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    4950 14th St Des Moines, IA 50313-2033
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    Property profile & analytics

    4950 14th St, Des Moines, IA 50313-2033

    View on Map
    • Hotels
    • 28,065 SF
    • 1.19 lot acres
    Off-Market
    Last Sale Oct 1, 2024
    $3,050,000
    Property ID
    US25-0431674
    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
    $3,050,000
    Show details
    Cap Rate Potential
    6.9%
    Hotels
    Location Intelligence

    Current Use by Public Records

    • Quality Inn / Hotel & Motel

    Property Details for 4950 14th St

    Year built
    1999
    Construction
    FRAME
    Lot size
    1.19 lot acres
    Zone code
    C-2
    Property type
    Hotels
    Property subtype
    Motels
    APN
    110/06475-404-000
    APU
    11006475404000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 1, 2024 $3,050,000 Ss Satya & Purnima Corp Prit LLC Contract Sale —
    Oct 9, 2023 — Prit LLC — Deed · related $302k · Wood & Huston Bank
    Oct 5, 2021 — Prit LLC — Deed · related $2.2M · Wood & Huston Bank
    Apr 22, 2021 $1,811,000 Prit LLC Krupa Hospitality INC Warranty Deed $2.7M · First State Bank
    Mar 28, 2018 $1,600,000 Krupa Hospitality INC Ami Investments Of Iowa INC Warranty Deed $2.2M · First Citizens Bank
    — — Ami Investments Of Iowa INC — Deed Of Trust · related $2.4M · Grinnell State Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,050,000
      ML approach
      $3,050,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,520,000
      6.5%
      $3,250,000
      7%
      $3,015,000

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $2,040,000
      Current use
      AUTO REPAIR, GARAGE
      $4,835,000
      Change: +137% Conversion: Difficult
      MEDICAL BUILDING
      $4,670,000
      Change: +129% Conversion: Difficult
      RESTAURANT
      $4,330,000
      Change: +112% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,130,000
      Change: +103% Conversion: Difficult
      RETAIL STORES
      $3,260,000
      Change: +60% Conversion: Difficult
      WAREHOUSE, STORAGE
      $3,040,000
      Change: +49% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $2,910,000
      Change: +43% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6014
    Latitude
    41.6506
    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
    $60,836
    $263,000
    $1,337,000
    $1,600,000
    -
    $263,000
    $1,337,000
    $1,600,000

    Comparable in this City

    • 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
      $1,725,000
      31,708 SF

      4940 14th St

      HOTEL/MOTEL
      4940 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
      $820,000
      24,604 SF

      5020 14th St

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

      3718 2nd Ave

      CHARITABLE ORGANIZATION
      3718 2nd Ave, Des Moines, IA 50313-4408
      View Details
    • Value Estimation by Request
      0.16 Acres

      3117 6th Ave

      CHARITABLE ORGANIZATION
      3117 6th Ave, Des Moines, IA 50313-4132
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,004 SF

      Well-Maintained Red Roof Inn

      Two-story hotel with 57 guest rooms and ample parking.
      5020 NE 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing
      0.15 Acres

      Residential Lot Near Des Moines River

      Flat, ready-to-build lot near marina, river, and Union Park.
      2305 Saylor Rd, Des Moines, IA 50313
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    • Contact for pricing

      Development Site on Corner Lot

      1.364 acre development site on the corner of E 14th.
      3810 E 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Des Moines Land For Sale

      Up to 32.425 acres of land with highway visibility.
      E Pine Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      39,164 SF

      Des Moines Flex/Office Space

      Available flex and office space in Des Moines.
      101 Sheridan Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Development Land Available

      Land available for retail, office, and industrial uses.
      14th St & Euclid Ave, Des Moines, IA 50313
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,500 SF

      Des Moines Office Space Available

      7,500 SF office space near downtown and I-80.
      100 E Euclid Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      262,500 SF

      Des Moines Industrial Logistics Center

      Premier industrial and logistics center in Des Moines, Iowa.
      4700 NE 14Th St, Des Moines, IA 50313
      View Details
    • $11 SF/Yr
      8,597 SF

      Des Moines Warehouse Space Available

      Functional warehouse space in Des Moines' Northwest industrial submarket.
      385 Northwest 43Rd Pl, Des Moines, IA 50313
      View Details
    • Contact for pricing

      Des Moines Industrial Space Available

      7,520 sqft industrial space with office and dock doors.
      635 New York Ave, Des Moines, IA 50313
      View Details
    • Contact for pricing
      196,500 SF

      Des Moines Industrial Logistics Center

      Premier industrial and logistics center in Des Moines, Iowa.
      4792 NE 14Th St, Des Moines, IA 50313
      View Details
    • Contact for pricing
      2,877 SF

      Retail Space Near I-35/80

      2,877 SF retail space adjoining QuikTrip, drive-up ready.
      4801 NE 14Th St, 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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