Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4685 14th St Des Moines, IA 50313-2009

    • Hotels
    • 40,104 SF
    • 4.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 18, 2022
    $4,550,000
    Value Estimations
    $4,355,000
    Show details
    Cap Rate Potential
    7.3%
    Hotels
    Location Intelligence
    Property ID
    US25-0228370
    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.

    Current Use by Public Records

    • Baymont by Wyndham Des Moines North / Hotel & Motel
    • The Bella Room - Event Hall: Baymont Inn & Suite / Hotel & Motel / Resort
    • Super 8 by Wyndham Des Moines / Hotel & Motel

    Property Details for 4685 14th St

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    4.00 lot acres
    Property size
    40,104 SF
    Zone code
    HI
    Property type
    Hotels
    Property subtype
    Motels
    APN
    270/01343-106-002
    APU
    27001343106002

    Description

    This dual-branded Baymont & Super 8 hotel in Des Moines, Iowa presents a compelling investment opportunity. The property, located at 4685 NE 14th St, boasts 73,897 square feet across two stories, situated on a 2-acre lot (APN 270-01343106002). Built in 1969 and renovated in 2014, the hotel features 139 keys. The asking price is $4,800,000, representing a price per square foot of $64.96. The property's current performance is below market potential, offering a significant opportunity for an owner-operator to increase revenue through strategic rate management. Its prime location, just 11 miles from Des Moines International Airport and near major city attractions, coupled with its proximity to Interstates 35 and 80, ensures high visibility and accessibility. This represents a chance to acquire a well-located hotel in a thriving market with significant upside potential. The property's recent price reduction of $450,000 makes this an even more attractive investment. The absentee ownership structure further highlights the potential for improved operational efficiency and profitability. This is an exceptional opportunity for an investor seeking a value-add hotel investment in a strong Des Moines location. The property is located in Polk County, Iowa, zip code 50313.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,110,000
      ML approach
      $3,925,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,030,000
      6.5%
      $4,640,000
      7%
      $4,310,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,924,000
      Market price range: $1.58M - $4.11M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,915,000
      Current use
      AUTO REPAIR, GARAGE
      $6,905,000
      Change: +137% Conversion: Difficult
      MEDICAL BUILDING
      $6,675,000
      Change: +129% Conversion: Difficult
      RESTAURANT
      $6,190,000
      Change: +112% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,905,000
      Change: +103% Conversion: Difficult
      RETAIL STORES
      $4,660,000
      Change: +60% Conversion: Difficult
      WAREHOUSE, STORAGE
      $4,345,000
      Change: +49% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $4,160,000
      Change: +43% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5994
    Latitude
    41.6455
    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
    $83,776
    $963,000
    $1,977,000
    $2,940,000
    -
    $963,000
    $1,977,000
    $2,940,000

    Comparable in this City

    • Value Estimation
      $1,725,000
      31,708 SF

      4940 14th St

      HOTEL/MOTEL • 31,708 SF
      4940 14th St, Des Moines, IA 50313-2033
      View Details
    • Value Estimation
      $3,050,000
      28,065 SF

      4950 14th St

      HOTEL/MOTEL • 28,065 SF
      4950 14th St, Des Moines, IA 50313-2033
      View Details
    • Value Estimation
      $1,125,000
      51,325 SF

      5220 14th St

      HOTEL/MOTEL • 51,325 SF
      5220 14th St, Des Moines, IA 50313-2006
      View Details
    • Value Estimation
      $820,000
      24,604 SF

      5020 14th St

      HOTEL/MOTEL • 24,604 SF
      5020 14th St, Des Moines, IA 50313-2016
      View Details
    • Value Estimation by Request
      10,500 SF

      4485 22Nd St

      Distribution properties • 10,500 SF
      4485 22Nd St, Des Moines, IA 50313
      View Details
    • Value Estimation by Request
      0.11 Acres

      215 Arthur Ave

      CHARITABLE ORGANIZATION • 0.11 Acres
      215 Arthur Ave, Des Moines, IA 50313-5007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Des Moines Vacant Lot

      Vacant lot in established Des Moines neighborhood.
      225 Arthur Ave, Des Moines, IA 50313
      View Details
    • $65,000
      0.94 Acres

      Des Moines Land Opportunity

      Almost one acre of land in Des Moines, Iowa.
      1215 Ovid Ave, Des Moines, IA 50313
      View Details
    • $1,300,000
      3,123 SF

      Stabilized Retail Investment Property

      Single-tenant property with a new 10-year lease in place.
      1501 E Euclid Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      20.00 Acres

      Des Moines 20-Acre Development Land

      Prime Iowa location, high-growth potential.
      0 26Th St, Des Moines, IA 50313
      View Details
    • $695,000
      7,839 SF

      Versatile Industrial Property Near I-80

      Functional industrial space with logistical advantages near Interstate 80.
      3939 E 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Redevelopment Land For Sale

      Development land available for retail, office, and industrial uses.
      E Euclid Ave, Des Moines, IA 50313
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      36,000 SF

      Des Moines Flex Space Available

      Modern industrial flex space for lease.
      6717 15Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing
      7,448 SF

      Retail Space Near Interstate I-80/35

      7,448 SF retail space with high visibility and access.
      5029 NE 14Th St, Des Moines, IA 50313
      View Details
    • $8 SF/Yr
      10,985 SF

      Commercial Flex Space For Lease

      Commercial/Flex property for lease with great visibility.
      3296 NW Prairie Ln, Des Moines, IA 50313
      View Details
    • $12 SF/Yr
      8,500 SF

      1566 Euclid Ave

      Flex space • 8,500 SF
      1566 Euclid Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      3,042 SF

      Functional Warehouse Space in Des Moines

      3042 SF warehouse with drive-in doors, near downtown.
      1401-1500 NE 44Th Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      194,000 SF

      Des Moines Industrial Logistics Center

      Premier industrial and logistics center at the crossroads of the US.
      4600 NE 14Th St, Des Moines, IA 50313
      View Details
    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.
    4685 14th St
    Des Moines, IA 50313-2009
    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!