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Property profile

4769 21st Ct Des Moines, IA 50313

OFF-MARKET
Warehouses
Property ID
US25-0050595
View Sample
16,020 SF 1.33 ac lot Built 2021
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2021
Construction STEEL FRAME
Total area 16,020 SF
Lot 1.33 ac (57,731 SF)
APN 270/00901-000-016
UPID US25-0050595

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
AI Approach AI
$1.75M
CAP Approach CAP
$1.16M
Comparable Approach Comparable
$2.40M
Blend (final) Blend
$1.70M

Owner & transaction history

since 2022
Last sale
$1.9M
1 recorded transaction
2022
$1.9M

Zoning & alternative use

Top alternative use upside
Auto repair, garage $2.8M +59.0%
Medical building $2.7M +53.6%
Restaurant $2.5M +42.5%

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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