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Property profile & analytics
OFF-MARKET Estimated value $1,430,000
Strip malls

1200 Army Post Rd Des Moines, IA 50315-5943

120,460 SF 8.43 ac lot Built 2001
Entity Owned 3-yr Hold Free & Clear
Property ID
US25-0504041
Property summary
AI-generated overview

This exceptional Class A retail property, located at 1200 E Army Post Rd in Des Moines, Iowa, presents a prime investment opportunity. The property, known as Gems by IndusPAD, comprises two buildings totaling 144,138 square feet situated on 15 acres of land. Built in 2001, the single-story structures are zoned C-2 and boast a convenient location directly across from Southridge Mall, ensuring high visibility and substantial foot traffic. Currently, there is 63,137 square feet of vacant space available, offering significant potential for multiple tenants. The minimum divisible space is 63,137 square feet, with a maximum contiguous space of the same size. The property is categorized as a multi-tenant retail space suitable for restaurants, storefronts, or medical storefronts. Its location within the Des Moines submarket of Polk County, Iowa (zip code 50315), provides easy access to major transportation routes and a thriving consumer base. This is an unparalleled chance to acquire a substantial retail center in a highly desirable location. The property offers a unique opportunity for a single large tenant or the potential for multiple smaller tenants. This is a rare opportunity to acquire a significant retail asset in a prime Des Moines location.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2001
Construction STEEL FRAME
Total area 120,460 SF
Lot 8.43 ac (367,080 SF)
Zoning code C-2
APN 120/07211-002-001
UPID US25-0504041
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.43M
Owner & transaction history
Hurd Southbridge LLC · 3 yrs held
Hurd Southbridge LLC
since 2022
Last sale
$1.4M
1 recorded transaction
2022
$1.4M
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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