $1,900,000
    $12,300,000
    $14,200,000

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      1210 Army Post Rd

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      7.19 Acres

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      728 Border St, Des Moines, IA 50315
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    • Value Estimation
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      1300 Army Post Rd

      INDUSTRIAL (GENERAL) • 11,220 SF
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      View Details

    Similar Nearby for Sale

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      182,000 SF

      Des Moines Industrial Land Available

      Flexible industrial land with customizable options in Des Moines, Iowa.
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      117,000 SF

      Des Moines Industrial Park Land

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      3,600 SF flex building with recent upgrades for sale.
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      Des Moines Multifamily Investment Opportunity

      Multifamily property in Des Moines, Iowa. Due diligence available.
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      Des Moines Land For Sale

      Nearly 100 acres of land near Des Moines Airport.
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      Des Moines Auto Shop For Sale

      Former auto body shop in high-traffic Des Moines location.
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    Similar Nearby for Lease

    • Contact for pricing

      Des Moines Mixed-Use Property

      Centrally located mixed-use property with quick interstate access.
      1901 Bell Ave, Des Moines, IA 50315
      View Details
    • Contact for pricing
      9,000 SF

      Des Moines Commercial Building For Rent

      2,900 SF commercial space with drive-in door on Army Post.
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    • $4 SF/Yr
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      Des Moines Industrial Building

      Strategically located industrial building with airport and interstate access.
      1285 Thomas Beck Rd, Des Moines, IA 50315
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      310,000 SF

      Proposed Industrial Facility with Abatement

      Proposed industrial facility offering 310,000 SF with tax abatement.
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      6,000 SF

      Industrial Space Available For Lease

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    • Contact for pricing
      6,600 SF

      Divisible Warehouse Space Available

      Up to 145,000 RSF available with shared access.
      1901 Bell Ave, Des Moines, IA 50315
      View Details
    View Listing
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    Des Moines, IA 50315
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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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