Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2226 68th St Windsor Heights, IA 50324-4944
    Back to Search
    Property profile & analytics

    2226 68th St, Windsor Heights, IA 50324-4944

    View on Map
    • Apartment buildings
    • 6,204 SF
    • 1.34 lot acres
    Off-Market
    Property ID
    US25-0419906
    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
    $795,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2226 68th St

    Year built
    1965
    Construction
    FRAME
    Lot size
    1.34 lot acres
    Zone code
    R-4
    Property type
    Apartment buildings
    APN
    292/01647-004-000
    APU
    29201647004000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 23, 2014 — Iowa Plantation Manor LLC Iowa G21 LLC Quit Claim Deed · related —
    Dec 19, 2012 $43,200 Iowa G21 LLC Plantation Properties LLC Warranty Deed $1M · Luana Savings Bank
    — — Plantation Properties LLC — Deed Of Trust · related $1.9M · Commercial Federal Bank
    — — Plantation Properties LLC — Deed Of Trust · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $860,000
      6.5%
      $795,000
      7%
      $740,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $486,000
      Market price range: $137k - $487k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $915,000
      Current use
      AUTO REPAIR, GARAGE
      $1,070,000
      Change: +17% Conversion: Difficult
      MEDICAL BUILDING
      $1,030,000
      Change: +13% Conversion: Moderate
      RESTAURANT
      $960,000
      Change: +5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Windsor Heights
    County
    Polk
    State
    Iowa
    Longitude
    -93.7103
    Latitude
    41.6142
    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
    $42,312
    $215,000
    $1,755,000
    $1,970,000
    -
    $215,000
    $1,755,000
    $1,970,000

    Comparable in this City

    • Value Estimation by Request
      2,846 SF

      1036 66Th St

      Multifamily properties
      1036 66Th St, Windsor Heights, IA 50324
      View Details
    • Value Estimation by Request
      1,164 SF

      900 65th St

      APARTMENT HOUSE (5+ UNITS)
      900 65th St, Windsor Heights, IA 50324-1027
      View Details
    • Value Estimation
      $775,000
      11,520 SF

      1225 66th St

      APARTMENT HOUSE (5+ UNITS)
      1225 66th St, Windsor Heights, IA 50324-1741
      View Details
    • Value Estimation by Request
      2,846 SF

      1033-1035 67Th St

      Multifamily properties
      1033-1035 67Th St, Windsor Heights, IA 50324
      View Details
    • Value Estimation
      $6,120,000
      86,100 SF

      6300 School St

      APARTMENT HOUSE (5+ UNITS)
      6300 School St, Windsor Heights, IA 50324-1866
      View Details
    • Value Estimation
      $2,645,000
      43,320 SF

      6336 Hickman Rd

      APARTMENT HOUSE (5+ UNITS)
      6336 Hickman Rd, Windsor Heights, IA 50324-5079
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Windsor Heights Pad Sites Available

      Three commercial pad sites for sale at a busy intersection.
      6300 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • Contact for pricing

      University Avenue Pad Site

      Pad site available for sale, ground lease, or build-to-suit.
      6580 University Ave, Windsor Heights, IA 50324
      View Details
    • Contact for pricing
      3,000 SF

      Retail Property on University Avenue

      Retail property anchored by Dairy Queen with 68-month WALT.
      6842 University Ave, Windsor Heights, IA 50324
      View Details
    • Contact for pricing
      2,930 SF

      Medical Tenant NNN Opportunity

      Single tenant NNN property with established medical tenant.
      7180 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • Contact for pricing

      Commercial Pad Sites For Sale

      Three commercial pad sites available at a signalized intersection.
      6300 Hickman Rd, Des Moines, IA 50324
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      14,000 SF

      Office Space on Hickman Road

      Office space for rent with excellent location and amenities.
      7900 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • $10 SF/Yr
      23,351 SF

      Windsor Heights Office Suites

      Des Moines West Executive Offices Available
      6611 University Ave, Windsor Heights, IA 50324
      View Details
    • Contact for pricing
      5,200 SF

      Versatile Flex Space Available

      Flex space with office, retail, and warehouse areas.
      1220 73 St, Windsor Heights, IA 50324
      View Details
    • $9 SF/Yr

      Medical Office Space Available

      Former orthodontics office with operatories, lab, and private offices.
      7180 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • Contact for pricing
      8,767 SF

      Office Space on Hickman Road

      Office space for rent with excellent location and amenities.
      7900 Hickman Rd, Windsor Heights, IA 50324
      View Details
    • Contact for pricing
      1,205 SF

      Windsor Heights Retail Space Available

      Retail space in community shopping center with high traffic location.
      7200-7238 University Ave, Windsor Heights, IA 50324
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2226 68th St
    Windsor Heights, IA 50324-4944
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2226 68th St, Windsor Heights, IA, 50324
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!