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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Industrial properties
5250 17th St Des Moines, IA 50313-2119
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US25-0080220
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1961
Construction
STEEL FRAME
Total area
64,861 SF
Lot
2.48 ac (107,910 SF)
Zoning code
HI
APN
270/01666-018-001
UPID
US25-0080220
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
-
Power Brace Manufacturing Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.27M
Blend (final)
Blend
$1.83M
Owner & transaction history
Heady Props LLC · 5 yrs held
Heady Props LLC
since 2020
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
HI · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,795,000
ML approach
$1,905,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.80M (Sep 21 2020)
Last sale anchor
$1.80M
Sep 21 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$28 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,422
Tax year 2023
Assessed value
$1,780,000
Assessed 2024
Previous assessed
$1,780,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$215,000
Assessed improvement
$1,565,000
Land market value
$215,000
Improvement market value
$1,565,000
Total market value
$1,780,000
Applied tax rate
8.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1961
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
64,861 SF
Lot
2.48 ac (107,910 SF)
Zoning code
HI
APN
270/01666-018-001
UPID
US25-0080220
Jurisdiction
POLK
Zoning & alternative use
HI · Des Moines, IA
Zoning HI · permitted uses
HI · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1961
Construction
STEEL FRAME
Heating
CENTRAL
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Heady Props LLC
Entity
Mailing address
5250 NE 17TH ST, DES MOINES, IA 50313-2119
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 21, 2020
—
Heady Props LLC
Ipe1031 Rev337 LLC
Quit Claim Deed
related
—
Jan 9, 2020
$1,800,000
Ipe1031 Rev337 LLC
5250 LLC
Warranty Deed
$1,784,131 · Northwest Bank
Feb 22, 2019
—
5250 LLC
Pags & Sons LLC
Quit Claim Deed
related
—
Dec 27, 2018
$1,350,000
Pags & Sons LLC
Competitive Edge Ptrs LLC
Warranty Deed
$1,012,500 · South Story Bk&tr
Dec 27, 2018
—
Competitive Edge Partners LLC
—
Deed
related
$505,000 · Legacy Bank
Jan 31, 2018
—
Competitive Edge Partners LLC
—
Deed
related
$505,000 · Legacy Bk-clive
Feb 10, 2012
$605,283
Competitive Edge Partners LLC
Sheriff Of Polk County
Trustees Deed
—
—
—
Competitive Edge Partners LLC
—
Deed Of Trust
related
$505,000 · Legacy Bk-clive
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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