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    Property profile & analytics

    79 University Ave Des Moines, IA 50314-3119

    • Warehouses
    • 10,614 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimation
    $820,000
    Last Sale
    Dec 01, 2022
    $875,000
    Location Intelligence
    Property ID
    US25-2570496
    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.

    Current Use by Public Records

    • In The Bag Corporate Cuisine / Caterer
    • Clean & Clear / Air Conditioning Contractor / Plumber
    • Nourish Mobile Grocery / Grocery Store

    Property Details for 79 University Ave

    Year built
    1987
    Construction
    STEEL FRAME
    Lot size
    0.94 lot acres
    Property size
    10,614 SF
    Zone code
    M-1
    Property type
    Warehouses
    APN
    080/01040-001-000
    APU
    8001040001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $790,000

    • CAP approach

      CAP return
      Estimation
      6%
      $805,000
      6.5%
      $775,000
      7%
      $920,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $885,000
      Geo Method
      $885,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $760,000
      Retail
      $970,000
      Mixed-Use
      $820,000
      Hospitality
      $985,000
      Educational
      $970,000
      Residential Income
      $985,000
      Energy
      $755,000
      Income-Based Land
      $780,000
      Food Service
      $855,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6169
    Latitude
    41.6009
    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
    $30,650
    $174,000
    $701,000
    $875,000
    -
    $174,000
    $701,000
    $875,000

    Comparable in this City

    • Value Estimation by Request
      14,494 SF

      70 College Ave

      WAREHOUSE, STORAGE • 14,494 SF
      70 College Ave, Des Moines, IA 50314-3526
      View Details
    • Value Estimation
      $660,000
      10,950 SF

      1549 Vermont St

      WAREHOUSE, STORAGE • 10,950 SF
      1549 Vermont St, Des Moines, IA 50314-3523
      View Details
    • Value Estimation
      $850,000
      38,400 SF

      1711 2nd Ave

      WAREHOUSE, STORAGE • 38,400 SF
      1711 2nd Ave, Des Moines, IA 50314-3604
      View Details
    • Value Estimation
      $235,000
      5,548 SF

      1702 Keosauqua Way

      WAREHOUSE, STORAGE • 5,548 SF
      1702 Keosauqua Way, Des Moines, IA 50314-1834
      View Details
    • Value Estimation
      $370,000
      7,750 SF

      1541 Michigan St

      WAREHOUSE, STORAGE • 7,750 SF
      1541 Michigan St, Des Moines, IA 50314-3517
      View Details
    • Value Estimation
      $380,000
      2,160 SF

      1537 Michigan St

      WAREHOUSE, STORAGE • 2,160 SF
      1537 Michigan St, Des Moines, IA 50314-3517
      View Details

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    • Contact for pricing
      Pending

      Des Moines Land For Sale

      Land available in Des Moines, Iowa.
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    Similar Nearby for Lease

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      Des Moines Flex Space Available

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    • $10 SF/Yr
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      Warehouse Space Available For Lease

      4,200 SF warehouse with office space and dock-high doors.
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      View Details
    • $9 SF/Yr
      7,920 SF

      Central Des Moines Retail Flex

      Versatile retail flex building in Des Moines' Central Business District.
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    • $16 SF/Yr
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      Downtown Des Moines Office Space

      Office space for rent in historic Insurance Exchange Building.
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    • $22 SF/Yr
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      Renovated Office Building in Sherman Hills

      Historically renovated office building suitable for office or medical use.
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    • $12 SF/Yr
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      Des Moines Office Space Available

      Office space available for lease in Des Moines, Iowa.
      Beaver Ave, Des Moines, IA 50314
      View Details
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    79 University Ave
    Des Moines, IA 50314-3119
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    Realmo Value Estimation

    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.

    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.

    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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