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Financial
Distress signals
Property profile

4415 Douglas Ave Des Moines, IA 50310

OFF-MARKET
Retail space
Property ID
US25-0356779
17,900 SF 2.27 ac lot Built 2002
Last sale May 2024 · $4,150,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a Walgreens retail facility configured for a long-term, net-leased investment structure, with the lease described as an absolute NNN arrangement and corporately guaranteed by Walgreens. It is located at a signalized intersection on Douglas Ave and Beaver Ave, providing street visibility with exposure to approximately 10,000+ vehicles per day. The site is positioned near Merle Hay Shopping Mall, the Des Moines VA Medical Center, and Herbert Hoover High School, and it is bordered by surrounding retail and service businesses.

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 · 2020

What does the county charge?
$91k
Tax billed · 2020
Assessed value · 2023$2.71M
Assessed land$1.26M
Assessed improvement$1.45M
Effective rate3.37%

Value estimate

· Oct 2026
$4.71M
$4.23M – $5.18M
AI approach$4.50M
CAP approach$2.68M
Submarket $/SF estimate$2.84M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$116/SF
Submarket average, outlier-cleaned · 86 recorded sales of this use type
Observed band · Q1–Q3$57 – $186
Qualifying comparables3

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?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm24.9
Restaurant22.6
Realty agency22.2

Location

4415 Douglas Ave Des Moines, IA 50310-2717
County assessor Recorded deeds · 8 transfers 3 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4041 Merle Hay, Des Moines, IA 50310 $33,750 Jan 2024 11,207 SF
2620 Beaver, Des Moines, IA 50310-3961 $400,000 Feb 2022 9,370 SF
5501 Douglas, Des Moines, IA 50310-1843 $1,050,000 Sep 2021 9,010 SF
2716 Beaver, Des Moines, IA 50310-3931 $350,000 Jul 2020 8,215 SF
5601 Douglas, Des Moines, IA 50310-1800 $380,000 Apr 2019 9,438 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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