Realmo Analytics

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Financial
Distress signals
Property profile

2200 Grand Ave Des Moines, IA 50312

FOR SALE
Investment properties
Property ID
US25-0042776
24,570 SF 1.38 ac lot Built 1993
Last sale May 2022 · $1,300,000
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

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?
$75k
Tax billed · 2020
Assessed value · 2023$1.30M
Assessed land$764k
Assessed improvement$536k
Effective rate5.75%

Value estimate

· Oct 2026
$1.27M
$1.14M – $1.39M
AI approach$1.23M
Submarket $/SF estimate$1.51M
NOI build-up
Gross scheduled income$495k
Vacancy & credit loss−$99k
Operating expenses−$99k
NOI · 27.61% cap applied$297k

Realmo valuation models over county records and 9 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 comparables9

Cap rate analysis

How does the asset earn?
27.61%
$297k 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?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop12.8
Auto Parts Store12.8
Building Supply12.4

Location

2200 Grand Ave Des Moines, IA 50312
County assessor Recorded deeds · 5 transfers 9 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
2203 Grand, Des Moines, IA 50312-5305 $1,250,000 Jun 2025 10,563 SF
515 28th, Des Moines, IA 50312-5259 $526,500 Nov 2020 12,100 SF
3716 Ingersoll, Des Moines, IA 50312-3440 $500,000 Sep 2020 8,527 SF
2015 Grand, Des Moines, IA 50312-4901 $1,875,000 Mar 2020 29,946 SF
2143 Grand, Des Moines, IA 50312-5303 $1,265,000 Jun 2019 15,150 SF
6000 Grand, Des Moines, IA 50312-1417 $2,200,000 May 2019 57,997 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?”
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