Financial
Distress signals
Property profile

2501 Martin Luther King Jr Pkwy Des Moines, IA 50310

OFF-MARKET
Other investment properties
Property ID
US25-1118653
6,916 SF 1.98 ac lot Built 1996
Last sale May 2024 · $550,000
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

This warehouse property, built in 1996, provides approximately 6,916 square feet of space for leasing. The building features two drive-in doors and one dock door, with clear heights estimated between 14 and 18 feet. The site encompasses approximately 1.98 acres. It is located on Martin Luther King Jr Pkwy in Des Moines, with access to Interstate 35 and Interstate 235 and proximity to industrial and logistics uses. The property is designated MX3 zoning within a Mixed-Use Flood District.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$17k
Tax billed · 2020
Assessed value · 2023$657k
Assessed land$364k
Assessed improvement$293k
Effective rate2.57%

Value estimate

· Sep 2026
$550k
$495k – $605k
AI approach$550k

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?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

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 agency35.1
Building Supply27.3
Restaurant26.3

Location

2501 Martin Luther King Jr Pkwy Des Moines, IA 50310-6122
County assessor Recorded deeds · 6 transfers 9 qualifying comp sales Zoning catalog · not on file

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
3004 30th, Des Moines, IA 50310-5259 $380,000 Jun 2024 6,000 SF
3207 Douglas, Des Moines, IA 50310-5311 $301,000 May 2023 4,002 SF
2911 Merle Hay, Des Moines, IA 50310-1100 $560,000 Dec 2022 7,904 SF
3030 Merle Hay, Des Moines, IA 50310-1233 $1,300,000 Apr 2022 9,336 SF
3801 Lowr Beaver, Des Moines, IA 50310 $245,000 Oct 2018 4,400 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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