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Property profile & analytics
FOR LEASE
Strip malls

5101 SE 14Th St Des Moines, IA 50320

7,350 SF 5.84 ac lot Built 2001
Entity Owned 19-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0446423
Property summary
AI-generated overview

Southeast Plaza offers a prime retail opportunity in Des Moines, Iowa. This single-story, 243,000 square foot shopping center boasts a highly visible location on SE 14th Street, situated between Highway 5 and I-235, a corridor with significant traffic volume. The property is conveniently located just north of Southridge Mall, benefiting from the existing high density of retail and residential areas. Currently, a contiguous 8,624 square foot storefront space is available for lease. This outparcel is part of a larger shopping center anchored by a Walmart Supercenter, ensuring high foot traffic and strong brand recognition. The lot size ranges from 0.6 to 1 acre, providing ample space for potential expansion or outdoor displays. The property is located in Polk County, Iowa, with a zip code of 50320. This exceptional location offers unparalleled visibility and access for businesses seeking a thriving retail environment in Des Moines. The available space presents a unique opportunity for businesses seeking high visibility and access to a dense population.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Construction STEEL FRAME
Total area 7,350 SF
Lot 5.84 ac (254,216 SF)
Zoning code PUD
APN 120/04690-402-001
UPID US25-0446423
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Shubh Beauty Hair Salon Nail Salon
  • MoneyGram Bank Credit Union
  • Western Union Bank Credit Union
  • Walmart Home Services Social Service Agency
  • Walmart Home Theater Installation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$856k
Blend (final) Blend
$720k
Owner & transaction history
Tkg Southeast Plaza LLC · 19 yrs held
Tkg Southeast Plaza LLC
since 2007
1 recorded transaction
2007
Price N/A
Zoning & alternative use
PUD · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The PUD Legacy District is a zoning classification that is no longer accepting new or expanded applications. Only existing PUDs established before a specified effective date continue under this legacy status. These grandfathered districts are governed primarily by their original approval ordinances, conceptual plans, and conditions of approval. Amendments to…

Zone name Planned Unit Development
General category PLANNED_DEVELOPMENT
Zone area 3,668.41 ac
Source Realmo
Top alternative use upside
Restaurant $1.1M +93.0%
Apartment house (5+ units) $1.1M +84.1%
Retail stores $855,000 +45.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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