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5701 Park Ave, Des Moines, IA 50321
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Property summary
AI-generated overview
This property consists of industrial land located at 5701 Park Ave and is presented as two parcels: Parcel 1 with 10.00 acres and Parcel 2 with 13.25 acres. The site is configured to support industrial development and includes conceptually outlined options for a build-to-suit or leased facility at the same address, with a proposed Building 1 in the 40,000 to 60,000 square-foot range and availability for outdoor storage, as well as a proposed Building 2 totaling approximately 160,000 square feet. Vehicular access is described as oriented toward Park Avenue, with proximity to Hwy 5/65, Interstate 235, and Des Moines International Airport.
Property profile
Verified
Property type
Other 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
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Warehouse & Storage
Location
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
since 2024
Last sale
$800,000
7 recorded transactions
Zoning & alternative use
M-1 · Des Moines, IA
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$800k
Value range
$720k – $880k
±10% around blend
Estimated value / SF
$2 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$720k
blend $800k
$880k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
515,200 SF
Lot area
26.06 ac
Year built
1958
Stories
1
APN
010/32514-476-004
Zoning
M-1
Assessed value
$17,510,000
Annual tax
$666,342
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$800k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 123 sales
$92
-98%
County 215 sales
$85
-98%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $2/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$800k
Move the market yield to see immediate price impact.
Value / SF
$2
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$50k
$1.01M
$720k
$560k
$56k
$1.12M
$800k
$622k
$62k
$1.23M
$880k
$684k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$666,342
Tax year 2023
Assessed value
$17,510,000
Assessed 2024
Previous assessed
$18,300,000
-4.3% YoY
Effective rate
3.81%
On assessed value
Assessed land
$1,690,000
Assessed improvement
$15,820,000
Land market value
$1,690,000
Improvement market value
$15,820,000
Total market value
$17,510,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1958
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
3
Stories
1
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
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IAZoning M-1 · permitted uses
M-1 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1958
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
3
Lot
26.06 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1
Jurisdiction
Des Moines, IA
Recorded code
M-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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