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Property profile & analytics
OFF-MARKET
Estimated value
$860,000
Data centers and call centers
4039 Delaware Ave Des Moines, IA 50313
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0424295
Property profile
Verified
Property type
Data centers and call centers
Use group
RADIO OR TV STATION
Year built
1992
Construction
FRAME
Total area
920 SF
Lot
1.71 ac (74,400 SF)
Zoning code
M-1
APN
060/08948-001-000
UPID
US25-0424295
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$860k
Owner & transaction history
Blue Sky Towers IV LLC · 1 yrs held
Blue Sky Towers IV LLC
since 2024
2 recorded transactions
Zoning & alternative use
M-1 · Des Moines, IA
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$935 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$33,994
Tax year 2020
Assessed value
$906,300
Assessed 2023
Previous assessed
$906,300
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$135,200
Assessed improvement
$771,100
Land market value
$135,200
Improvement market value
$771,100
Total market value
$906,300
Applied tax rate
1.0000
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
Data centers and call centers
Use group
RADIO OR TV STATION
Status
Off-Market
Year built
1992
Construction
FRAME
Heating
PACKAGE
Cooling
YES
Buildings
1
Stories
1
Rooms
8
Bathrooms
2
Total area
920 SF
Lot
1.71 ac (74,400 SF)
Zoning code
M-1
APN
060/08948-001-000
UPID
US25-0424295
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IAZoning M-1 · permitted uses
M-1 · Des Moines, IA
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
1992
Construction
FRAME
Heating
PACKAGE
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
2
Lot
1.71 ac
Current owner
From public records · entity-resolved
Blue Sky Towers IV LLC
Entity
Free & Clear · 1 yrs held
Mailing address
1015 KEOSAUQUA WAY, DES MOINES, IA 50309-1520
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 19, 2024
$925,000
Blue Sky Towers IV LLC
William R Clark JR
Warranty Deed
—
Oct 28, 2024
—
William R Clark JR
The Estate Of William R Clark
Deed
related
—
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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