Entity Owned Property summary
AI-generated overview
This exceptional 12,449-square-foot flex space property in Des Moines, Iowa, presents a compelling investment opportunity. Located at 505 Sheridan Ave, in Polk County, zip code 50313, this industrial building sits on a 1.2-acre lot and offers significant advantages. The property features six dock-high doors, allowing for efficient loading and unloading, and boasts drive-through capabilities for streamlined operations. Beyond the main building, there's over an acre of fenced outdoor storage space, providing ample room for materials, equipment, or inventory. The expansive lot also offers potential for future building expansion, catering to growth and future needs. This centrally located property provides easy access to major interstate highways, ensuring convenient transportation and logistics. The asking price for this versatile and strategically positioned property is $1,350,000. This is an ideal property for businesses seeking a combination of indoor and outdoor space with excellent accessibility.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2008
Construction
FRAME
Total area
12,449 SF
Lot
1.73 ac (75,141 SF)
APN
070/00783-001-005
UPID
US25-0062699
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.61M
Blend (final)
Blend
$1.39M
Owner & transaction history
since 2025
Last sale
$1.2M
4 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$2.1M
+66.0%
Medical building
$2.1M
+60.5%
Restaurant
$1.9M
+48.8%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
7 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$1.39M
Value range
$1.25M – $1.52M
±10% around blend
Estimated value / SF
$111 / SF
Confidence
High
5 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
50
$1.25M
blend $1.39M
$1.52M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
12,449 SF
Lot area
1.73 ac
Year built
2008
Stories
1
APN
070/00783-001-005
Assessed value
$743,000
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$1.91M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
6.5 mi away · 10,132 SF
7.1 mi away · 11,595 SF
7.3 mi away · 9,120 SF
9.1 mi away · 12,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.39M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$104
+7%
Submarket 290 sales
$103
+8%
County 496 sales
$109
+2%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $111/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+66%
vs current-use indication
Medical Building
Restaurant
Apartment House (5+ Units)
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
Not available
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
9.20%
Implied, in-place cap rate for this investment properties
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 9.20%
9.0%
NOI (est.)
$81k *
Last sale · Jan 2025
$1.15M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$875k
Move the market yield to see immediate price impact.
Value / SF
$70
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
8.70%9.20%9.70%
$72k
$833k
$788k
$747k
$81k
$925k
$875k
$830k
$89k
$1.02M
$963k
$913k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$1.36M
2.8 mi · Apr 2026 · $129/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Assessed value
$743,000
Assessed 2023
Previous assessed
$743,000
+0.0% YoY
Assessed land
$379,000
Assessed improvement
$364,000
Land market value
$379,000
Improvement market value
$364,000
Total market value
$743,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2008
Construction
FRAME
Buildings
1
Stories
1
Total area
12,449 SF
Lot
1.73 ac (75,141 SF)
APN
070/00783-001-005
UPID
US25-0062699
Jurisdiction
POLK
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Stories
1
Buildings
1
Lot
1.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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