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    2000 Walker St Des Moines, IA 50317-5201
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    2000 Walker St Des Moines, IA 50317-5201

    View on Map
    • Investment properties
    • 12,880 SF
    • 1.21 lot acres
    Off-Market
    Property ID
    US25-0177502
    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
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • South Central Iowa Federation of Labor, AFL-CIO / Advocacy Group
    • Iowa Federation of Labor / Advocacy Group
    • International Union-Elevator / Advocacy Group
    • Stagehands Local 67 / Hotel & Motel / Resort
    • Insulators Local 74 / Association / Organization

    Property Details for 2000 Walker St

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    1.21 lot acres
    Property size
    12,880 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    040/03665-001-000
    APU
    4003665001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $792,000
      Market price range: $793k - $2.09M
      AI Estimate
      $1,618,000
      Market price range: $866k - $10.0M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,325,000
      Current use
      RESTAURANT
      $1,990,000
      Change: +50% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,895,000
      Change: +43% Conversion: Moderate
      RETAIL STORES
      $1,495,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,185,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5816
    Latitude
    41.6
    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
    $11,382
    $84,300
    $351,700
    $436,000
    -
    $84,300
    $351,700
    $436,000

    Comparable in this City

    • Value Estimation
      $1,075,000
      11,040 SF

      4552 50th St

      OFFICE/RESIDENTIAL (MIXED USE) • 11,040 SF
      4552 50th St, Des Moines, IA 50317-4875
      View Details
    • Value Estimation
      $2,205,000
      13,520 SF

      4338 Hubbell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 13,520 SF
      4338 Hubbell Ave, Des Moines, IA 50317-4652
      View Details
    • Value Estimation
      $2,085,000
      14,600 SF

      2103 Morton Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 14,600 SF
      2103 Morton Ave, Des Moines, IA 50317
      View Details
    • Value Estimation by Request
      5,830 SF

      2601 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,830 SF
      2601 University Ave, Des Moines, IA 50317-5323
      View Details
    • Value Estimation by Request
      2,000 SF

      4215 Hubbell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,000 SF
      4215 Hubbell Ave, Des Moines, IA 50317-4507
      View Details
    • Value Estimation by Request
      3,468 SF

      3400 Euclid Ave Ste C

      OFFICE/RESIDENTIAL (MIXED USE) • 3,468 SF
      3400 Euclid Ave Ste C, Des Moines, IA 50317-3582
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.18 Acres

      Flat Lot for New Home

      Flat lot suitable for building a new home.
      Scott Ave, Des Moines, IA 50317
      View Details
    • Contact for pricing
      0.18 Acres

      Flat Lot for New Home

      Residential land for sale, suitable for building a new home.
      Scott Ave, Des Moines, IA 50317
      View Details
    • $37,000
      0.40 Acres

      Vacant Land in Des Moines, IA

      Vacant land with mature trees, convenient access to I-235.
      3016 Raccoon St, Des Moines, IA 50317
      View Details
    • New
      $81,000
      Pending

      Residential Land in Des Moines

      Land with tax abatement in Woodbury Development, Des Moines, IA.
      5678 Walnut Ridge Dr, Des Moines, IA 50317
      View Details
    • New
      $81,000
      Pending

      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
      5634 Walnut Ridge Dr, Des Moines, IA 50317
      View Details
    • New
      $94,000
      Pending

      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
      5663 Walnut Ridge Dr, Des Moines, IA 50317
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space Available for Lease

      Commercial space available for lease in Des Moines, Iowa.
      2574 Hubbell Ave, Des Moines, IA 50317
      View Details
    • Contact for pricing

      Modern Industrial Warehouse Sublease Available

      Modern industrial warehouse space available for sublease off Interstate 80.
      4950 NE 29Th St, Des Moines, IA 50317
      View Details
    • Contact for pricing

      Retail Space on University Avenue

      Retail space with high traffic and easy access.
      2355 E University Ave, Des Moines, IA 50317
      View Details
    • Contact for pricing

      Retail Space on High-Traffic Corridor

      Retail space with high visibility and street frontage available for lease.
      2450-2480 E Euclid Ave, Des Moines, IA 50317
      View Details
    • Contact for pricing

      Des Moines Office/Warehouse Opportunity

      29,342 SF building on 2.275 acres for sale/lease.
      2701 Delaware Ave, Des Moines, IA 50317
      View Details
    • $7 SF/Yr
      58,080 SF

      Premier Industrial Logistics Center

      Prime location with immediate access to major transportation routes.
      990 East Broadway Ave, Des Moines, IA 50317
      View Details
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    2000 Walker St
    Des Moines, IA 50317-5201
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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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