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Property profile & analytics
OFF-MARKET
Office Spaces

615 3Rd St Des Moines, IA 50309

48,970 SF
Property ID
Property summary
AI-generated overview

This three-story, 48,970 square foot office building at 615 3rd Street in Des Moines, Iowa, offers a variety of flexible workspace options. The property is ideally suited for businesses seeking executive office space, coworking arrangements, or creative office environments. Multiple tenancies are available, with spaces ranging from a minimum of 400 square feet to a maximum contiguous space of 11,766 square feet. Currently, 19,422 square feet of space is vacant and ready for immediate occupancy. The building's location provides exceptional convenience and accessibility. It's within walking distance of the Wells Fargo Arena and the Hilton Des Moines Downtown, offering employees easy access to entertainment and hospitality. Furthermore, its proximity to Interstate 235 ensures effortless commuting for employees and clients. This mixed-use building in Polk County, zip code 50309, presents a unique opportunity for businesses to establish a thriving presence in the heart of Des Moines. The building's diverse suite sizes cater to a wide range of business needs and growth plans. This location offers a blend of urban convenience and accessibility, making it an attractive option for companies seeking a dynamic and vibrant work environment.

Property profile
Verified
Property type Office Spaces
Total area 48,970 SF
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
Current use
Occupant on record · Public records
  • Buzzard Billy’s Restaurant
  • ATM Atm
  • Baratta's Catering Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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