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Financial
Distress signals
Property profile

3296 NW Prairie Ln Des Moines, IA 50313

FOR LEASE
Warehouses
Property ID
US25-0293463
10,985 SF 1.51 ac lot Built 2017
Last sale Dec 2021 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional 10,985-square-foot standalone commercial/flex property is available for lease in Des Moines' desirable submarket, strategically located between Johnston and Ankeny on busy NW 66th Avenue. Boasting excellent visibility, this 2017-built structure sits on a 1.5-acre lot (65,730 square feet) and is zoned for light industrial use, offering versatility for a wide range of businesses. The building features a thoughtfully designed layout, including a 3,000-square-foot space on the…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$35k
Tax billed · 2023
Assessed value · 2024$1.39M
Assessed land$130k
Assessed improvement$1.26M
Effective rate2.52%

Value estimate

· Oct 2026
$1.47M
$1.32M – $1.61M
AI approach$1.43M
CAP approach$1.44M
Submarket $/SF estimate$1.64M
NOI build-up
Gross scheduled income$56k
Vacancy & credit loss−$4k
Operating expenses−$15k
NOI · 448,987.50% cap applied$36k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$108/SF
ZIP average, outlier-cleaned · 56 recorded sales of this use type
Observed band · Q1–Q3$69 – $150
Qualifying comparables7

Cap rate analysis

How does the asset earn?
448,987.50%
$36k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
LI
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop9.8
Furniture Store8.7
Garden Center8.7

Location

3296 NW Prairie Ln Des Moines, IA 50313
County assessor Recorded deeds · 5 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1537 Euclid, Des Moines, IA 50313-4767 $1,025,000 Feb 2026 12,680 SF
1445 67th, Des Moines, IA 50313 $1,600,000 Mar 2024 10,080 SF
5299 22nd, Des Moines, IA 50313-2523 $4,700,000 Dec 2023 13,800 SF
1817 Euclid, Des Moines, IA 50313-3015 $1,800,000 Sep 2023 10,625 SF
1621 51st, Des Moines, IA 50313-2124 $475,000 Mar 2023 13,536 SF
5499 14th, Des Moines, IA 50313-1602 $2,900,000 Aug 2022 10,500 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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