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Property summary
This exceptional commercial property at 516 3rd Street in Des Moines, Iowa, offers a fantastic opportunity for businesses seeking flexible office space. Located in Polk County, this two-story building boasts a total of 5,505 square feet, currently entirely vacant and ready for immediate occupancy. The property is situated on a generous 1.22-acre lot, providing ample space and potential for future expansion. The building is classified as Retail, Office, and Restaurant, making it suitable for… a variety of uses. Currently configured as traditional office space, it offers multiple tenancy options with a minimum divisible space of 1,118 square feet and a maximum contiguous space of 4,387 square feet. This allows for businesses of various sizes to find a suitable fit. The property's address is 516 3rd Street, Des Moines, IA 50309. Its prime location in Des Moines offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish a strong presence in the area. The entire 5,505 square feet is available for lease, presenting a unique chance to secure a substantial and versatile commercial space in a thriving Iowa market. Contact us today to learn more about this exciting opportunity.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2020
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 13 properties nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 14,340 SF
- Lot area
- 0.19 ac
- Year built
- 1993
- Stories
- 2
- APN
- 030/00251-000-000
- Zoning
- C-3
- Assessed value · 2023
- $372,100
- Annual tax · 2020
- $12,002
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
and get 1 Light Report
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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