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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Warehouses
2500 43rd St Des Moines, IA 50327-1538
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0449416
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
STEEL FRAME
Total area
5,041 SF
Lot
10.43 ac (454,482 SF)
Zoning code
M-2
APN
050/04291-003-000
UPID
US25-0449416
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Solar Transport DSM Terminal Auto Repair Shop
-
Growmark Tank & Truck Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Sole Transport Lc · 2 yrs held
Sole Transport Lc
since 2024
Last sale
$1.6M
3 recorded transactions
Zoning & alternative use
M-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,550,000
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.55M (May 23 2024)
Last sale anchor
$1.55M
May 23 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$307 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$32,140
Tax year 2023
Assessed value
$914,000
Assessed 2024
Previous assessed
$914,000
+0.0% YoY
Effective rate
3.52%
On assessed value
Assessed land
$91,800
Assessed improvement
$822,200
Land market value
$91,800
Improvement market value
$822,200
Total market value
$914,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
STEEL FRAME
Heating
YES
Buildings
2
Stories
1
Total area
5,041 SF
Lot
10.43 ac (454,482 SF)
Zoning code
M-2
APN
050/04291-003-000
UPID
US25-0449416
Jurisdiction
POLK
Zoning & alternative use
M-2 · Des Moines, IA
Zoning M-2 · permitted uses
M-2 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
STEEL FRAME
Heating
YES
Stories
1
Buildings
2
Lot
10.43 ac
Current owner
From public records · entity-resolved
Sole Transport Lc
Individual
Mailing address
1459 GRAND AVE DES MOINES
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 23, 2024
$1,550,000
Sole Transport Lc
Krause Properties Lc
Warranty Deed
—
Jul 22, 2022
$1,853,000
Stagecoach 2500 Se 43rd St LLC
Krause Properties Lc
Warranty Deed
$4,507,500 · Bell Bank
Jun 25, 2019
—
Krause Properties Lc
—
Deed
related
$275,000 · Community State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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