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Property profile

2401 Hickman Rd Des Moines, IA 50310

FOR SALE
Other warehouses
Property ID
US25-0207091
15,547 SF 1.86 ac lot Built 1960
Last sale Jun 2017 · $367,500
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A 15,547-square-foot flex building constructed in 1960, combining warehouse and garage areas with office space, a training room, breakroom, and bathrooms. The office portion is served by an air-conditioning unit, while the warehouse includes heating but no air conditioning. The property includes security cameras and is located on a corner lot at 2401 Hickman Road in Des Moines, Iowa, with asphalt surfaces and sidewalks. The roof was updated in 2024, with an estimated 20-year life expectancy reported by Reliant Exteriors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax

What does the county charge?
Assessed value · 2024$1.00M
Assessed land$343k
Assessed improvement$657k

Value estimate

· Oct 2026
$825k
$743k – $908k
CAP approach$1.13M
Submarket $/SF estimate$579k
NOI build-up
Gross scheduled income$146k
Vacancy & credit loss−$11k
Operating expenses−$47k
NOI · 6.53% cap applied$87k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$56 – $135
Qualifying comparables3

Cap rate analysis

How does the asset earn?
6.53%
$87k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.1
Law Firm20.8
Hair Salon17.2

Location

2401 Hickman Rd Des Moines, IA 50310
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2425 Euclid, Des Moines, IA 50310-5748 $500,000 Jan 2023 16,116 SF
3811 56th, Des Moines, IA 50310-1833 $325,000 Nov 2022 3,430 SF
2603 Douglas, Des Moines, IA 50310-5744 $460,000 Jun 2022 4,572 SF
5323 Meredith, Des Moines, IA 50310-1451 $1,785,000 Mar 2022 6,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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