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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    900 56th St Des Moines, IA 50312-1806

    • Assisted living facilities
    • 9,470 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimations
    $155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0361199
    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

    • EveryStep Kavanagh House / Hospice
    • Kavanagh House: Railsback Linda MD / Doctor

    Property Details for 900 56th St

    Year built
    1993
    Construction
    FRAME
    Lot size
    2.50 lot acres
    Property size
    9,470 SF
    Zone code
    R1-80
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    090/00051-000-000
    APU
    9000051000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $155,000

    • Alternative Use

      Use
      Estimation
      HOMES (RETIRED, HANDICAP, REST, CONVALESCENT, NURSING)
      $245,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6945
    Latitude
    41.5936
    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
    $0.00
    $461,000
    $3,069,000
    $3,530,000
    -
    $461,000
    $3,069,000
    $3,530,000

    Comparable in this City

    • Value Estimation
      $620,000
      78,390 SF

      900 Polk Blvd

      HOMES (RETIRED, NURSING) • 78,390 SF
      900 Polk Blvd, Des Moines, IA 50312-2225
      View Details
    • Value Estimation
      $240,000
      10,110 SF

      940 Cummins Pkwy

      HOMES (RETIRED, NURSING) • 10,110 SF
      940 Cummins Pkwy, Des Moines, IA 50312-1100
      View Details
    • Value Estimation
      $425,000
      12,284 SF

      2103 Ingersoll Ave

      MEDICAL BUILDING • 12,284 SF
      2103 Ingersoll Ave, Des Moines, IA 50312-5227
      View Details
    • Value Estimation
      $395,000
      2,595 SF

      3830 Ingersoll Ave

      MEDICAL BUILDING • 2,595 SF
      3830 Ingersoll Ave, Des Moines, IA 50312-3413
      View Details
    • Value Estimation
      $305,000
      2,315 SF

      531 40th St

      MEDICAL BUILDING • 2,315 SF
      531 40th St, Des Moines, IA 50312-3503
      View Details
    • Value Estimation
      $215,000
      2,976 SF

      520 39th St

      MEDICAL BUILDING • 2,976 SF
      520 39th St, Des Moines, IA 50312-3502
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,296 SF

      Ingersoll Avenue Retail/Office Space

      Flexible space in walkable, high-traffic area near downtown.
      2940 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • Contact for pricing
      2,460 SF

      Ingersoll Avenue Office/Retail Space

      Near west side office/retail space along trendy Ingersoll Avenue.
      2903 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $580,219

      Des Moines Land for Sale

      Nearly 100 acres of land near Des Moines Airport.
      2701 SW 28Th St, Des Moines, IA 50312
      View Details
    • Contact for pricing
      7,184 SF

      Ingersoll Avenue Office/Retail Building

      Three-story office/retail building with 2,000 SF available.
      3706 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $2,350,000
      30,000 SF

      Grand Avenue Office Building Investment

      Des Moines Office Building - Value-Add Opportunity
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      View Details
    • Contact for pricing
      119,039 SF

      Windsor Terrace Apartments: Des Moines

      136-unit apartment building, prime location
      3333 Grand Ave, Des Moines, IA 50312
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      11,920 SF

      Des Moines Office Space for Lease

      Prime Des Moines office, flexible suites available.
      2501 Grand Ave, Des Moines, IA 50312
      View Details
    • $11 SF/Yr
      28,238 SF

      Terrace Center Office Space Available

      Class A Office, Des Moines, Ample Parking
      2700 Grand Ave, Des Moines, IA 50312
      View Details
    • $20 SF/Yr
      4,974 SF

      Ingersoll Avenue Standalone Building

      Standalone building on Ingersoll Avenue, ideal for office or retail.
      3714 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $20 SF/Yr
      90,223 SF

      Grand Avenue Office Building

      Five-story office building in DMU32 Health and Business Complex.
      3440 Grand Ave, Des Moines, IA 50312
      View Details
    • $34 SF/Yr
      9,560 SF

      Ingersoll Avenue Retail Space

      Versatile ground level retail space in a modern, sustainable building.
      3404-3422 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $10 SF/Yr
      51,058 SF

      Des Moines Executive Office Suites

      Class A Office Space, Des Moines, IA
      2600 Grand Ave, Des Moines, IA 50312
      View Details
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    900 56th St
    Des Moines, IA 50312-1806
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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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