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Financial
Distress signals
Property profile

515 28th St Des Moines, IA 50312

OFF-MARKET
Other investment properties
Property ID
US25-0379273
12,100 SF 0.32 ac lot Built 1925
Last sale Mar 2016 · $102,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property comprises approximately 12,000 square feet of flexible indoor and outdoor space configured for retail use, including a rooftop amenity and an outdoor patio area. Interior features include 16-foot ceilings, abundant natural light, preserved structural steel beams, and exposed brick wall finishes. The listing references additional outdoor space and also states a measurement of 8,742 square feet for the property area. The site provides more than 50 off-street parking stalls, with…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$8k
Tax billed · 2020
Assessed value · 2023$2.11M
Assessed land$147k
Assessed improvement$1.97M
Effective rate0.38%

Value estimate

· Oct 2026
$605k
$545k – $666k
AI approach$630k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
Submarket average, outlier-cleaned · 290 recorded sales of this use type
Observed band · Q1–Q3$62 – $162
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NPC
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store9.8
Pawn Shop8.9
Auto Repair Shop8.8

Location

515 28th St Des Moines, IA 50312-5259
County assessor Recorded deeds · 6 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2203 Grand, Des Moines, IA 50312-5305 $1,250,000 Jun 2025 10,563 SF
2708 Grand, Des Moines, IA 50312-5218 $500,000 Mar 2023 6,977 SF
3106 Ingersoll, Des Moines, IA 50312-3910 $589,000 Mar 2022 6,940 SF
2411 Grand, Des Moines, IA 50312-5343 $610,000 Jan 2021 8,004 SF
3716 Ingersoll, Des Moines, IA 50312-3440 $500,000 Sep 2020 8,527 SF
2143 Grand, Des Moines, IA 50312-5303 $1,265,000 Jun 2019 15,150 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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