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Property profile & analytics
OFF-MARKET
Specialty properties
5615 Hickman Rd, Des Moines, IA 50310-1119
Entity Owned
1-yr Hold
Free & Clear
Property ID
US25-0211043
Property summary
AI-generated overview
This Des Moines office building, located at 5615 Hickman Rd, offers 3,290 square feet of space on a 0.795-acre lot. Built in 1965, this single-story building boasts a highly visible and easily accessible location, making it an attractive investment opportunity. The property features a large fenced-in backyard, providing ample outdoor space, and includes an on-site storage shed for added convenience. Enhancements include monument signage on Hickman Road, contributing to strong visibility, and a billboard sign lease that generates an annual revenue of $1,500. The building's versatility makes it suitable for a variety of uses, including a childcare facility. The asking price is $395,000, translating to $120.06 per square foot. This property presents a unique blend of established infrastructure and significant potential for future growth within a desirable Des Moines location. The property is situated in Polk County, Iowa, with a zip code of 50310. This is a for sale by owner listing.
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1965
Construction
STEEL FRAME
Total area
3,290 SF
Lot
0.79 ac (34,630 SF)
Zoning code
C-1
APN
100/06047-000-000
UPID
US25-0211043
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
-
Camp Fire Headquarters Charitable Organization Social Service Agency
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
Fest Properties LLC · 1 yrs held
Fest Properties LLC
since 2025
Last sale
$345,000
2 recorded transactions
Zoning & alternative use
C-1 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$558,000
Assessed 2023
Previous assessed
$558,000
+0.0% YoY
Assessed land
$293,000
Assessed improvement
$265,000
Land market value
$293,000
Improvement market value
$265,000
Total market value
$558,000
Applied tax rate
1.0000
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
4
Bathrooms
1
Total area
3,290 SF
Lot
0.79 ac (34,630 SF)
Zoning code
C-1
APN
100/06047-000-000
UPID
US25-0211043
Jurisdiction
POLK
Zoning & alternative use
C-1 · Des Moines, IA
Zoning C-1 · permitted uses
C-1 · 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
1965
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Fest Properties LLC
Entity
Free & Clear · 1 yrs held
Mailing address
5615 HICKMAN RD, DES MOINES, IA 50310-1119
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2025
$345,000
Fest Properties LLC
Heart Of The Hawkeye Council Of Cam
Warranty Deed
—
Oct 19, 2023
—
Camp Fire Heart Of Iowa
—
Deed
related
$180,000 · Bank Iowa
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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