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    5701 Fleur Dr Des Moines, IA 50321-2843
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    Property profile & analytics

    5701 Fleur Dr Des Moines, IA 50321-2843

    View on Map
    • Investment properties
    • 3,008 SF
    • 0.53 lot acres
    Off-Market
    Property ID
    US25-0026636
    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

    • House Of Glass / (Bike/Boat/Book/etc) Store

    Property Details for 5701 Fleur Dr

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    0.53 lot acres
    Property size
    3,008 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    120/01470-000-000
    APU
    12001470000000

    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
    41.5323
    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
    $14,518
    $221,000
    $306,000
    $527,000
    -
    $221,000
    $306,000
    $527,000

    Comparable in this City

    • Value Estimation
      $3,695,000
      43,888 SF

      7000 Fleur Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 43,888 SF
      7000 Fleur Dr, Des Moines, IA 50321-4704
      View Details
    • Value Estimation
      $1,995,000
      24,282 SF

      2600 Bell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 24,282 SF
      2600 Bell Ave, Des Moines, IA 50321-1121
      View Details
    • Value Estimation
      $3,120,000
      37,970 SF

      2403 Bell Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 37,970 SF
      2403 Bell Ave, Des Moines, IA 50321-1116
      View Details
    • Value Estimation by Request
      34,356 SF

      2580 Fleur Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 34,356 SF
      2580 Fleur Dr, Des Moines, IA 50321-1106
      View Details
    • Value Estimation
      $525,000
      9,743 SF

      2216 George Flagg Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 9,743 SF
      2216 George Flagg Pkwy, Des Moines, IA 50321-1151
      View Details
    • Value Estimation by Request
      3,632 SF

      4720 26th St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,632 SF
      4720 26th St, Des Moines, IA 50321-2818
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Warehouse with Three Docks

      5,400 SF industrial warehouse with convenient access to transportation routes.
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      53.80 Acres

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      Des Moines Airport Business Park

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      Des Moines Airport Business Park

      Land for office, warehouse, flex space, and light manufacturing.
      3701 Gannett Ave, Des Moines, IA 50321
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    • $11,250,000
      143,832 SF

      Fleur Drive Industrial Property

      Industrial property for sale on Fleur Drive near Gray's Lake.
      2301 Fleur Dr, Des Moines, IA 50321
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    • $2,900,000
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      Des Moines Office Building For Sale

      Professional office space with great views and easy airport access.
      2100 Fleur Dr, Des Moines, IA 50321
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    Similar Nearby for Lease

    • Contact for pricing

      Commercial Space Available For Lease

      Commercial space available for lease at 5701 Park Ave.
      5701 Park Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      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
      View Details
    • Contact for pricing

      Des Moines Industrial Flex Space

      Industrial flex space available for rent in Des Moines, Iowa.
      5034 Park Ave, Des Moines, IA 50321
      View Details
    • $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
      View Details
    • 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 50321-2843
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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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