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Property profile & analytics
FOR LEASE
Apartment buildings

201 Southeast 6Th St Des Moines, IA 50309

190,019 SF 2.48 ac lot Built 2019
Entity Owned 4-yr Hold
Property ID
US25-0000198
Property summary
AI-generated overview

This exceptional retail or restaurant space is located in the brand-new District @ 6th mixed-use building in Des Moines, Iowa. Situated at 201 SE 6th St, zip code 50309, this single-tenancy property offers a fantastic opportunity for businesses seeking a vibrant and modern location. Built in 2022, the building is part of a thriving development in Polk County. The space is ideal for a variety of commercial uses, catering to both restaurant and retail establishments. Its prime location within the District @ 6th development ensures high visibility and accessibility for customers. The property's modern design and construction provide a blank canvas for businesses to create their ideal space. This is a unique chance to establish a presence in a rapidly growing area of Des Moines, benefiting from the energy and foot traffic of a new mixed-use development. The property is located in Polk County, Iowa, offering easy access to major transportation routes and a diverse customer base. This single-tenant space provides the perfect opportunity for a business to establish a strong foothold in a desirable Des Moines location. The building itself is a single structure, ensuring a cohesive and easily managed space for the tenant.

Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 2019
Construction FRAME
Total area 190,019 SF
Lot 2.48 ac (107,811 SF)
APN 040/01207-000-001
UPID US25-0000198
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
  • District at 6th Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$47.89M
Blend (final) Blend
$44.27M
Owner & transaction history
District Spe LLC · 4 yrs held
District Spe LLC
since 2021
Last sale
$40.8M
1 recorded transaction
2021
$40.8M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $33.5M +19.9%
Auto repair, garage $32.7M +17.0%
Medical building $31.6M +13.0%
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