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    Property profile & analytics

    699 Walnut St Des Moines, IA 50309

    • Commercial real estate
    • 349,689 SF
    • 0.70 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    Location Intelligence
    Property ID
    US25-0376546
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Voya Financial / Insurance Agency
    • Jessicat Inc. / Recording Studio
    • Sammy Waldrop Income Tax Preparer and Bookkeeper / Tax Preparation Service / Bookkeeping Service
    • Whitfield & Eddy Law: Kara M Sinnard / Attorney
    • American Investors Life Insurance Co / Life Insurance Agency

    Property Details for 699 Walnut St

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    0.70 lot acres
    Property size
    349,689 SF
    Zone code
    C-3
    Property type
    Commercial real estate
    APN
    020/01168-002-002
    APU
    2001168002002

    Description

    Hub Tower, located at 699 Walnut Street in Des Moines, Iowa, offers a prestigious Class A office experience. This 20-story building, constructed in 1985, boasts a total of 314,214 square feet, with 27,507 square feet currently vacant. The property is situated in Polk County and features a single building with multiple tenancy options. Available spaces range from 2,127 square feet to 15,518 square feet, catering to a variety of business needs. The building's amenities include convenient access to the Des Moines skywalk system, enhancing connectivity and accessibility. Security is a priority, with on-site staffed security and key card elevator access ensuring a safe and controlled environment. Tenants also benefit from access to a conference facility, ideal for meetings and presentations. The building's diverse subtypes, including traditional office, executive office, coworking, medical office, and creative office spaces, make it a versatile option for a wide range of businesses. This exceptional property presents a unique opportunity to establish a presence in a thriving Des Moines location.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6253
    Latitude
    41.586
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $810,488
    $2,410,000
    $16,890,000
    $19,300,000
    -
    $2,410,000
    $16,890,000
    $19,300,000

    Comparable in this City

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      904 Walnut St, Unit 110

      COMMERCIAL (GENERAL) • 0.00 Acres
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    Des Moines, IA 50309
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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