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Financial
Distress signals
Property profile

601 Frst Ave Des Moines, IA 50314

OFF-MARKET
Other investment properties
Property ID
US25-0365400
18,000 SF 0.2 ac lot Built 2003
Last sale Aug 2022 · $925,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years.
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Property summary

AI-generated overview

This office property is located in Des Moines, Iowa, and comprises approximately 3,099 square feet of interior space. The layout includes seven private offices, a conference room, and an open workspace area, supported by a kitchenette and break room. The space includes two restrooms, additional storage areas, and phone booth stations. Parking is available via street parking and surface parking located to the south of the building.

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?
$14k
Tax billed · 2020
Assessed value · 2023$345k
Assessed land$18k
Assessed improvement$327k
Effective rate4.06%

Value estimate

· Oct 2026
$900k
$810k – $990k
AI approach$880k
Submarket $/SF estimate$1.11M

Realmo valuation models over county records and 11 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 comparables11

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.2
Nail Salon9.8
Kitchen & Bath9.7

Location

601 Frst Ave Des Moines, IA 50314-2828
County assessor Recorded deeds · 5 transfers 11 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
1333 Ohio, Des Moines, IA 50314-3421 $10,650,000 Oct 2024 48,552 SF
Des Moines, IA 50314 $900,000 Dec 2023 11,792 SF
1537 Vermont, Des Moines, IA 50314-3523 $600,000 Jan 2023 9,055 SF
850 18th, Des Moines, IA 50314-1101 $650,000 Dec 2022 5,776 SF
1615 2nd, Des Moines, IA 50314-3602 $550,000 Dec 2021 10,692 SF
855 17th, Des Moines, IA 50314-1127 $295,000 Mar 2021 5,280 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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