Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    446 E Army Post Rd Des Moines, IA 50315

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    446 E Army Post Rd Des Moines, IA 50315

    View on Map
    • Commercial real estate
    • 1,791 SF
    • 0.77 lot acres
    For Sale
    $299,000
    View Listing →
    Land For Sale
    $299,000

    Land

    Commercial land

    446 E Army Post Rd, Des Moines, IA 50315
    View Listing
    Property ID
    US25-0009765
    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 446 E Army Post Rd

    Year built
    1980
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.77 lot acres
    Property size
    1,791 SF
    Zone code
    C-2
    Property type
    Commercial real estate
    APN
    120/05209-004-000
    APU
    12005209004000

    Description

    This exceptional .76-acre commercial lot presents a unique investment opportunity in Des Moines, Iowa. Strategically positioned at a controlled intersection on East Army Post Road, this property boasts high visibility and accessibility. Its prime location offers proximity to the Des Moines International Airport and the vibrancy of the downtown area, making it ideal for a wide range of commercial developments. The lot is ready for immediate construction, eliminating lengthy site preparation delays. The asking price is $299,000. Located in Polk County, at 446 E Army Post Rd, Des Moines, IA 50315 (41.526717, -93.606943), this property offers significant potential for businesses seeking a high-traffic location with excellent visibility. The .76 acres provide ample space for a variety of commercial ventures. Don't miss this chance to acquire a highly desirable commercial lot in a thriving Des Moines location. The property is zoned for commercial use.

    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
    -93.6069
    Latitude
    41.5267
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $5,574
    $283,000
    $0.00
    $283,000
    -
    $283,000
    $0.00
    $283,000

    Comparable in this City

    • Value Estimation by Request

      Des Moines, IA 50315

      COMMERCIAL (GENERAL)
      Des Moines, IA 50315
      View Details
    • Value Estimation by Request

      Des Moines, IA 50315

      COMMERCIAL (GENERAL)
      Des Moines, IA 50315
      View Details
    • Value Estimation by Request

      Des Moines, IA 50315

      COMMERCIAL (GENERAL)
      Des Moines, IA 50315
      View Details
    • Value Estimation by Request
      0.12 Acres

      1535 6th St

      COMMERCIAL (GENERAL) • 0.12 Acres
      1535 6th St, Des Moines, IA 50315-1404
      View Details
    • Value Estimation by Request
      0.12 Acres

      6306 7th St

      COMMERCIAL (GENERAL) • 0.12 Acres
      6306 7th St, Des Moines, IA 50315
      View Details
    • Value Estimation by Request
      0.32 Acres

      Des Moines, IA 50315

      COMMERCIAL (GENERAL) • 0.32 Acres
      Des Moines, IA 50315
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Des Moines Multifamily Investment Opportunity

      Multifamily property in Des Moines, Iowa. Due diligence available.
      530 E Kenyon Ave, Des Moines, IA 50315
      View Details
    • Contact for pricing

      Des Moines Land For Sale

      Nearly 100 acres of land near Des Moines Airport.
      2400 Rittenhouse St, Des Moines, IA 50315
      View Details
    • $500,000
      3,223 SF

      Des Moines Auto Shop For Sale

      Former auto body shop in high-traffic Des Moines location.
      1424 Army Post Rd, Des Moines, IA 50315
      View Details
    • $289,000
      1,600 SF

      Des Moines Duplex Opportunity

      Des Moines duplex perfect for renovation or rental portfolio expansion.
      3509/3511 Keyes Dr, Des Moines, IA 50315
      View Details
    • Contact for pricing

      Des Moines Development Opportunity

      0.46 acre development opportunity in Des Moines.
      5800 SW 9Th St, Des Moines, IA 50315
      View Details
    • Contact for pricing
      182,000 SF

      Des Moines Industrial Land Available

      Flexible industrial land with customizable options in Des Moines, Iowa.
      E Army Post Rd, Des Moines, IA 50315
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,630 SF

      Des Moines Office Space Available

      1,630 SF office space for lease in Des Moines.
      4601-4605 SW 9Th St, Des Moines, IA 50315
      View Details
    • Contact for pricing

      Des Moines Mixed-Use Property

      Centrally located mixed-use property with quick interstate access.
      1901 Bell Ave, Des Moines, IA 50315
      View Details
    • $10 SF/Yr
      1,327 SF

      Retail Space in Mixed-Use Building

      Retail space available in a mixed-use building.
      1938 Southeast 6Th St, Des Moines, IA 50315
      View Details
    • Contact for pricing
      2,870 SF

      Restaurant with Drive-Thru For Sale

      Quick service restaurant with drive-thru, prime location near downtown.
      4105 SW 9Th St, Des Moines, IA 50315
      View Details
    • Contact for pricing
      6,602 SF

      Des Moines Office Space Available

      6,602 SF office space for lease or sale.
      5001 Southwest 9Th St, Des Moines, IA 50315
      View Details
    • Contact for pricing
      9,000 SF

      Des Moines Commercial Building For Rent

      2,900 SF commercial space with drive-in door on Army Post.
      1210 Army Post Rd, Des Moines, IA 50315
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    446 E Army Post Rd
    Des Moines, IA 50315
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!