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Property summary
This two-story, 18,190 square foot medical office building at 1300 Walnut Street in Des Moines, Iowa, presents a unique investment opportunity. Built in 1995, the property features a total of two suites, with a minimum divisible space of 2,893 square feet and a maximum contiguous space of 3,508 square feet. Currently, 6,401 square feet are vacant, offering significant potential for lease income. Situated on a 0.372-acre lot, the building is zoned DX2 and is located in Polk County, Iowa, zip… code 50319. Its prime location on the cultural corridor of Walnut Street places it within walking distance of numerous restaurants and attractions, including The Walnut, Grumpy Goat, Proof, Jimmy John's, Ritual Café, Horizon Line Coffee, and Exile Brewing. Nearby attractions also include the Pappajohn Sculpture Park, Noce, and Teehee's comedy club. This property offers a blend of convenience, accessibility, and proximity to a vibrant urban environment, making it an ideal location for medical practices seeking a high-profile address in Des Moines. The building's multiple suite configuration provides flexibility for various tenant needs.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2020
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
Price anchors at 6 / 6.5 / 7% — in the full report.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 nearbyComparable nearby
Similar in This City for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 23,400 SF
- Lot area
- 0.37 ac
- Year built
- 2005
- Stories
- 2
- APN
- 020/01685-001-000
- Zoning
- C-3A
- Assessed value · 2023
- $2,110,000
- Annual tax · 2020
- $85,446
- Estimated market rent / SF
- Potential gross income
- Vacancy allowance
- Effective gross income
- Benchmark operating expenses
- Stabilized NOI
- Property tax · 2020
- $85,446
- Selected cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Des Moines market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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- Value Estimation
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- Location Insight
- Alternative use
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