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    5601 Fleur Dr Des Moines, IA 50321-2841
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    5601 Fleur Dr Des Moines, IA 50321-2841

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    • Investment properties
    • 1,652 SF
    • 0.40 lot acres
    Off-Market
    Property ID
    US25-0199596
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Nathan Keppler: Allstate Insurance / Insurance Agency
    • Allstate Personal Financial Representative: Michael Dolphin / Financial Advisor
    • Matthew Rainey: Allstate Insurance / Insurance Agency

    Property Details for 5601 Fleur Dr

    Year built
    1973
    Construction
    FRAME
    Lot size
    0.40 lot acres
    Property size
    1,652 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    120/01642-000-000
    APU
    12001642000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6446
    Latitude
    41.5336
    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
    2020
    $7,156
    $148,000
    $97,000
    $245,000
    -
    $148,000
    $97,000
    $245,000

    Comparable in this City

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    • Value Estimation
      $3,320,000
      29,325 SF

      2100 Fleur Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 29,325 SF
      2100 Fleur Dr, Des Moines, IA 50321-1158
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    • Value Estimation
      $2,220,000
      21,888 SF

      2120 Rittenhouse St

      OFFICE/RESIDENTIAL (MIXED USE) • 21,888 SF
      2120 Rittenhouse St, Des Moines, IA 50321-3156
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    • Value Estimation by Request
      2,146 SF

      2930 Bell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,146 SF
      2930 Bell Ave, Des Moines, IA 50321-1421
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      44,059 SF

      2326 Bell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 44,059 SF
      2326 Bell Ave, Des Moines, IA 50321-1115
      View Details
    • Value Estimation
      $1,340,000
      9,056 SF

      7400 Fleur Dr Ste, Unit 200

      OFFICE/RESIDENTIAL (MIXED USE) • 9,056 SF
      7400 Fleur Dr Ste, Des Moines, IA 50321-3105
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Des Moines Land for Sale

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      10,816 SF

      Remodeled Office Building Near CBD

      Two-story office building with classroom setting near Des Moines CBD.
      2620 Fleur Dr, Des Moines, IA 50321
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      Des Moines Airport Business Park

      Land for office, warehouse, flex space, and light manufacturing.
      3450 Gannett Ave, Des Moines, IA 50321
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      Des Moines Airport Business Park

      Land available in expanding warehouse and industrial corridor.
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space Available For Lease

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      5701 Park Ave, Des Moines, IA 50321
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      Plug and Play Call Center

      150-seat call center available for lease near Des Moines airport.
      3600 Army Post Rd, Des Moines, IA 50321
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    • $15 SF/Yr
      20,000 SF

      Plug and Play Call Center

      20,000 SF call center with 150 seats and private offices.
      3600 Army Post Rd, Des Moines, IA 50321
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      Des Moines Industrial Flex Space

      Industrial flex space available for rent in Des Moines, Iowa.
      5034 Park Ave, Des Moines, IA 50321
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    • $15 SF/Yr
      2,275 SF

      Fleur Drive Retail/Medical Space

      Well-maintained retail or medical space in a high-traffic area.
      4214 Fleur Dr, Des Moines, IA 50321
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    • Contact for pricing
      60,000 SF

      Prime Location on Park Avenue

      60,000 SF specialty property with optimal access and proximity.
      5701 Park Ave, Des Moines, IA 50321
      View Details
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    Des Moines, IA 50321-2841
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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