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    Property profile & analytics

    1159 24th St Des Moines, IA 50311-4331

    • Investment properties
    • 6,400 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $305,000
    Location Intelligence
    Property ID
    US25-0274955
    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

    • xBk Live / Night Club
    • BilT Guitars / Guitar Store

    Property Details for 1159 24th St

    Year built
    2019
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    6,400 SF
    Zone code
    C-1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    030/01462-000-000
    APU
    3001462000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $265,000
      6.5%
      $255,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $275,000
      Geo Method
      $265,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $320,000
      Retail
      $330,000
      Mixed-Use
      $270,000
      Hospitality
      $245,000
      Educational
      $295,000
      Residential Income
      $295,000
      Energy
      $325,000
      Income-Based Land
      $260,000
      Food Service
      $280,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6493
    Latitude
    41.5998
    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
    $10,846
    $47,400
    $551,600
    $599,000
    -
    $47,400
    $551,600
    $599,000

    Comparable in this City

    • Value Estimation by Request
      26,076 SF

      2300 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 26,076 SF
      2300 University Ave, Des Moines, IA 50311-4316
      View Details
    • Value Estimation
      $265,000
      3,432 SF

      1300 21st St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,432 SF
      1300 21st St, Des Moines, IA 50311-3208
      View Details
    • Value Estimation
      $615,000
      12,347 SF

      1213 25th St

      OFFICE/RESIDENTIAL (MIXED USE) • 12,347 SF
      1213 25th St, Des Moines, IA 50311-4211
      View Details
    • Value Estimation
      $305,000
      5,364 SF

      4217 University Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 5,364 SF
      4217 University Ave, Des Moines, IA 50311-3421
      View Details
    • Value Estimation
      $230,000
      4,756 SF

      2125 Frst Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 4,756 SF
      2125 Frst Ave, Des Moines, IA 50311-3231
      View Details
    • Value Estimation by Request
      27,144 SF

      4201 Kingman Blvd

      OFFICE/RESIDENTIAL (MIXED USE) • 27,144 SF
      4201 Kingman Blvd, Des Moines, IA 50311-3415
      View Details

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    Similar Nearby for Lease

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      Retail space available near Drake University, Des Moines.
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    Des Moines, IA 50311-4331
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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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