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Financial
Distress signals
Property profile

3420 Martin Luther King Jr Pkwy Des Moines, IA 50310

OFF-MARKET
Strip malls
Property ID
US25-0440623
17,656 SF 2.98 ac lot Built 1986
Last sale Jan 2025 · $2,800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional investment opportunity presents the Harding Hills Shopping Center, a 25,596 square foot retail shopping center located at 3420 Martin Luther King Jr Pkwy in Des Moines, Iowa. Currently boasting 100% occupancy, this multi-tenant property offers a strong and stable income stream, generating a Net Operating Income (NOI) of $330,315 and a compelling 11.01% capitalization rate. The asking price is $3,000,000. Built in 1986 and situated on a 2.98-acre lot, the center is zoned MX3.…

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?
$32k
Tax billed · 2020
Assessed value · 2023$1.04M
Assessed land$550k
Assessed improvement$490k
Effective rate3.09%

Value estimate

· Oct 2026No data for this section
What is it worth?

No value estimate could be modeled: the record carries too little market input for this parcel.

Recently sold

What actually traded nearby?
$80/SF
Submarket average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$53 – $117
Qualifying comparables10

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-4
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 agency36.1
Building Supply27.6
Restaurant27.3

Location

3420 Martin Luther King Jr Pkwy Des Moines, IA 50310-5608
County assessor Recorded deeds · 7 transfers 10 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

4 recorded sales · 15 properties nearby
Recent sales nearby
4 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3617 Beaver, Des Moines, IA 50310-3246 $1,660,000 May 2025 6,400 SF
4347 Merle Hay, Des Moines, IA 50310-2301 $16,576,500 Jan 2024 100,517 SF
3520 Beaver, Des Moines, IA 50310-3264 $500,000 Apr 2022 14,782 SF
3100 Merle Hay, Des Moines, IA 50310-1235 $1,620,000 Jun 2019 11,620 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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