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Financial
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Property profile

1801 2Nd Ave Des Moines, IA 50314

FOR SALE
Other warehouses
Property ID
US25-0205429
8,700 SF 1.19 ac lot Built 1989
Last sale Feb 2023 · $22,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A 15,034-square-foot standalone office/warehouse building on a 1.18-acre lot, located on the 2nd Avenue corridor in Des Moines, Iowa, north of I-235. The site provides off-street parking and is positioned along 2nd Ave. The building, constructed in 1989, includes both a 10x12 drive-in door and an 8x10 dock-high door. The property’s frontage and location align with the City of Des Moines’ 2nd Avenue Reconstruction project, which calls for widened lanes, new infrastructure, and improved turn-lane…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$41k
Tax billed · 2023
Assessed value · 2024$1.14M
Assessed land$164k
Assessed improvement$976k
Effective rate3.58%

Value estimate

· Oct 2026
$890k
$801k – $979k
Submarket $/SF estimate$1.17M
NOI build-up
Gross scheduled income$330k
Vacancy & credit loss−$66k
Operating expenses−$66k
NOI · 11.00% cap applied$198k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$56 – $135
Qualifying comparables6

Cap rate analysis

How does the asset earn?
11.00%
$198k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
M-1
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.0
Law Firm23.8
Dental Office22.0

Location

1801 2Nd Ave Des Moines, IA 50314
County assessor Recorded deeds · 1 transfer 6 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 · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1823 Ohio, Des Moines, IA 50314-3638 $1,200,000 Dec 2022 9,952 SF
79 University, Des Moines, IA 50314-3119 $875,000 Dec 2022 10,614 SF
28 Clark, Des Moines, IA 50314-3501 $950,000 Oct 2022 12,480 SF
1444 Illinois, Des Moines, IA 50314-3510 $1,088,000 Jul 2022 10,800 SF
1549 Vermont, Des Moines, IA 50314-3523 $700,000 May 2022 10,950 SF
111 Jefferson, Des Moines, IA 50314-3628 $43,500 Jun 2019 9,010 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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