Financial
Distress signals
Property profile

3600 Army Post Rd 200 Des Moines, IA 50321

FOR LEASE
Other investment properties
Property ID
US25-0439158
397,938 SF 27.97 ac lot Built 2002
Last sale Dec 2020 · $31,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 20,000 square foot commercial space configured for use as a call center. The interior layout includes seating for approximately 150 occupants, 16 private offices, a large training/conference room, and a break area/lounge. The space is set up with in-place furniture and operates as a turnkey, ready-to-use environment for office-based customer service and training functions. Access is provided via Fleur Drive and Highway 5.

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.

Mortgages

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 · 2020

What does the county charge?
$729k
Tax billed · 2020
Assessed value · 2023$34.70M
Assessed land$2.38M
Assessed improvement$32.32M
Effective rate2.10%

Value estimate

· Sep 2026
$34.10M
$30.69M – $37.51M
Submarket $/SF estimate$32.29M
NOI build-up
Gross scheduled income$439k
Vacancy & credit loss−$88k
Operating expenses−$88k
NOI · 1,756,800.00% cap applied$264k

Realmo valuation models over county records.

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

Cap rate analysis

How does the asset earn?
1,756,800.00%
$264k 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?
PUD
The PUD Legacy District is a zoning classification that is no longer accepting new or expanded applications. Only existing PUDs establish...
General categoryPLANNED_DEVELOPMENT
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply9.4
HVAC Service9.1
Wholesale Shop8.7

Location

3600 Army Post Rd, Unit 200 Des Moines, IA 50321
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file 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 · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6200 Park, Des Moines, IA 50321-1270 $18,000,000 Sep 2023 138,978 SF
2633 Fleur, Des Moines, IA 50321-1753 $3,300,000 Jan 2023 18,377 SF
5901 Thornton, Des Moines, IA 50321-2403 $2,600,000 May 2022 26,199 SF
5016 Park, Des Moines, IA 50321-1245 $8,200,000 Apr 2022 32,400 SF
3631 61st, Des Moines, IA 50321-2402 $2,650,000 Oct 2019 24,876 SF
2326 Bell, Des Moines, IA 50321-1115 $2,200,000 Aug 2019 44,059 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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