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Property profile

3450 Gannett Ave Des Moines, IA 50321

Commercial land
Property ID
US25-0688499
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Property summary

AI-generated overview

Airport Business Park is located just south of the Des Moines airport along Highway 5 and consists of multiple development lots of approximately 3 to 7 acres, with the ability to combine certain lots. The park is zoned Planned Business Park, with permitted uses including office, warehouse, flex space, research and development, light manufacturing, and support commercial. Sites are accessible from both Army Post Road and Highway 5, and the property is situated within an industrial/warehouse-oriented corridor. Nearby businesses in the surrounding area include Gannet Publishing, Katecho Industries, and Atlantic Bottling Company (Coca-Cola). The park is incorporated into the Airport Development Urban Renewal Plan and offers tax abatement for qualifying construction within the park.

Property profile

Verified
Property type Commercial land
UPID US25-0688499

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
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CAP Approach CAP
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Owner & transaction history

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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