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    2122 Fleur Dr Des Moines, IA 50321-1103
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    2122 Fleur Dr Des Moines, IA 50321-1103

    View on Map
    • Investment properties
    • 21,808 SF
    • 1.07 lot acres
    Off-Market
    Property ID
    US25-0268807
    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
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Allied Construction .. / Construction Company / General Contractor
    • Color Inc / Painting Service / General Contractor

    Property Details for 2122 Fleur Dr

    Year built
    1993
    Construction
    STEEL FRAME
    Lot size
    1.07 lot acres
    Property size
    21,808 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    010/05286-001-000
    APU
    1005286001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,342,000
      Market price range: $1.34M - $3.54M
      AI Estimate
      $1,357,000
      Market price range: $801k - $4.77M

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6459
    Latitude
    41.5672
    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
    $28,274
    $198,000
    $1,012,000
    $1,210,000
    -
    $198,000
    $1,012,000
    $1,210,000

    Comparable in this City

    • Value Estimation
      $6,610,000
      78,064 SF

      4001 63rd St

      OFFICE/RESIDENTIAL (MIXED USE) • 78,064 SF
      4001 63rd St, Des Moines, IA 50321-1607
      View Details
    • Value Estimation by Request
      3,240 SF

      4560 Fleur Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3,240 SF
      4560 Fleur Dr, Des Moines, IA 50321-2332
      View Details
    • Value Estimation
      $16,565,000
      138,978 SF

      6200 Park Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 138,978 SF
      6200 Park Ave, Des Moines, IA 50321-1270
      View Details
    • Value Estimation
      $990,000
      8,730 SF

      Des Moines, IA 50321

      OFFICE/RESIDENTIAL (MIXED USE) • 8,730 SF
      Des Moines, IA 50321
      View Details
    • Value Estimation
      $550,000
      11,400 SF

      5609 Fleur Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 11,400 SF
      5609 Fleur Dr, Des Moines, IA 50321-2841
      View Details
    • Value Estimation
      $510,000
      8,900 SF

      4547 Fleur Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 8,900 SF
      4547 Fleur Dr, Des Moines, IA 50321
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Warehouse with Three Docks

      5,400 SF industrial warehouse with convenient access to transportation routes.
      2611 Sunset Rd, Des Moines, IA 50321
      View Details
    • Contact for pricing
      53.80 Acres

      Des Moines Industrial Land

      Prime 53.8-acre site near DSM Airport
      0 Airport Commerce Park, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Airport Business Park

      Land lots available near Des Moines airport on Highway 5.
      7601 SW 33Rd St, Des Moines, IA 50321
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    • $11,250,000
      143,832 SF

      Fleur Drive Industrial Property

      Industrial property for sale on Fleur Drive near Gray's Lake.
      2301 Fleur Dr, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Airport Business Park

      Land for office, warehouse, flex space, and light manufacturing.
      3701 Gannett Ave, Des Moines, IA 50321
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Building on Fleur Drive

      Freestanding retail building for lease, near Fareway Grocery.
      4024 Fleur Dr, Des Moines, IA 50321
      View Details
    • $10 SF/Yr
      4,847 SF

      Former Fitness Center on Fleur

      Former fitness center available for lease in Wakonda Shopping Center.
      4301 Fleur Dr, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Industrial Flex Space

      Industrial flex space available for rent in Des Moines, Iowa.
      5034 Park Ave, Des Moines, IA 50321
      View Details
    • $15 SF/Yr
      2,275 SF

      Fleur Drive Retail/Medical Space

      Well-maintained retail or medical space in a high-traffic area.
      4214 Fleur Dr, Des Moines, IA 50321
      View Details
    • Contact for pricing
      60,000 SF

      Prime Location on Park Avenue

      60,000 SF specialty property with optimal access and proximity.
      5701 Park Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing
      4,500 SF

      Fleur Drive Retail Building

      Free-standing retail building on Fleur Drive available for lease.
      4024 Fleur Dr, Des Moines, IA 50321
      View Details
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    Des Moines, IA 50321-1103
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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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