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Property profile & analytics
OFF-MARKET
Estimated value
$1,470,000
Manufacturing properties
2100 60th Ave Des Moines, IA 50313-1648
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US25-0240053
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
2001
Construction
STEEL FRAME
Total area
15,000 SF
Lot
3.13 ac (136,343 SF)
Zoning code
HI
APN
270/00705-506-000
UPID
US25-0240053
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
-
Barrett Plating, Inc., Industrial Zinc Plating Factory Metal Fabrication Plant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$972k
Blend (final)
Blend
$1.47M
Owner & transaction history
2100 Ne 60th Ave LLC · 6 yrs held
2100 Ne 60th Ave LLC
since 2020
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
HI · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.3M
+112.5%
Apartment house (5+ units)
$2.2M
+102.8%
Retail stores
$1.7M
+59.9%
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 Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$1,475,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,090,000
Current use
RESTAURANT
$2,315,000
Change: +113% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,210,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$1,740,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$1,625,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,555,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$1.47M
Range $1.32M – $1.62M · ±10% · vs last sale $1.48M (Mar 10 2020)
Last sale anchor
$1.48M
Mar 10 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
$98 / 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
$30,790
Tax year 2023
Assessed value
$1,230,000
Assessed 2024
Previous assessed
$1,230,000
+0.0% YoY
Effective rate
2.50%
On assessed value
Assessed land
$271,000
Assessed improvement
$959,000
Land market value
$271,000
Improvement market value
$959,000
Total market value
$1,230,000
Applied tax rate
8.0000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
15,000 SF
Lot
3.13 ac (136,343 SF)
Zoning code
HI
APN
270/00705-506-000
UPID
US25-0240053
Jurisdiction
POLK
Zoning & alternative use
HI · Des Moines, IAZoning HI · permitted uses
HI · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
RESTAURANT
Est. value
$2.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.2M
RETAIL STORES
Est. value
$1.7M
WAREHOUSE, STORAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2001
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
3.13 ac
Current owner
From public records · entity-resolved
2100 Ne 60th Ave LLC
Entity
Mailing address
2100 NE 60TH AVE, DES MOINES, IA 50313-1648
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 9, 2020
—
2100 Ne 60th Ave LLC
—
Deed
related
$837,000 · Miscellaneous Govt Agcy
Mar 10, 2020
$1,480,000
2100 Ne 60th Ave LLC
Norman K Walen
Warranty Deed
$1,017,000 · Charter Bank
Jan 30, 2019
—
Walen,norman Trust
Walen,norman K
Quit Claim Deed
related
—
Sep 26, 2017
—
Norman K Walen
Walen,margaret K
Quit Claim Deed
related
—
Jul 15, 2008
—
Norman K Walen
—
Trustees Deed
related
$400,000 · Charter Bank
—
—
Norman K Walen
—
Deed Of Trust
related
$409,798 · Charter Bank
—
—
2100 Ne 60th Ave LLC
—
Deed Of Trust
related
$837,000 · Miscellaneous Govt Agcy
—
—
Norman K Walen
—
Deed Of Trust
related
$600,000 · Charter Bank
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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