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Property profile

1515 1st St Des Moines, IA 50315

OFF-MARKET
Warehouses
Property ID
US25-2579368
5,475 SF 0.33 ac lot Built 1968
Last sale Sep 2006 · $200,000
Individually Owned Owner of record is an individual. 19-yr Hold Held for 19 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 5,475 square foot flex building situated on a prominent 0.325-acre corner lot at 1515 SE 1st Street in Des Moines, Iowa, zip code 50315. Built in 1972, this single-story concrete block structure offers a versatile layout perfect for a variety of uses. The property features a spacious warehouse area measuring 63' x 73', complemented by a 12' x 73' office space. Ceiling heights range from 10' to 11', providing ample vertical space. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value · 2024$393k
Assessed land$56k
Assessed improvement$337k
Effective rate3.11%

Value estimate

· Oct 2026
$295k
$266k – $325k
AI approach$295k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$56 – $135
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NPC
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.4
Pharmacy9.1
Catering Service8.6

Location

1515 1st St Des Moines, IA 50315
County assessor Recorded deeds · 4 transfers 3 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
403 Jackson, Des Moines, IA 50315-1325 $150,000 Jul 2023 4,216 SF
6115 9th, Des Moines, IA 50315-5014 $115,000 Jan 2023 5,765 SF
1200 Thomas Beck, Des Moines, IA 50315-1054 $355,000 Jul 2020 4,410 SF
1210 Army Post, Des Moines, IA 50315-5542 $240,000 Feb 2020 12,225 SF
4411 9th, Des Moines, IA 50315-3909 $162,500 Sep 2019 3,096 SF
1000 Thomas Beck, Des Moines, IA 50315-1060 $745,000 May 2019 10,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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