Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2601 14th St Des Moines, IA 50316-1752

    • Medical offices
    • 2,379 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0266979
    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.

    Current Use by Public Records

    • Ballpark Heights Family Dental / Dentist
    • Scott McPherson, DDS / Dentist
    • Colin Earl Odland / Dentist
    • Scott Charles Mcpherson / Dentist
    • Russell Potts / Dentist

    Property Details for 2601 14th St

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.18 lot acres
    Property size
    2,379 SF
    Zone code
    R1-60
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    110/06669-000-000
    APU
    11006669000000

    Description

    This single-story, 1,389-square-foot medical office building is situated on a 0.177-acre lot at 2601 E 14th St, Des Moines, IA 50316. Built in 1952 and renovated in 1990, the property boasts excellent visibility and exposure, located on the corner of E 14th St and E Sheridan Ave, just one block from Grand View University. Its convenient location offers easy access to major transportation arteries, being only two miles south of I-80/35 and 1.5 miles north of I-235. The building features three offices, a reception area, a breakroom, and a unisex restroom. Additionally, there is a 990-square-foot unfinished basement offering potential for expansion or storage. The property is zoned R1-60 and is offered at $195,000, with a price per square foot of $140.39. This presents a unique opportunity for medical professionals or investors seeking a well-located, established property in a thriving Des Moines neighborhood. The building's history as a former dentist's office provides a ready-made layout for similar medical practices. The high visibility and proximity to Grand View University make it an ideal location for attracting patients and clients.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $395,000
      Current use
      AUTO REPAIR, GARAGE
      $410,000
      Change: +3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6002
    Latitude
    41.6188
    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
    $2,506
    $23,300
    $95,700
    $119,000
    -
    $23,300
    $95,700
    $119,000

    Comparable in this City

    • Value Estimation
      $240,000
      1,232 SF

      2921 9th St

      MEDICAL BUILDING • 1,232 SF
      2921 9th St, Des Moines, IA 50316-1504
      View Details
    • Value Estimation
      $1,200,000
      87,000 SF

      1309 Pennsylvania Ave

      MEDICAL BUILDING • 87,000 SF
      1309 Pennsylvania Ave, Des Moines, IA 50316
      View Details
    • Value Estimation
      $365,000
      10,796 SF

      1250 9th St

      MEDICAL BUILDING • 10,796 SF
      1250 9th St, Des Moines, IA 50316-2316
      View Details
    • Value Estimation
      $4,330,000
      6,626 SF

      1201 Pennsylvania Ave

      MEDICAL BUILDING • 6,626 SF
      1201 Pennsylvania Ave, Des Moines, IA 50316-2339
      View Details
    • Value Estimation
      $365,000
      10,558 SF

      2301 14th St

      MEDICAL BUILDING • 10,558 SF
      2301 14th St, Des Moines, IA 50316-1901
      View Details
    • Value Estimation
      $640,000
      22,252 SF

      840 University Ave

      MEDICAL BUILDING • 22,252 SF
      840 University Ave, Des Moines, IA 50316-2304
      View Details

    Similar Nearby for Sale

    • $485,000
      6,000 SF

      Two Buildings on SW 9th

      Two buildings with shared parking on SW 9th corridor.
      4309-4311 SW 9Th St, Des Moines, IA 50316
      View Details
    • $170,000
      3,780 SF

      Two Buildings on SW 9th

      Two buildings with shared parking on SW 9th Street.
      4309 SW 9Th St, Des Moines, IA 50316
      View Details
    • $315,000
      2,220 SF

      Office Buildings on SW 9th

      Two office buildings with shared parking on SW 9th.
      4311 SW 9Th St, Des Moines, IA 50316
      View Details
    • $1,595,000
      4,925 SF

      Des Moines Retail Space - $1.6M

      Prime Des Moines retail space, vacant, 4,925 sq ft.
      3600 14Th St, Des Moines, IA 50316
      View Details
    • $741,000
      3,168 SF

      Retail Investment Opportunity in Des Moines

      Retail property with established tenants in a prime location.
      521 E 14Th St, Des Moines, IA 50316
      View Details
    • $95,000

      Des Moines Development Opportunity

      Land available south of Des Moines near Lincoln High School.
      2821 SW 9Th St, Des Moines, IA 50316
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      6,228 SF

      Des Moines Office Space Available

      6,228 SF office space for sublease in Des Moines.
      220 SW 9Th St, Des Moines, IA 50316
      View Details
    • $6 SF/Yr
      77,270 SF

      Des Moines Flex Space Available

      77,270 SF Flex Space, 8,160 SF Vacant
      1710 Guthrie Ave, Des Moines, IA 50316
      View Details
    • $26 SF/Yr
      4,463 SF

      Downtown Des Moines Restaurant Space

      Restaurant space available in downtown Des Moines with parking.
      220 SE 6Th St, Des Moines, IA 50316
      View Details
    • $6 SF/Yr
      20,550 SF

      Des Moines Warehouse Space Available

      20,550 SF warehouse space for lease in Des Moines.
      1641 E Euclid Ave, Des Moines, IA 50316
      View Details
    • $7 SF/Yr
      12,000 SF

      Sub-Lease Opportunity with Showroom

      Multi-tenant building with offices, showroom, dock doors, and drive-in.
      1771 Guthrie Ave, Des Moines, IA 50316
      View Details
    • $0.80 SF/Yr

      Des Moines Development Land For Rent

      Corner lot development land near State Capital Building available for rent.
      1500-1506 E Grand Ave, Des Moines, IA 50316
      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.
    2601 14th St
    Des Moines, IA 50316-1752
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.