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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Manufacturing properties
3199 Dixon St Des Moines, IA 50313
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0401427
Property summary
AI-generated overview
This single-tenant industrial property, located at 3199 Dixon Street in Des Moines, Iowa, offers 14,880 square feet of manufacturing and warehouse space on a 1.631-acre lot. Built in 1986, the building features four drive-in doors and is equipped with a 600-amp, 480V, 3-phase power supply. The property is zoned I2 - Industrial Zoning, allowing for a variety of uses, including up to half an acre of outdoor storage. Key features include a 30-ton bridge crane and radiant heating. The property's convenient location is west of I-235 and south of E Euclid Ave in Polk County, Iowa, zip code 50313. The entire building is currently vacant, presenting a unique opportunity for immediate occupancy. This standalone building offers significant potential for businesses seeking a well-equipped and strategically located industrial space in the Des Moines submarket. The property's size, features, and zoning make it suitable for a range of industrial operations. The ample power supply and outdoor storage capacity further enhance its appeal to potential buyers or lessees.
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1986
Construction
STEEL FRAME
Total area
14,880 SF
Lot
1.63 ac (71,035 SF)
APN
110/06599-009-005
UPID
US25-0401427
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$475k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$600k
Blend (final)
Blend
$515k
Owner & transaction history
2915 DIXON LLC · 6 yrs held
2915 DIXON LLC
since 2020
Last sale
$525,000
1 recorded transaction
Zoning & alternative use
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
$525,000
ML approach
$475,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $525k (Oct 8 2020)
Last sale anchor
$525k
Oct 8 2020
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
$35 / 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
$21,174
Tax year 2023
Assessed value
$627,000
Assessed 2024
Previous assessed
$627,000
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$111,000
Assessed improvement
$516,000
Land market value
$111,000
Improvement market value
$516,000
Total market value
$627,000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Buildings
2
Stories
1
Total area
14,880 SF
Lot
1.63 ac (71,035 SF)
APN
110/06599-009-005
UPID
US25-0401427
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Stories
1
Buildings
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
2915 DIXON LLC
Entity
Free & Clear · 6 yrs held
Mailing address
8350 HICKMAN RD STE #201, CLIVE, IA 50325-4311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2020
$525,000
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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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