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    2097 60th Ave Des Moines, IA 50313-1608
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    Property profile & analytics

    2097 60th Ave Des Moines, IA 50313-1608

    View on Map
    • Investment properties
    • 16,112 SF
    • 3.20 lot acres
    Off-Market
    Property ID
    US25-0448884
    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
    $2,580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jensen Builders Ltd / Construction Company

    Property Details for 2097 60th Ave

    Year built
    2013
    Construction
    STEEL FRAME
    Lot size
    3.20 lot acres
    Property size
    16,112 SF
    Zone code
    HI
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    270/00705-503-001
    APU
    27000705503001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,750,000
      6.5%
      $2,540,000
      7%
      $2,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,160,000
      Market price range: $726k - $2.80M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,670,000
      Current use
      AUTO REPAIR, GARAGE
      $2,775,000
      Change: +66% Conversion: Difficult
      MEDICAL BUILDING
      $2,680,000
      Change: +60% Conversion: Easy
      RESTAURANT
      $2,485,000
      Change: +49% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $2,370,000
      Change: +42% Conversion: Moderate
      RETAIL STORES
      $1,870,000
      Change: +12% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,745,000
      Change: +4% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5838
    Latitude
    41.6694
    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
    $37,384
    $341,000
    $1,979,000
    $2,320,000
    -
    $341,000
    $1,979,000
    $2,320,000

    Comparable in this City

    • Value Estimation
      $6,660,000
      63,739 SF

      1800 Broadway Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 63,739 SF
      1800 Broadway Ave, Des Moines, IA 50313-2644
      View Details
    • Value Estimation
      $4,525,000
      39,264 SF

      4140 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 39,264 SF
      4140 14th St, Des Moines, IA 50313-3804
      View Details
    • Value Estimation
      $1,045,000
      7,512 SF

      3129 Pr Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 7,512 SF
      3129 Pr Ln, Des Moines, IA 50313-7604
      View Details
    • Value Estimation
      $3,445,000
      20,200 SF

      6361 14th St

      OFFICE/RESIDENTIAL (MIXED USE) • 20,200 SF
      6361 14th St, Des Moines, IA 50313-1212
      View Details
    • Value Estimation
      $630,000
      5,000 SF

      5694 17th St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,000 SF
      5694 17th St, Des Moines, IA 50313-1616
      View Details
    • Value Estimation
      $835,000
      8,220 SF

      3423 Delaware Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 8,220 SF
      3423 Delaware Ave, Des Moines, IA 50313-4709
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale

      Land available for sale.
      5787 NE 22Nd St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Des Moines Metro Development Site

      Land with highway access in Des Moines metro area.
      E Pine Ave, Des Moines, IA 50313
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      65,212 SF

      Des Moines Warehouse and Distribution

      422,212 SF warehouse/distribution property in Des Moines, Iowa.
      3811 Dixon St, Des Moines, IA 50313
      View Details
    • $289,900
      3,306 SF

      Highland Park 7-Unit Multifamily Property

      Turnkey investment property in Des Moines' Highland Park neighborhood.
      3419 1St St, Des Moines, IA 50313
      View Details
    • $59,000

      Des Moines Residential Land Opportunity

      0.29-acre wooded lot for residential construction in Des Moines.
      3146 8Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Development Land Available

      Land available for retail, office, and industrial uses.
      14th St & Euclid Ave, Des Moines, IA 50313
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Available

      Medical office building with on-site parking in high-traffic area.
      1530 E Euclid Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Former Tire Service Center Available

      Lease opportunity: former tire service center with service bays.
      1566 E Euclid Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      194,000 SF

      Des Moines Industrial Logistics Center

      Premier industrial and logistics center at the crossroads of the US.
      4600 NE 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Functional Warehouse Space in Des Moines

      3042 SF warehouse with drive-in doors, near downtown.
      1401-1500 NE 44Th Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      5 SF

      Des Moines Industrial Land for Lease

      Fenced/gated gravel lot ideal for trailer parking and material storage.
      2069 Northeast 51St Pl, Des Moines, IA 50313
      View Details
    • Contact for pricing
      4,200 SF

      Industrial Space with Outdoor Storage

      4,200 SF industrial space with fenced outdoor storage.
      1615 E Madison Ave, Des Moines, IA 50313
      View Details
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    2097 60th Ave
    Des Moines, IA 50313-1608
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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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