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Property profile & analytics
OFF-MARKET
Estimated value
$5,020,000
Warehouses
6000 Aurora Ave Des Moines, IA 50322-2833
Entity Owned
17-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0042296
Property summary
AI-generated overview
This exceptional Des Moines industrial flex space, located at 6000 Aurora Avenue, offers 63,385 square feet of immediately available space. The property, built in 1986, features a desirable flex/warehouse distribution layout ideal for a variety of uses. High ceilings, ranging from 26 to 27 feet, provide ample vertical space for storage and operations. The building boasts excellent loading capabilities with four loading docks and five drive-in doors, ensuring efficient material handling. Situated in Polk County, Iowa, with a convenient Des Moines address and zip code 50322, this property offers easy access to major transportation routes. The space is currently available for multiple tenants. This is a rare opportunity to secure a substantial industrial space in a prime Des Moines location. The property's size and features make it suitable for businesses requiring significant storage, distribution, or light manufacturing capabilities. The building's strategic location within Polk County provides access to a robust workforce and established infrastructure. Contact us today to learn more about this exceptional opportunity.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1986
Construction
STEEL FRAME
Total area
99,700 SF
Lot
5.02 ac (218,663 SF)
Zoning code
C-2
APN
100/09472-010-010
UPID
US25-0042296
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
-
Community Support Advocates Social Service Agency Charitable Organization
-
TriMark Hockenbergs Foodservice Equipment & Supply Big Box & Wholesale Store
-
David Higdon Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.54M
Blend (final)
Blend
$5.02M
Owner & transaction history
6000 Aurora LLC · 17 yrs held
6000 Aurora LLC
since 2009
4 recorded transactions
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,975,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$5.02M
Range $4.52M – $5.52M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$50 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$156,916
Tax year 2023
Assessed value
$4,180,000
Assessed 2024
Previous assessed
$4,180,000
+0.0% YoY
Effective rate
3.75%
On assessed value
Assessed land
$2,330,000
Assessed improvement
$1,850,000
Land market value
$2,330,000
Improvement market value
$1,850,000
Total market value
$4,180,000
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Total area
99,700 SF
Lot
5.02 ac (218,663 SF)
Zoning code
C-2
APN
100/09472-010-010
UPID
US25-0042296
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IAZoning C-2 · permitted uses
C-2 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Lot
5.02 ac
Current owner
From public records · entity-resolved
6000 Aurora LLC
Entity
Mailing address
3737 WOODLAND AVE STE #100, WEST DES MOINES, IA 50266-1937
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 21, 2012
—
6000 Aurora LLC
—
Deed Of Trust
related
$3,040,000 · Ames Community Bank
Mar 2, 2009
$1,400,000
6000 Aurora LLC
Sa Group Properties INC
Grant Deed
$1,190,000 · First American Bank
Sep 2, 2008
—
Sa Group Properties INC
Walters,david W & Jody M
Quit Claim Deed
related
—
—
—
6000 Aurora LLC
—
Deed Of Trust
related
$1,703,850 · First American Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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