Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1220 3Rd St Des Moines, IA 50314

    • Commercial real estate
    • 0.17 lot acres
    For Sale
    View listing
    $45,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0578066
    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

    • Commercial real estate

    Property Details for 1220 3Rd St

    Lot size
    0.17 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.172-acre commercial land parcel, located at 1220 3rd Street in Des Moines, Iowa, presents a unique investment opportunity. Priced at $45,000, this property offers significant potential for development. The lot size is 7,500 square feet, providing ample space for a variety of commercial ventures. The property is zoned N5 - Neighborhood District, which allows for a range of commercial uses, subject to city approvals. Situated in Polk County, with a 50314 zip code, this location benefits from convenient access to Des Moines' amenities and infrastructure. The precise coordinates are 41.6010931 latitude and -93.6218485 longitude. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving Iowa market. Serious inquiries are encouraged to explore the possibilities this property offers. The property is being sold as-is. All interested parties are responsible for conducting their own due diligence regarding zoning regulations and permitted uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6218485
    Latitude
    41.6010931

    Comparable in this City

    • Contact for pricing
      6,500 SF

      Residential Lot in Downtown Des Moines

      Residential lot in a mixed-use downtown neighborhood.
      1224 5Th Ave, Des Moines, IA 50314
      View Details
    • $56,750

      Des Moines Land For Sale

      Land available on the corner of 5th and University.
      1203 5Th Ave, Des Moines, IA 50314
      View Details
    • $65,000
      0.04 Acres

      Des Moines Land Opportunity

      Land suitable for investors or builders in Des Moines, Iowa.
      335 Forest Ave, Des Moines, IA 50314
      View Details
    • $65,000
      0.04 Acres

      Des Moines Land Opportunity

      Land suitable for investors or builders in Des Moines, Iowa.
      335 Forest Ave, Des Moines, IA 50314
      View Details
    • $220,000
      34,375 SF

      Des Moines Land For Sale

      Two adjacent parcels totaling 34,375 SF in Des Moines.
      1203 4Th St, Des Moines, IA 50314
      View Details
    • $45,000
      7,500 SF

      Land For Sale

      Land for sale with N5 zoning.
      1220 3Rd St, Des Moines, IA 50314
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Des Moines Land For Sale

      Land available in Des Moines, Iowa.
      1221 Forest Ave, Des Moines, IA 50314
      View Details
    • Contact for pricing
      0.10 Acres

      Des Moines Land For Sale

      Land available in Des Moines, Iowa.
      1311 10Th St, Des Moines, IA 50314
      View Details
    • $65,000
      0.05 Acres

      Des Moines Land Opportunity

      Land suitable for investors or builders in Des Moines, Iowa.
      335 Forest Ave, Des Moines, IA 50314
      View Details
    • $3,850,704

      Development Land on Highway 69

      Up to 22 acres of development land available for sale.
      14Th St, Des Moines, IA 50314
      View Details
    • $320,900

      1.473 Acre Commercial Land

      1.473-acre property suited for retail, office, or service-based businesses.
      2740 SE 14Th St, Des Moines, IA 50314
      View Details
    • $65,000
      0.04 Acres

      Des Moines Land Opportunity

      Land suitable for investors or builders in Des Moines, Iowa.
      335 Forest Ave, Des Moines, IA 50314
      View Details

    Similar Nearby for Lease

    • $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
    • $16 SF/Yr
      3,906 SF

      Downtown Des Moines Office Space

      Office space for rent in historic Insurance Exchange Building.
      501 5Th Ave, 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
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1220 3Rd St
    Des Moines, IA 50314
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.