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    Property profile & analytics

    1170 Martin Luther King Jr Pkwy Des Moines, IA 50314-1242

    • Residential income homes
    • 6,210 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimation
    $265,000
    Last Sale
    Nov 28, 2023
    $245,000
    Location Intelligence
    Property ID
    US25-0223297
    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

    • Residential income homes

    Property Details for 1170 Martin Luther King Jr Pkwy

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.24 lot acres
    Property size
    6,210 SF
    Zone code
    R-3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    030/05125-000-000
    APU
    3005125000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $280,000

    • CAP approach

      CAP return
      Estimation
      6%
      $270,000
      6.5%
      $235,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $205,000
      Geo Method
      $255,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $215,000
      Mixed-Use
      $210,000
      Hospitality
      $195,000
      Educational
      $240,000
      Residential Income
      $195,000
      Energy
      $215,000
      Income-Based Land
      $235,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6441
    Latitude
    41.5999
    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
    $6,004
    $18,700
    $249,300
    $268,000
    -
    $18,700
    $249,300
    $268,000

    Comparable in this City

    • Value Estimation
      $330,000
      3,552 SF

      1169 11th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,552 SF
      1169 11th St, Des Moines, IA 50314-2211
      View Details
    • Value Estimation
      $180,000
      1,824 SF

      1715 Oakland Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,824 SF
      1715 Oakland Ave, Des Moines, IA 50314-3713
      View Details
    • Value Estimation
      $490,000
      5,472 SF

      1122 9th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,472 SF
      1122 9th St, Des Moines, IA 50314-2516
      View Details
    • Value Estimation
      $210,000
      5,826 SF

      1700 6th Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,826 SF
      1700 6th Ave, Des Moines, IA 50314-3307
      View Details
    • Value Estimation
      $265,000
      6,684 SF

      400 Franklin Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 6,684 SF
      400 Franklin Ave, Des Moines, IA 50314-3321
      View Details
    • Value Estimation
      $225,000
      5,727 SF

      1325 12th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,727 SF
      1325 12th St, Des Moines, IA 50314-2360
      View Details

    Similar Nearby for Sale

    • $2,150,000
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      Sherman Hill Remodeled Multi-Unit Property

      Remodeled 17-unit property in historic Sherman Hill neighborhood.
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      Des Moines Multifamily Investment Property

      Fully rented multifamily property in Des Moines, Iowa.
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    • Contact for pricing
      0.13 Acres

      Des Moines Land Opportunity

      Land available in Des Moines for home or investment.
      1622 Martin Luther King Pkwy, Des Moines, IA 50314
      View Details
    • $255,000
      Pending

      Des Moines Multifamily Income Property

      Multifamily property in Des Moines, generating $2900 monthly rent.
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    Similar Nearby for Lease

    • $10 SF/Yr
      4,200 SF

      Warehouse Space Available For Lease

      4,200 SF warehouse with office space and dock-high doors.
      1537 Vermont St, Des Moines, IA 50314
      View Details
    • $12 SF/Yr
      3,099 SF

      Des Moines Office Space Available

      Office space featuring private offices, conference room, and kitchenette.
      601 Forest Ave, Des Moines, IA 50314
      View Details
    • $3 SF/Yr
      18,300 SF

      Des Moines Flex Space Available

      18,300 SF Flex/Warehouse, Des Moines
      1495 Keosauqua Way, Des Moines, IA 50314
      View Details
    • Contact for pricing
      57,792 SF

      Downtown Des Moines Surgery Center

      Class A Medical Office Space Available
      450 Laurel St, Des Moines, IA 50314
      View Details
    • $22 SF/Yr
      2,217 SF

      Renovated Office Building in Sherman Hills

      Historically renovated office building suitable for office or medical use.
      800 19Th St, Des Moines, IA 50314
      View Details
    • $12 SF/Yr
      3,099 SF

      Des Moines Office Space Available

      Office space available for lease in Des Moines, Iowa.
      Beaver Ave, Des Moines, IA 50314
      View Details
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    Des Moines, IA 50314-1242
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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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