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Property profile & analytics
OFF-MARKET Estimated value $790,000
Warehouses

2014 Ovid Ave Des Moines, IA 50313

4,752 SF 0.51 ac lot Built 2016
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0247063
Property summary
AI-generated overview

This exceptional Des Moines investment opportunity encompasses three industrial flex buildings situated at 2014-2016 E Ovid Ave, Polk County, Iowa, 50313. The property is offered at an asking price of $975,000 and presents a diverse range of space options. Building 1 offers 2,160 square feet of space, including 120 square feet of finished area, complemented by two drive-in doors and one loading dock with a dock-high door. Building 2 provides a substantial 4,752 square feet, featuring six drive-in doors. Finally, Building 3 offers 2,800 square feet with four drive-in doors. In total, the property boasts twelve dock-high doors, providing excellent loading and unloading capabilities. The flexible space within each building allows for a variety of uses, making this an ideal investment for businesses seeking adaptable warehouse or light industrial space. The strategic location in Des Moines offers convenient access to major transportation routes and a thriving business community. This multi-building property presents a rare opportunity to acquire a significant industrial portfolio in a prime Des Moines location. The combination of size, features, and location makes this a compelling investment prospect.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2016
Construction STEEL FRAME
Total area 4,752 SF
Lot 0.51 ac (22,300 SF)
Zoning code FW
APN 060/07595-012-006
UPID US25-0247063
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
$671k
Blend (final) Blend
$790k
Owner & transaction history
Mantodea LLC · 1 yrs held
Mantodea LLC
since 2025
Last sale
$850,000
3 recorded transactions
2025
$850,000
2022
Price N/A
2021
$700,000
Zoning & alternative use
FW · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $820,000 +59.0%
Medical building $790,000 +53.6%
Retail stores $550,000 +7.2%
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