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    Investment properties

    130 E 3Rd St, Des Moines, IA 50309

    52,800 SF 0.45 ac lot Built 2014
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US25-1313455
    Property summary
    AI-generated overview

    This Class A executive office building at 130 E 3rd St, Des Moines, IA, offers multiple suites for lease. Located in Polk County, this prime location provides easy access to the city's amenities. The building boasts a total of 8,593 square feet, with flexible space options ranging from a minimum of 1,100 square feet to a maximum contiguous space of 5,500 square feet. Currently, there are 14,093 square feet available for lease, allowing for various business needs and expansion opportunities. The building's "A" classification signifies its high-quality construction, modern amenities, and desirable location. The address, 130 E 3rd St, places the property in a vibrant and accessible area of Des Moines, with convenient access to transportation networks and local businesses. The zip code is 50309. This is an exceptional opportunity for businesses seeking a prestigious and functional office space in the heart of Des Moines. The property is ideal for companies seeking a flexible and adaptable workspace, allowing for growth and scalability. The available space is perfect for a variety of businesses, from small startups to established corporations. Interested parties are encouraged to inquire about lease terms and availability. The building's strategic location and high-quality features make it an attractive option for businesses seeking a competitive edge in the Des Moines market.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 2014
    Construction FRAME
    Total area 52,800 SF
    Lot 0.45 ac (19,600 SF)
    APN 040/03922-002-000
    UPID US25-1313455
    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
    Current use
    Occupant on record · Public records
    • MODUS Hvac Contractor Engineering Consultant
    • Blur MediaWorks Marketing & Advertising Advertising Agency
    • We Write Code (Bike/Boat/Book/etc) Store Corporate Office
    • Flying Hippo Brand + Digital Marketing & Advertising (Bike/Boat/Book/etc) Store
    • CashattWarren Family Law, P.C. Law Firm Child Welfare Organization
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $8.32M
    Comparable Approach Comparable
    $7.35M
    Blend (final) Blend
    $7.97M
    Owner & transaction history
    Market One LLC · 12 yrs held
    Market One LLC
    since 2014
    7 recorded transactions
    2018
    2014
    2013
    $695,000
    2012
    2012
    $198,000
    2008
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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