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Property profile & analytics
OFF-MARKET
Estimated value
$3,755,000
Warehouses
2001 Grand Ave West Des Moines, IA 50265-4202
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0379356
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1981
Construction
FRAME
Total area
9,000 SF
Lot
2.8 ac (122,006 SF)
Zoning code
LI
APN
320/00246-002-002
UPID
US25-0379356
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
-
CubeSmart Self Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.76M
Owner & transaction history
Mhc 80 Des Moines Ia LLC · 6 yrs held
Mhc 80 Des Moines Ia LLC
since 2020
Last sale
$4.1M
5 recorded transactions
Zoning & alternative use
LI · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Light industrial areas shall be designated to provide areas for most light industrial, and warehouse and distribution facilities. It is of special concern to the city that there be an adequate variety of sizes and locations of light industrial parcels. Appropriate buffering as prescribed by the zoning ordinance shall be established between light industrial a…
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
660.73 ac
Source
Realmo
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
$3,360,000
ML approach
$3,515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.76M
Range $3.38M – $4.13M · ±10% · vs last sale $4.08M (Feb 4 2020)
Last sale anchor
$4.08M
Feb 4 2020
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
$417 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$86,104
Tax year 2023
Assessed value
$2,870,000
Assessed 2024
Previous assessed
$2,870,000
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$738,000
Assessed improvement
$2,132,000
Land market value
$738,000
Improvement market value
$2,132,000
Total market value
$2,870,000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1981
Construction
FRAME
Heating
NONE
Buildings
4
Stories
1
Total area
9,000 SF
Lot
2.8 ac (122,006 SF)
Zoning code
LI
APN
320/00246-002-002
UPID
US25-0379356
Jurisdiction
POLK
Zoning & alternative use
LI · West Des Moines, IAZoning LI · permitted uses
LI · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Light industrial areas shall be designated to provide areas for most light industrial, and warehouse and distribution facilities. It is of special concern to the city that there be an adequate variety of sizes and locations of light industrial parcels. Appropriate buffering as prescribed by the zoning ordinance shall be established between light industrial areas and other uses, in particular, residential uses. Every effort should also be made to encourage redevelopment of existing industrial areas. Access to light industrial areas should be off of arterial and or collector streets.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
660.73 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
NONE
Stories
1
Buildings
4
Lot
2.8 ac
Current owner
From public records · entity-resolved
Mhc 80 Des Moines Ia LLC
Entity
Mailing address
5 OLD LANCASTER RD, MALVERN, PA 19355-2132
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
—
Mhc 80 LLC
—
Deed
related
$615,000 · Jpmorgan Chase Bank NA
Aug 12, 2020
—
Mhc 80 Des Moines Ia LLC
—
Deed
related
$323,850 · Jpmorgan Chase Bank NA
Feb 4, 2020
$4,075,000
Mhc 80 Des Moines Ia LLC
M Pts
Grant Deed
$483,831,000 · Chase Bk/tx
Feb 7, 2018
—
M & W Mini Storage
—
Grant Deed
related
$1,400,000 · West Bk
—
—
M Storage
—
Deed Of Trust
related
—
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.
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