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    6200 Southeast 14Th St Des Moines, IA 50320
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    6200 Southeast 14Th St Des Moines, IA 50320

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    • Retail space
    • 14,476 SF
    • 2.25 lot acres
    For Sale
    $3,150,000
    View Listing →
    Retail Property in Des Moines For Sale
    $3,150,000
    14,560 SF

    Retail Property in Des Moines

    Single-tenant retail property operating as a Walgreens.

    6200 Southeast 14th Street, Des Moines, IA 50320
    View Listing
    Property ID
    US25-2564639
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • United States Government / Government
    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • Walgreens / Pharmacy
    • Walgreens Pharmacy / Pharmacy
    • COVID-19 Drive-thru Testing at Walgreens / Pharmacy

    Property Details for 6200 Southeast 14Th St

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    2.25 lot acres
    Property size
    14,476 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    120/07211-003-006
    APU
    12007211003006

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,345,000
      6.5%
      $2,165,000
      7%
      $2,010,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,225,000
      Market price range: $544k - $1.23M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,680,000
      Current use
      AUTO REPAIR, GARAGE
      $2,495,000
      Change: +48% Conversion: Difficult
      MEDICAL BUILDING
      $2,410,000
      Change: +43% Conversion: Difficult
      RESTAURANT
      $2,235,000
      Change: +33% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,130,000
      Change: +27% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,485,000
      Change: -12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5979
    Latitude
    41.5286
    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
    $77,302
    $622,000
    $1,728,000
    $2,350,000
    -
    $622,000
    $1,728,000
    $2,350,000

    Comparable in this City

    • Value Estimation by Request
      200 SF

      6155 14th St

      RETAIL STORES (PERSONAL SERVICES) • 200 SF
      6155 14th St, Des Moines, IA 50320-1718
      View Details
    • Value Estimation
      $775,000
      6,626 SF

      4801 14th St

      RETAIL STORES (PERSONAL SERVICES) • 6,626 SF
      4801 14th St, Des Moines, IA 50320-1603
      View Details
    • Value Estimation by Request
      11,040 SF

      2814 14th St

      RETAIL STORES (PERSONAL SERVICES) • 11,040 SF
      2814 14th St, Des Moines, IA 50320-1118
      View Details
    • Value Estimation
      $690,000
      7,816 SF

      2511 14th St

      RETAIL STORES (PERSONAL SERVICES) • 7,816 SF
      2511 14th St, Des Moines, IA 50320-1113
      View Details
    • Value Estimation by Request
      3,290 SF

      1415 Pleasant Vw Dr

      RETAIL STORES (PERSONAL SERVICES) • 3,290 SF
      1415 Pleasant Vw Dr, Des Moines, IA 50320-1312
      View Details
    • Value Estimation
      $15,320,000
      231,168 SF

      5211 14th St

      RETAIL STORES (PERSONAL SERVICES) • 231,168 SF
      5211 14th St, Des Moines, IA 50320-1615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,716 SF

      Retail Property in Des Moines

      Retail property available for sale in Des Moines, Iowa.
      4800 SE 14Th St, Des Moines, IA 50320
      View Details
    • $3,150,000
      14,560 SF

      Retail Property in Des Moines

      Single-tenant retail property operating as a Walgreens.
      6200 Southeast 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing

      Development Site on E 14th

      1.364 acre development site on the NW corner.
      3806 E 14Th St, Des Moines, IA 50320
      View Details
    • $300,000
      1.92 Acres

      Des Moines Development Opportunity

      1.92 acres of land zoned RX1 in Des Moines.
      3101 SE 22Nd St, Des Moines, IA 50320
      View Details
    • Contact for pricing

      Des Moines Commercial Land Available

      2.758 acre lot near airport and Hwy 5.
      7000 SW 22Nd St, Des Moines, IA 50320
      View Details
    • Contact for pricing

      Commercial Land on Watrous Avenue

      Commercial land available with high traffic counts and tax abatement.
      6000 Watrous Ave, Des Moines, IA 50320
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      New Retail Space Available

      New construction retail space in a high-traffic location.
      3727 SE 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing
      2,877 SF

      Retail Space Near I-35/80

      2,877 SF retail space adjoining QuikTrip, drive-up ready.
      4801 NE 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space on SE 14th

      Highly visible retail space in revitalized corridor, flexible options.
      6201-6221 SE 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing

      Retail Space with Individual Suites

      Retail space featuring reception, restroom, storage, and 24 individual suites.
      4930 SE 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing

      Modern Retail Space For Rent

      Modern retail space in a newly constructed building for rent.
      3727 Southeast 14Th St, Des Moines, IA 50320
      View Details
    • $15 SF/Yr
      6,650 SF

      High Visibility Retail/Office Space

      Retail or medical office space in a high-traffic location.
      6201 Southeast 14Th St, Des Moines, IA 50320
      View Details
    View Listing
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    Des Moines, IA 50320
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    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
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