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    4120 43Rd Ct Des Moines, IA 50317
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    Property profile & analytics

    4120 43Rd Ct, Des Moines, IA 50317

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    • Commercial real estate
    Off-Market
    Property ID
    US25-2512688
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4120 43Rd Ct

    Property type
    Commercial real estate

    Description

    This exceptional 2.065-acre commercial land parcel in Des Moines, Iowa, presents a compelling investment opportunity. Located on Hubbell Avenue at 4120 NE 43rd Ct, the property boasts approximately 100 feet of frontage on this high-traffic thoroughfare, experiencing over 14,000 vehicles per day. Zoned MX3 Mixed Use District, the land is ideally suited for a variety of developments, including retail, office, multi-family, or owner-user projects. The asking price is $674,475, translating to $7.50 per square foot. This represents a significant opportunity given the strong demographics of the area. Within a 3-mile radius, the population exceeds 38,000, growing to over 94,000 within a 5-mile radius. The property's potential is further enhanced by the availability of Tax Increment Financing (TIF) for approved users. An adjacent 4.11-acre parcel is also available for sale, offering the potential for a combined 500+ feet of Hubbell Avenue frontage. This presents a unique chance to acquire a substantial land holding in a thriving Des Moines location. The property is situated in Polk County, Iowa, with the zip code 50317. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.529379
    Latitude
    41.635388

    Comparable in this City

    • $81,000
      Pending

      Residential Land in Des Moines

      Land with tax abatement in Woodbury Development, Des Moines, IA.
      5678 Walnut Ridge Dr, Des Moines, IA 50317
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    • $81,000
      Pending

      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
      5634 Walnut Ridge Dr, Des Moines, IA 50317
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    • $94,000
      Pending

      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
      5663 Walnut Ridge Dr, Des Moines, IA 50317
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    • $81,000
      Pending

      Residential Land in Des Moines

      Land with tax abatement in convenient Des Moines location.
      5609 Walnut Ridge Dr, Des Moines, IA 50317
      View Details
    • $34,900
      Pending

      Vacant Land in Des Moines

      Vacant land with mature trees, convenient access to I-235.
      3016 Raccoon St, Des Moines, IA 50317
      View Details
    • New
      $72,500
      Pending

      Des Moines Land For Sale

      0.25 acre lot in Des Moines with tax abatement.
      3280 Brook Landing Ct, Des Moines, IA 50317
      View Details

    Similar Nearby for Sale

    • $81,000
      Pending

      Residential Land in Des Moines

      Land with tax abatement in Woodbury Development, Des Moines, IA.
      5678 Walnut Ridge Dr, Des Moines, IA 50317
      View Details
    • $81,000
      Pending

      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
      5634 Walnut Ridge Dr, Des Moines, IA 50317
      View Details
    • $94,000
      Pending

      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
      5663 Walnut Ridge Dr, Des Moines, IA 50317
      View Details
    • $81,000
      Pending

      Residential Land in Des Moines

      Land with tax abatement in convenient Des Moines location.
      5609 Walnut Ridge Dr, Des Moines, IA 50317
      View Details
    • $34,900
      Pending

      Vacant Land in Des Moines

      Vacant land with mature trees, convenient access to I-235.
      3016 Raccoon St, Des Moines, IA 50317
      View Details
    • New
      $72,500
      Pending

      Des Moines Land For Sale

      0.25 acre lot in Des Moines with tax abatement.
      3280 Brook Landing Ct, Des Moines, IA 50317
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Building on Corner Lot

      5,500 SF industrial building on a 32,000 SF lot.
      410 SE 18Th St, Des Moines, IA 50317
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      238 SF

      Professional Office Suite For Rent

      Eastside office suite with shared kitchenette and ample parking.
      1436 E 22Nd St, Des Moines, IA 50317
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      25,060 SF

      Des Moines Industrial Opportunity

      25,060 SF industrial space on 7.99 acres.
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      870 SF

      Retail Spaces Available For Lease

      Retail spaces for lease with front door parking and signage.
      2355 E University Ave, Des Moines, IA 50317
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    • Contact for pricing
      3,366 SF

      Retail Space Near Interstate 235

      Retail property with direct access to I-235 and ample parking.
      2545 E Euclid Ave, Des Moines, IA 50317
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    • Contact for pricing

      Des Moines Office/Warehouse Opportunity

      29,342 SF building on 2.275 acres for sale/lease.
      2701 Delaware Ave, Des Moines, IA 50317
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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