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    4940 14th St Des Moines, IA 50313-2033
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    Property profile & analytics

    4940 14th St, Des Moines, IA 50313-2033

    View on Map
    • Hotels
    • 31,708 SF
    • 2.43 lot acres
    Off-Market
    Property ID
    US25-0364665
    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
    $1,725,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Motel 6 Des Moines, IA - North / Hotel & Motel

    Property Details for 4940 14th St

    Year built
    1999
    Construction
    FRAME
    Lot size
    2.43 lot acres
    Zone code
    C-2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    110/06475-406-000
    APU
    11006475406000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 23, 2022 — Essel Iowa Hospitality LLC — Deed · related $2M · Grinnell State Bank
    Dec 7, 2018 — Essel Ia Hospitality LLC — Deed · related $2.3M · Metabank
    Jul 19, 2010 $1,449,500 Essel Iowa Hospitality LLC Motel 6 Operating LP Special Warranty Deed $1.6M · First Colorado National Bank
    — — Essel Iowa Hospitality LLC — Deed Of Trust · related $1.7M · Metabank
    — — Essel Ia Hospitality LLC — Deed Of Trust · related $2.3M · Metabank
    — — Essel Iowa Hospitality LLC — Deed Of Trust · related $2.5M · Metabank

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,750,000
      Market price range: $1.25M - $3.25M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,305,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6026
    Latitude
    41.6507
    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
    $67,162
    $320,000
    $1,440,000
    $1,760,000
    -
    $320,000
    $1,440,000
    $1,760,000

    Comparable in this City

    • Value Estimation
      $3,050,000
      28,065 SF

      4950 14th St

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

      5220 14th St

      HOTEL/MOTEL
      5220 14th St, Des Moines, IA 50313-2006
      View Details
    • Value Estimation
      $4,355,000
      40,104 SF

      4685 14th St

      HOTEL/MOTEL
      4685 14th St, Des Moines, IA 50313-2009
      View Details
    • Value Estimation
      $820,000
      24,604 SF

      5020 14th St

      HOTEL/MOTEL
      5020 14th St, Des Moines, IA 50313-2016
      View Details
    • Value Estimation by Request
      4.08 Acres

      22Nd St

      Land
      0 22Nd St, Ankeny, IA 50313
      View Details
    • Value Estimation by Request
      1.41 Acres

      Des Moines, IA 50313

      COMMERCIAL (GENERAL)
      Des Moines, IA 50313
      View Details

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    • Contact for pricing
      24,004 SF

      Well-Maintained Red Roof Inn

      Two-story hotel with 57 guest rooms and ample parking.
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      Land For Sale

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      65,212 SF

      Des Moines Warehouse and Distribution

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      Income-Producing Multifamily Property in Des Moines

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      0.15 Acres

      Residential Lot Near Des Moines River

      Flat, ready-to-build lot near marina, river, and Union Park.
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      Development Site on Corner Lot

      1.364 acre development site on the corner of E 14th.
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    Similar Nearby for Lease

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      Industrial Shop Near I-35/80

      5,817 SF industrial shop with desirable features for rent.
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      Commercial Property Near Interstates

      Commercial property located near major interstates for rent.
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      12,450 SF

      Industrial Warehouse Space Available

      Industrial warehouse space for sublease, approximately 12,450 square feet.
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      1,125 SF

      Office Space Available For Rent

      First generation office space with interstate access and visibility.
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      39,760 SF

      Spacious Warehouse Near I-235

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      Medical Office Space Available

      Medical office building with on-site parking in high-traffic area.
      1530 E Euclid Ave, Des Moines, IA 50313
      View Details
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    Des Moines, IA 50313-2033
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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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