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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2140 Park Ave Des Moines, IA 50320-1239

    • Grocery and convenience stores
    • 2,480 SF
    • 0.85 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    7.6%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US25-0207144
    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.

    Current Use by Public Records

    • U.S. Bank ATM / Atm
    • Git N Go / Gas Station

    Property Details for 2140 Park Ave

    Year built
    1995
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property size
    2,480 SF
    Zone code
    C-1
    Property type
    Grocery and convenience stores
    APN
    010/03971-501-000
    APU
    1003971501000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $385,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $490,000
      6.5%
      $450,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $239,000
      Market price range: $157k - $341k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $425,000
      MEDICAL BUILDING
      $415,000
      RETAIL STORES
      $290,000
      COMMERCIAL (GENERAL)
      $255,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5779
    Latitude
    41.5556
    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
    $25,118
    $259,300
    $612,800
    $872,100
    -
    $259,300
    $612,800
    $872,100

    Comparable in this City

    • Value Estimation
      $365,000
      3,485 SF

      2150 Army Post Rd

      CONVENIENCE STORE • 3,485 SF
      2150 Army Post Rd, Des Moines, IA 50320-1822
      View Details
    • Value Estimation
      $335,000
      2,856 SF

      890 County Line Rd

      CONVENIENCE STORE • 2,856 SF
      890 County Line Rd, Des Moines, IA 50320-6717
      View Details
    • Value Estimation
      $350,000
      3,444 SF

      3527 Indianola Ave

      CONVENIENCE STORE • 3,444 SF
      3527 Indianola Ave, Des Moines, IA 50320-1351
      View Details
    • Value Estimation
      $375,000
      3,904 SF

      3941 14th St

      CONVENIENCE STORE • 3,904 SF
      3941 14th St, Des Moines, IA 50320-1444
      View Details
    • Value Estimation
      $4,065,000
      4,995 SF

      5830 14th St

      CONVENIENCE STORE • 4,995 SF
      5830 14th St, Des Moines, IA 50320-1617
      View Details
    • Value Estimation
      $430,000
      2,709 SF

      6501 14th St

      CONVENIENCE STORE • 2,709 SF
      6501 14th St, Des Moines, IA 50320-1802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,716 SF

      Retail Property in Des Moines

      Retail property available for sale in Des Moines, Iowa.
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    • $300,000
      1.92 Acres

      Des Moines Land Opportunity

      1.92 acres of land suitable for development.
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      1.364 acre development site on the NW corner.
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      Des Moines Development Opportunity

      5.66 Acres, Mixed-Use Potential
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      Des Moines Commercial Land - 15 Acres

      Prime Des Moines commercial land, ideal for mixed-use development.
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      Updated Condo Near Ewing Park

      Condo with new carpet, appliances included, near Ewing Park.
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    Similar Nearby for Lease

    • Contact for pricing
      243,000 SF

      Southeast Plaza Retail Space

      Des Moines storefront, high traffic area
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      View Details
    • $25 SF/Yr
      2,877 SF

      Retail Space Near I-35/80

      2,877 SF retail space adjoining QuikTrip, drive-up ready.
      4801 NE 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing
      6,511 SF

      Retail Space at Shops Eastgate

      Retail space with high visibility and accessibility in Des Moines.
      3629 NE 14Th St, Des Moines, IA 50320
      View Details
    • $24 SF/Yr
      1,500 SF

      New Retail Space Available

      New construction retail space in a high-traffic location.
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      View Details
    • Contact for pricing
      12,024 SF

      Des Moines Retail Space - 2,844 SF

      Prime Des Moines retail space, ideal for salon or retail use.
      4930 14Th St, Des Moines, IA 50320
      View Details
    • $9 SF/Yr
      12,450 SF

      Des Moines Warehouse Space Available

      12,450 RSF warehouse space for sublease in Des Moines.
      4774 NE 22Nd St, Des Moines, IA 50320
      View Details
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    2140 Park Ave
    Des Moines, IA 50320-1239
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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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