Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5701 Park Ave Des Moines, IA 50321
    Back to Search
    Property profile & analytics

    5701 Park Ave, Des Moines, IA 50321

    View on Map
    • Warehouses
    • 515,200 SF
    • 26.06 lot acres
    For Lease
    $800,000
    View Listing →
    Commercial Space Available For Lease For Lease
    $800,000

    Commercial Space Available For Lease

    Commercial space available for lease at 5701 Park Ave.

    5701 Park Ave, Des Moines, IA 50321
    View Listing
    Property ID
    US25-0168411
    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
    $800,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Quality Manufacturing Corporation / Industrial Manufacturer / Production Facility
    • Jacobson Warehouse Company, Inc. / Warehouse & Storage

    Property Details for 5701 Park Ave

    Year built
    1958
    Construction
    STEEL FRAME
    Lot size
    26.06 lot acres
    Zone code
    M-1
    Property type
    Warehouses
    APN
    010/32514-476-004
    APU
    1032514476004

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $800,000
      ML approach
      $800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.696
    Latitude
    41.5573
    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
    2023
    $666,342
    $1,690,000
    $15,820,000
    $17,510,000
    -
    $1,690,000
    $15,820,000
    $17,510,000

    Comparable in this City

    • Value Estimation
      $4,955,000
      130,822 SF

      2301 Fleur Dr

      WAREHOUSE, STORAGE
      2301 Fleur Dr, Des Moines, IA 50321-1166
      View Details
    • Value Estimation
      $5,035,000
      100,800 SF

      3000 Gannett Ave

      WAREHOUSE, STORAGE
      3000 Gannett Ave, Des Moines, IA 50321-3108
      View Details
    • Value Estimation
      $14,980,000
      298,716 SF

      3440 Gannett Ave

      WAREHOUSE, STORAGE
      3440 Gannett Ave, Des Moines, IA 50321-3106
      View Details
    • Value Estimation by Request
      796 SF

      2251 George Flagg Pkwy

      WAREHOUSE, STORAGE
      2251 George Flagg Pkwy, Des Moines, IA 50321-1174
      View Details
    • Value Estimation by Request
      4,514 SF

      4024 Fleur Dr

      WAREHOUSE, STORAGE
      4024 Fleur Dr, Des Moines, IA 50321-2322
      View Details
    • Value Estimation
      $810,000
      73,000 SF

      7400 22nd St

      WAREHOUSE, STORAGE
      7400 22nd St, Des Moines, IA 50321-1542
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Warehouse Condo Near Airport

      3,000 SF warehouse condo with desirable features for sale.
      7640 SW 22Nd St, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Industrial Warehouse with Three Docks

      5,400 SF industrial warehouse with convenient access to transportation routes.
      2611 Sunset Rd, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Commercial Land Available

      Land available in Airport Business Park, Des Moines.
      3701 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Airport Business Park

      Land available in expanding warehouse and industrial corridor.
      3450 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Commercial Land Available

      Land available in Airport Business Park, Des Moines, Iowa.
      3550 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Commercial Land Available

      Land available in Airport Business Park, Des Moines, Iowa.
      3700 Gannett Ave, Des Moines, IA 50321
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,000 SF

      Industrial Space Available For Lease

      6,000 SF industrial space available for lease.
      5020-5034 Park Ave, Des Moines, IA 50321
      View Details
    • $5 SF/Yr
      28,666 SF

      Office/Warehouse Space Near Airport

      High-functioning office/warehouse space with connectivity to Central Iowa.
      3127 Southwest 61St St, Des Moines, IA 50321
      View Details
    • $10 SF/Yr
      4,847 SF

      Former Fitness Center on Fleur

      Former fitness center available for lease in Wakonda Shopping Center.
      4301 Fleur Dr, Des Moines, IA 50321
      View Details
    • $15 SF/Yr
      5,793 SF

      Retail Space Near Des Moines Airport

      Well-maintained retail space near Des Moines International Airport.
      4210-4214 Fleur Dr, Des Moines, IA 50321
      View Details
    • Contact for pricing
      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

      Commercial Space Available For Lease

      Commercial space available for lease at 5701 Park Ave.
      5701 Park Ave, Des Moines, IA 50321
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5701 Park Ave
    Des Moines, IA 50321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5701 Park Ave, Des Moines, IA, 50321
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!