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    4309 9Th St Des Moines, IA 50315

    Sponsored
    For Sale
    $530,000

    Two buildings, high ROI potential.

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents two adjacent buildings totaling 6,000 square feet situated on a 0.31-acre lot at 4309 & 4311 SW 9th Street in Des Moines, Iowa, zip code 50315. The property is zoned RX1 and offers a compelling chance to acquire a portfolio with significant upside. The buildings are separated by a shared driveway/alley and include 10 parking spaces. Building 4309 features two separately metered units with individual entrances. One unit currently has a tenant interested in renewing their lease under new ownership. Building 4311 will be vacant upon sale. Current rental income is below market value, presenting a strong potential for increased revenue and a cap rate approaching 10% with market-rate adjustments. This prime location on the SW 9th corridor offers excellent visibility and accessibility. This is an ideal opportunity for investors seeking immediate cash flow and long-term appreciation in a thriving Des Moines market. The asking price for this portfolio is $530,000.

    Property Features for 4309 9Th St

    General Information

    Property type
    Retail properties
    Square Feet
    6,000 SF
    Lot Size
    13,504 SF

    HighLights

    • Exceptional investment opportunity: Two adjacent buildings totaling 6,000 square feet on a 0.31‑acre lot in Des Moines, IA.
    • Zoned RX1, offering significant upside potential.
    • Ten parking spaces; shared driveway/alley between buildings.
    • Building 4309 features two separately metered units with individual entrances; one tenant interested in lease renewal.
    • Building 4311 vacant upon sale.
    • Below‑market rents offer strong potential for increased revenue and a cap rate approaching 10% with market‑rate adjustments.
    Property Profile Location Intelligence

    Current Use by Public Records

    Iowa United Professionals Labor Union United Electrical Radio ... Labor Union

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.625796243829
    Latitude
    41.544818781998

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    FAQs

    What type of property is this?
    Retail property - Two buildings, high ROI potential.
    Where is this retail property located?
    The property is located at 4309 9Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $530,000.
    What are key features of this property?
    This property features: Exceptional investment opportunity: Two adjacent buildings totaling 6,000 square feet on a 0.31-acre lot in Des Moines, IA.; Zoned RX1, offering significant upside potential.; Ten parking spaces; shared driveway/alley between buildings.
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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
    4309 9Th St Des Moines, IA 50315
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