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Financial
Distress signals
Property profile

106 6th St Des Moines, IA 50309

OFF-MARKET
Investment properties
Property ID
US25-0441551
52,593 SF 1.12 ac lot Built 2014
Last sale Dec 2024 · $7,725,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 49,851-square-foot creative office building in Des Moines, Iowa, presents a unique owner-user investment opportunity. Located at 106 E 6th St, in the heart of Polk County, zip code 50309, this single-story building underwent a complete redevelopment in 2016. The asking price is $5,950,000, translating to a price per square foot of $119.36. The property is offered on a NNN lease. Ample parking is available, with over 130 spaces on-site and additional parking across E 6th…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$114k
Tax billed · 2020
Assessed value · 2023$2.78M
Assessed land$730k
Assessed improvement$2.05M
Effective rate4.09%

Value estimate

· Oct 2026
$5.26M
$4.73M – $5.79M
AI approach$5.55M
Submarket $/SF estimate$5.19M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$177/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$79 – $291
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
M-1
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Dry Cleaner
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Dry Cleaner9.0
Catering Service8.7
Convenience Store8.6

Location

106 6th St Des Moines, IA 50309-1951
County assessor Recorded deeds · 9 transfers 3 qualifying comp sales Zoning catalog

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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
207 9th, Des Moines, IA 50309-3601 $32,000,000 May 2025 54,368 SF
218 6th, Des Moines, IA 50309-4013 $9,200,000 Feb 2023 102,268 SF
301 Grand, Des Moines, IA 50309-1718 $7,100,000 Apr 2022 36,514 SF
555 Walnut, Des Moines, IA 50309-4116 $1,920,000 Nov 2020 110,555 SF
200 Grand, Des Moines, IA 50309-1856 $14,100,000 Oct 2020 55,874 SF
1312 Locust, Des Moines, IA 50309-2900 $10,000,000 Dec 2019 37,112 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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