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Property profile & analytics
OFF-MARKET
Estimated value
$5,330,000
Manufacturing properties
Des Moines, IA 50313
Entity Owned
Absentee Owner
Free & Clear
Property ID
US25-0692663
Property profile
Verified
Property type
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Year built
1981
Construction
STEEL FRAME
Total area
59,958 SF
Lot
9.64 ac (419,918 SF)
Zoning code
M-2
APN
110/06598-000-000
UPID
US25-0692663
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.78M
Comparable Approach
Comparable
$6.44M
Blend (final)
Blend
$5.33M
Owner & transaction history
ARCHERDANIELSMIDLAND COMPANY
ARCHERDANIELSMIDLAND COMPANY
Zoning & alternative use
M-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.8M
+102.8%
Retail stores
$7.0M
+59.9%
Warehouse, storage
$6.5M
+49.2%
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%
$4,095,000
6.5%
$3,780,000
7%
$3,510,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,355,000
Current use
APARTMENT HOUSE (5+ UNITS)
$8,830,000
Change: +103% · Conversion: Difficult
RETAIL STORES
$6,965,000
Change: +60% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,495,000
Change: +49% · Conversion: Easy
COMMERCIAL (GENERAL)
$6,220,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$5.33M
Range $4.80M – $5.86M · ±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
$89 / 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
$309,942
Tax year 2023
Assessed value
$8,140,000
Assessed 2024
Previous assessed
$8,140,000
+0.0% YoY
Effective rate
3.81%
On assessed value
Assessed land
$424,000
Assessed improvement
$7,716,000
Land market value
$424,000
Improvement market value
$7,716,000
Total market value
$8,140,000
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
Manufacturing properties
Use group
FACTORY (MANUFACTURING)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
YES
Buildings
4
Stories
4
Rooms
8
Bathrooms
2
Total area
59,958 SF
Lot
9.64 ac (419,918 SF)
Zoning code
M-2
APN
110/06598-000-000
UPID
US25-0692663
Jurisdiction
POLK
Zoning & alternative use
M-2 · Des Moines, IAZoning M-2 · permitted uses
M-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
INDUSTRIAL (GENERAL) Current
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.8M
RETAIL STORES
Est. value
$7.0M
WAREHOUSE, STORAGE
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$6.2M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1981
Construction
STEEL FRAME
Heating
YES
Stories
4
Buildings
4
Rooms
8
Bathrooms
2
Lot
9.64 ac
Current owner
From public records · entity-resolved
ARCHERDANIELSMIDLAND COMPANY
Entity
Free & Clear · 0 yrs held
Mailing address
5555 PIONEER PKWY, JOHNSTON, IA 50131-1882
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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