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Property profile & analytics
FOR SALE
Industrial properties

519 SE 4Th St Des Moines, IA 50309

9,800 SF 0.48 ac lot Built 1984
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US25-2560279
Property summary
AI-generated overview

This exceptional 1-9 acre commercial land parcel (APN 040/01318-001-000) presents a unique investment opportunity in Des Moines, Iowa's thriving Market District. Located at 519 SE 4th St, 50309, this property boasts a coveted location adjacent to downtown Des Moines and the Historic East Village, offering panoramic views of the Iowa State Capitol, Principal Park, and the downtown skyline. Zoned DX2 District, the site is ideal for a variety of uses including residential, hospitality, entertainment, office, retail, and food & beverage establishments. Its prime riverfront position provides easy access to walking paths and bike trails, ensuring high visibility and accessibility for vehicles, pedestrians, and cyclists. The Market District is experiencing significant redevelopment, making this a compelling opportunity for master developers, end-users, long-term investors, strategic development groups, or municipal/civic organizations. Tax incentives are available through the City of Des Moines. This property offers unparalleled potential to capitalize on the district's vibrant growth and prime location. Contact the seller for details.

Property profile
Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1984
Construction STEEL FRAME
Total area 9,800 SF
Lot 0.48 ac (21,000 SF)
Zoning code M-1
APN 040/01318-001-000
UPID US25-2560279
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
  • Artistic Iron Works Metal Fabrication Plant Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Famigla LLC · 2 yrs held
Famigla LLC
since 2024
6 recorded transactions
2024
Price N/A
2020
Price N/A
2013
Price N/A
2013
$140,000
2006
$140,000
2005
$1.2M
Zoning & alternative use
M-1 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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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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