4950 NE 29Th St Des Moines, IA 50317
Property profile & analytics
4950 NE 29Th St Des Moines, IA 50317
- Warehouses
- 675,000 SF
- 65.27 lot acres
Property ID
US25-2383679
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.
Location Intelligence
Current Use by Public Records
- GXO / Logistics Company / Freight Service
- Con-trol / Storage Facility
Property Details for 4950 NE 29Th St
- Year built
- 2018
- Construction
- STEEL FRAME
- Lot size
- 65.27 lot acres
- Property size
- 675,000 SF
- Property type
- Warehouses
- APN
- 190/00271-001-005
- APU
- 19000271001005
Description
This exceptional Des Moines industrial property offers two available spaces within a single, modern warehouse building constructed in 2018. The building totals 675,000 square feet and is situated for convenient access to Interstates 80 and 235. The property is zoned for heavy industrial use and features a single-story design with ceiling heights ranging from 24 to 29 feet. Ample parking is provided with 135 spaces available. Two suites are available for lease, offering flexible space options. The smaller suite encompasses 75,000 square feet and is priced at $5.25 per square foot, triple net (NNN). This space includes five dock doors with levelers, one drive-in door, and a small office area with restrooms. The larger suite, totaling 125,000 square feet, is offered at $4.50 per square foot, triple net (NNN). This space is food-grade compliant and features 22 dock doors with levelers, one drive-in door, and a more extensive office area including three private offices, a breakroom, and restrooms. The 2024 common area maintenance (CAM) rate is $2.00 per square foot, with no management fee. Minimum divisible space is 75,000 square feet, with a maximum contiguous space of 300,000 square feet. This property presents a unique opportunity for businesses seeking high-quality industrial space in a prime Des Moines location.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $52,840,000
- 6.5%
- $48,780,000
- 7%
- $45,295,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $61,298,000
- AI Estimate
- $28,464,000
Market price range: $37.5M - $90.8MMarket price range: $15.0M - $46.6M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $62,040,000 Current use
- COMMERCIAL (GENERAL)
- $69,315,000 Change: +12% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $53,995,000 Change: -13% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.5684
- Latitude
- 41.6501
- 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
2023
$1,150,462
$3,050,000
$46,450,000
$49,500,000
-
$3,050,000
$46,450,000
$49,500,000
