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Property profile & analytics
FOR SALE
Investment properties
100 4Th St, Des Moines, IA 50309
Individually Owned
27-yr Hold
Free & Clear
Property ID
US25-0233197
For Sale
1 / 2
$3,500,000
100 4Th St, Des Moines, IA 50309
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Property summary
AI-generated overview
The Depot, located at 100 4th St, Des Moines, IA 50309, presents a unique investment opportunity. This iconic, one-story, 20,591 square foot traditional office building, built in 1900, sits on a 0.75-acre lot and is zoned DX-2. The building offers 17,880 square feet of net rentable space. A significant advantage is the inclusion of a rare 40-stall downtown parking lot. The property boasts a recently installed roof complete with a warranty, minimizing immediate maintenance concerns. Its prime downtown location offers excellent visibility and accessibility. The building's historical character combined with the potential for redevelopment makes it an attractive proposition for investors seeking a unique and versatile property. Additional parking is available nearby, further enhancing its convenience. The asking price for this exceptional property is $3,500,000. This freestanding building presents a compelling blend of historical charm and modern practicality, making it an ideal investment in the thriving Des Moines market.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Construction
FRAME
Total area
20,591 SF
Lot
0.74 ac (32,019 SF)
Zoning code
C-3R
APN
020/01245-006-000
UPID
US25-0233197
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
WriteBrain Publishing House
-
The Depot at Fourth Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.77M
Owner & transaction history
ISLAND DEPOT PRTNRS ROCK
ISLAND DEPOT PRTNRS ROCK
Zoning & alternative use
C-3R · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.77M
Range $1.59M – $1.95M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$86 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$44,174
Tax year 2020
Assessed value
$1,130,000
Assessed 2023
Previous assessed
$1,130,000
+0.0% YoY
Effective rate
3.91%
On assessed value
Assessed land
$845,000
Assessed improvement
$285,000
Land market value
$845,000
Improvement market value
$285,000
Total market value
$1,130,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1987
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
2
Rooms
4
Bathrooms
1
Total area
20,591 SF
Lot
0.74 ac (32,019 SF)
Zoning code
C-3R
APN
020/01245-006-000
UPID
US25-0233197
Jurisdiction
POLK
Zoning & alternative use
C-3R · Des Moines, IA
Zoning C-3R · permitted uses
C-3R · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Rooms
4
Bathrooms
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
ISLAND DEPOT PRTNRS ROCK
Individual
Free & Clear · 0 yrs held
Mailing address
100 4TH ST, DES MOINES, IA 50309-4742
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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