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    2500 Dixon St Des Moines, IA 50316
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    2500 Dixon St Des Moines, IA 50316

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    • Investment properties
    • 131,741 SF
    • 9.74 lot acres
    For Sale
    $10,000,000
    View Listing →
    Des Moines Industrial Space Available For Sale
    $10,000,000
    135,197 SF

    Des Moines Industrial Space Available

    135,197 SF industrial space in Des Moines for sale.

    2500 Dixon St, Des Moines, IA 50316
    View Listing
    Property ID
    US25-0292685
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lomar Distributing Inc / Warehouse & Storage

    Property Details for 2500 Dixon St

    Year built
    2001
    Construction
    STEEL FRAME
    Lot size
    9.74 lot acres
    Property size
    131,741 SF
    Zone code
    M-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    110/01516-015-001
    APU
    11001516015001

    Description

    This expansive 135,197-square-foot distribution/warehouse facility in Des Moines, Iowa, presents a compelling owner-user investment opportunity. Located at 2500 Dixon St, Polk County, this property boasts a strategic location within Des Moines' thriving industrial district, offering seamless access to major transportation arteries. Built in 1975 and renovated in 2001, the building features 23 dock-high doors for efficient loading and unloading. The warehouse offers a versatile layout with ceiling heights of 23' and 30' (30,000 SF at 30' and 90,000 SF at 24'), providing ample vertical space for various operational needs. The property sits on 4.94 acres, presenting potential for future expansion or development. Zoned I1, this vacant building is priced at $10,000,000 ($73.97/SF) and offers ample parking. Its modern design and robust construction ensure long-term durability and operational efficiency, making it an ideal investment for businesses seeking a prime location in Des Moines' dynamic economic environment. The APN is 110/01516-015-001 and the zip code is 50316.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,480,000
      6.5%
      $20,750,000
      7%
      $19,265,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $13,530,000
      Current use
      AUTO REPAIR, GARAGE
      $22,685,000
      Change: +68% Conversion: Difficult
      MEDICAL BUILDING
      $21,925,000
      Change: +62% Conversion: Easy
      RESTAURANT
      $20,335,000
      Change: +50% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $19,400,000
      Change: +43% Conversion: Moderate
      RETAIL STORES
      $15,300,000
      Change: +13% Conversion: Easy
      WAREHOUSE, STORAGE
      $12,110,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5901
    Latitude
    41.6179
    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
    $183,216
    $942,000
    $6,168,000
    $7,110,000
    -
    $942,000
    $6,168,000
    $7,110,000

    Comparable in this City

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      97,404 SF

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      1657 Ct Ave

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      13,200 SF

      2101 De Wolf St

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      1705 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,720 SF
      1705 Grand Ave, Des Moines, IA 50316-3611
      View Details
    • Value Estimation
      $1,865,000
      12,000 SF

      1932 Dean Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 12,000 SF
      1932 Dean Ave, Des Moines, IA 50316-3758
      View Details

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    Similar Nearby for Lease

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      20,550 SF

      Des Moines Warehouse Space Available

      20,550 SF warehouse space for lease in Des Moines.
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    • $12,000 /Mo

      Land for Rent

      Land available for rent in Des Moines, Iowa.
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      View Details
    • Contact for pricing
      7,200 SF

      Industrial Space with Dock Doors

      10,800 SF industrial space featuring dock and drive-in doors.
      1800 Dixon St, Des Moines, IA 50316
      View Details
    • $8 SF/Yr
      3,200 SF

      Des Moines Flex Space Available

      3,356 SF flex space with mezzanine office in Des Moines.
      2100 Dixon St, Des Moines, IA 50316
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      Retail Space with Ample Parking

      Retail space available for rent with tenant improvement allowance.
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      View Details
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    Des Moines, IA 50316
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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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