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Property profile

2155 51st Pl Des Moines, IA 50313

OFF-MARKET
Other investment properties
Property ID
US25-1117577
View Sample
5,110 SF 1.69 ac lot Built 2015
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity

Property summary

AI-generated overview

The property is a first-generation end-cap office space totaling 1,125 square feet. The unit is positioned as an exterior end cap, which can provide enhanced street-facing presence compared with interior suites, and it is located with convenient access to the interstate. The space is configured to allow potential tenant improvements and customization.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2015
Construction FRAME
Total area 5,110 SF
Lot 1.69 ac (73,442 SF)
APN 270/01747-019-211
UPID US25-1117577

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Building Supply General Contractor
  • Law Firm
  • Law Firm
  • Law Firm Security Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$805k
Comparable Approach Comparable
$658k
Blend (final) Blend
$835k

Owner & transaction history

since 2012
1 recorded transaction
2012
$274,500

Zoning & alternative use

Top alternative use upside
Auto repair, garage $880,000 +66.0%
Medical building $850,000 +60.5%
Restaurant $790,000 +48.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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