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    7404 SW 37Th St Des Moines, IA 50321
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    7404 SW 37Th St Des Moines, IA 50321

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    • Commercial land
    For Sale
    $1,115,136
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    Des Moines Airport Business Park For Sale
    $1,115,136

    Des Moines Airport Business Park

    Land lots available in expanding warehouse and industrial corridor.

    7404 SW 37th St, Des Moines, IA 50321
    View Listing
    Property ID
    US25-0280660
    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

    • Commercial land

    Property Details for 7404 SW 37Th St

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Airport Business Park is located just south of the Des Moines airport on Highway 5. There are several lots available from 3-7 acres, some of which can be combined. Airport Business Park is zoned as a Planned Business Park that ensures that all development in the park meets the same standard of quality. Permitted uses include: office, warehouse, flex space, research and development, light manufacturing, and support commercial. The available sites are accessible from Army Post Road and Highway 5. Airport Business Park is in an expanding corridor of warehouse and industrial users, including Gannet Publishing, Katecho Industries, and Atlantic Bottling Company (Coca-Cola). Tax Abatement is available for qualifying construction in the Park, and the Park is included in the Airport Development Urban Renewal Plan.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6678769
    Latitude
    41.5187741

    Comparable in this City

    • Contact for pricing

      Des Moines Land for Sale

      Nearly 100 acres of land near Des Moines Airport.
      2900 Gannett Ave, Des Moines, IA 50321
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      Des Moines Airport Business Park

      Land for office, warehouse, flex space, and light manufacturing.
      3450 Gannett Ave, Des Moines, IA 50321
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      Des Moines Airport Business Park

      Land available in expanding warehouse and industrial corridor.
      3700 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Land For Sale

      0.311 acre commercial land near downtown and airport.
      4510 Fleur Dr, Des Moines, IA 50321
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    • Contact for pricing

      Des Moines Land for Sale

      Nearly 100 acres of land near Des Moines Airport.
      2700 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Airport Business Park

      Land lots available near Des Moines airport on Highway 5.
      7601 SW 33Rd St, Des Moines, IA 50321
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Des Moines Land for Sale

      Nearly 100 acres of land near Des Moines Airport.
      2900 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Airport Business Park

      Land for office, warehouse, flex space, and light manufacturing.
      3450 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Airport Business Park

      Land available in expanding warehouse and industrial corridor.
      3700 Gannett Ave, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Land For Sale

      0.311 acre commercial land near downtown and airport.
      4510 Fleur Dr, Des Moines, IA 50321
      View Details
    • Contact for pricing

      Des Moines Land for Sale

      Nearly 100 acres of land near Des Moines Airport.
      2700 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

    Similar Nearby for Lease

    • Contact for pricing

      Retail Building on Fleur Drive

      Freestanding retail building for lease, near Fareway Grocery.
      4024 Fleur Dr, 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
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      Commercial Space Available For Lease

      Commercial space available for lease at 5701 Park Ave.
      5701 Park Ave, Des Moines, IA 50321
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      Plug and Play Call Center

      150-seat call center available for lease near Des Moines airport.
      3600 Army Post Rd, Des Moines, IA 50321
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    • $15 SF/Yr
      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
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    • Contact for pricing

      Office Space Available For Lease

      Office property available for lease.
      2620 Fleur Dr, Des Moines, IA 50321
      View Details
    View Listing
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    7404 SW 37Th St
    Des Moines, IA 50321
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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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