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Property profile

2701 Mckinley Ave Des Moines, IA 50321

OFF-MARKET
Truck terminals
Property ID
US25-0495650
View Sample
14,160 SF 3.74 ac lot Built 1976
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Truck terminals
Use group TRUCK TERMINAL (MOTOR FREIGHT)
Year built 1976
Construction STEEL FRAME
Total area 14,160 SF
Lot 3.74 ac (162,827 SF)
Zoning code M-3
APN 120/07084-002-000
UPID US25-0495650

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.51M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.62M

Owner & transaction history

since 2021
Last sale
$2.2M
4 recorded transactions
2021
$2.2M
2021
$2.2M
2015
$475,000
1969
Price N/A

Zoning & alternative use

M-3 · Des Moines, IA
Top alternative use upside
Industrial (general) $2.7M +470.3%
Commercial (general) $1.8M +273.5%
Restaurant $1.6M +241.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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