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Property profile

3550 Gannett Ave Des Moines, IA 50321

Commercial land
Property ID
US25-0163386
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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 includes multiple lots with a range of approximately 3 to 7 acres, with the capability to combine adjacent lots. The park is zoned Planned Business Park and governs development quality within the district. Permitted uses include office, warehouse, flex space, research and development, light manufacturing, and support commercial uses. Access to the sites is provided via Army Post Road and Highway 5, and the park is situated in a warehouse and industrial corridor with nearby commercial and industrial employers. The park is eligible for tax abatement for qualifying construction, and it is included in the Airport Development Urban Renewal Plan.

Property profile

Verified
Property type Commercial land
UPID US25-0163386

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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Comparable Approach Comparable
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Blend (final) Blend
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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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