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Property profile & analytics

505 Sheridan Ave Des Moines, IA 50313

  • Investment properties
  • 12,449 SF
  • 1.73 lot acres
OFF-MARKET
Value Estimation
$1,290,000
Last Sale
Jan 08, 2025
$1,150,000
Location Intelligence
Property ID
US25-0062699
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.

Current Use by Public Records

  • Investment properties

Property Details for 505 Sheridan Ave

Year built
2008
Construction
FRAME
Lot size
1.73 lot acres
Property size
12,449 SF
Property type
Investment properties
Property subtype
Live-work space
APN
070/00783-001-005
APU
7000783001005

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $1,385,000
  • CAP approach

    CAP return
    Estimation
    6%
    $1,035,000
    6.5%
    $1,020,000
    7%
    $985,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $1,255,000
    Geo Method
    $1,035,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $915,000
    Retail
    $1,245,000
    Mixed-Use
    $925,000
    Hospitality
    $990,000
    Educational
    $1,240,000
    Residential Income
    $1,025,000
    Energy
    $1,120,000
    Income-Based Land
    $930,000
    Food Service
    $1,020,000

Location Insight

  • Map
  • Local Demand
City
Des Moines
County
Polk
State
Iowa
Longitude
-93.6239
Latitude
41.6194
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
$0.00
$379,000
$364,000
$743,000
-
$379,000
$364,000
$743,000
More about this property
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