Property profile

1003 Grand Ave West Des Moines, IA 50265

OFF-MARKET
Medical Office Space
Property ID
US25-0260740
12,618 SF 1.11 ac lot Built 1965
Entity Owned 18-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1965
Construction CONCRETE
Total area 12,618 SF
Lot 1.11 ac (48,134 SF)
Zoning code OF
APN 320/03020-002-000
UPID US25-0260740

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
  • Physician Medical Clinic
  • Medical Clinic
  • Foster Care Service Social Service Agency
  • Physician
  • Foster Care Service Social Service Agency

Location

1003 Grand Ave West Des Moines, IA 50265-3502
West Des Moines metro Census 11111 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$973k
Blend (final) Blend
$935k

Owner & transaction history

since 2008
4 recorded transactions
2017
Price N/A
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

OF · West Des Moines, IA
Zoning description

Office areas shall be designated to attract desirable and stable professional office development which will be in harmony with adjacent land uses. Typical office uses include insurance, medical, law, real estate, finance…

General category COMMERCIAL

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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