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Property profile & analytics
FOR LEASE
Warehouses

5701 Park Ave Des Moines, IA 50321

515,200 SF 26.06 ac lot Built 1958
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US25-0168411
Property summary
AI-generated overview

This exceptional industrial property, located at 5701 Park Ave in Des Moines, Iowa, offers a significant opportunity for businesses seeking warehouse space. The property consists of two buildings totaling 221,000 square feet, currently entirely vacant and ready for immediate occupancy. The flexible layout allows for multiple tenancy options, with spaces ranging from a minimum of 40,000 square feet to a maximum contiguous space of 161,000 square feet. This provides considerable adaptability for various business needs and scales. The property is zoned EX - EX Mixed Use within Polk County, offering potential for diverse operational uses. The precise location in Des Moines, Iowa, zip code 50321 (41.5572222, -93.6962386), provides excellent access to transportation networks and logistical advantages for efficient distribution and operations. With its substantial size and versatile configuration, this property presents a rare opportunity for businesses seeking a prominent presence in the Des Moines industrial market. The entire 221,000 square feet is available for lease. Contact us today to learn more about this exceptional opportunity.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1958
Construction STEEL FRAME
Total area 515,200 SF
Lot 26.06 ac (1,135,049 SF)
Zoning code M-1
APN 010/32514-476-004
UPID US25-0168411
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
  • Quality Manufacturing Corporation Industrial Manufacturer Production Facility
  • Jacobson Warehouse Company, Inc. Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$800k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$800k
Owner & transaction history
5701 Park Partners LLC · 2 yrs held
5701 Park Partners LLC
since 2024
Last sale
$800,000
7 recorded transactions
2024
$800,000
2021
$26.2M
2019
Price N/A
2004
$1.6M
2004
$3.1M
1969
Price N/A
1969
Price N/A
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?”
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