5900 14th St Des Moines, IA 50320-1761
Property profile & analytics
5900 14th St Des Moines, IA 50320-1761
- Retail space
- 19,580 SF
- 1.42 lot acres
Property ID
US25-0372766
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.
Location Intelligence
Current Use by Public Records
- Penas Boxing / Gym & Fitness Center / Sports School
- Deep Supermarket / Specialty Food Shop / Supermarket
Property Details for 5900 14th St
- Year built
- 2010
- Construction
- STEEL FRAME
- Lot size
- 1.42 lot acres
- Property size
- 19,580 SF
- Zone code
- C-2
- Property type
- Retail space
- APN
- 120/00156-007-002
- APU
- 12000156007002
Description
This exceptional Des Moines retail investment opportunity presents a portfolio of three buildings totaling 31,700 square feet on a 1.424-acre lot at a high-traffic corner. The property, built in 1961 and renovated in 2010, boasts a strong 89% occupancy rate with six tenants, including a bank, convenience store, and gas station. The current Net Operating Income (NOI) is $113,091, yielding an attractive 8.54% cap rate. The asking price is $1,325,000. The property features 49 parking spaces and is zoned MX3-V. With below-market rental rates and short-term leases on several units, this presents a significant value-add opportunity for an investor to increase rental income and/or redevelop the site. The property includes a 3,200 square foot vacant space available for lease at $9.00 per square foot (Modified Gross). Average rents across the portfolio are currently $7.62 per square foot (Modified Gross). Recent improvements include new HVAC and electrical systems in the retail spaces and a new roof on one building. The location benefits from high visibility on a major thoroughfare with 29,000 vehicles passing daily, and is surrounded by numerous national retailers including Menards, Napa Auto Parts, Kum & Go, Culvers, Starbucks, Walmart, and Home Depot. The property's net rentable square footage is 29,058 square feet. This is a prime redevelopment or value-add opportunity in a thriving Des Moines location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $535,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $735,000
Market price range: $735k - $1.66M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.5974
- Latitude
- 41.5322
- 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
$36,166
$394,000
$636,550
$1,030,550
-
$394,000
$636,550
$1,030,550
