Property profile

1000 Washington Ave Des Moines, IA 50314

OFF-MARKET
Investment properties
Property ID
US25-0618299
29,653 SF 1.13 ac lot Built 1950
Entity Owned Absentee Owner Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1950
Construction STEEL FRAME
Total area 29,653 SF
Lot 1.13 ac (49,049 SF)
APN 080/05096-001-000
UPID US25-0618299

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • State Government Office Correctional Services Department
  • Correctional Services Department

Location

1000 Washington Ave Des Moines, IA 50314-2433
Des Moines metro Census 5000 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$415k

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Auto repair, garage $5.1M +67.7%
Medical building $4.9M +62.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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