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    Property profile & analytics

    1517 2nd Ave Des Moines, IA 50314-3406

    • Strip malls
    • 13,522 SF
    • 0.66 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Last Sale
    Mar 22, 2024
    $442,750
    Location Intelligence
    Property ID
    US25-0035575
    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

    • Secure Data Recovery Services / Data Recovery Service
    • KB Wireless / Cell Phone Store / Electronics Repair Shop

    Property Details for 1517 2nd Ave

    Year built
    1991
    Construction
    STEEL FRAME
    Lot size
    0.66 lot acres
    Property size
    13,522 SF
    Zone code
    M-1
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    080/00694-004-000
    APU
    8000694004000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $505,000
      6.5%
      $505,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $540,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $530,000
      Retail
      $435,000
      Mixed-Use
      $510,000
      Hospitality
      $470,000
      Educational
      $415,000
      Residential Income
      $410,000
      Energy
      $530,000
      Income-Based Land
      $450,000
      Food Service
      $405,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6194
    Latitude
    41.6065
    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
    $24,996
    $122,000
    $680,000
    $802,000
    -
    $122,000
    $680,000
    $802,000

    Comparable in this City

    • Value Estimation by Request
      15,612 SF

      1251 University Ave

      SHOPPING CENTER, STRIP CENTER • 15,612 SF
      1251 University Ave, Des Moines, IA 50314-2358
      View Details
    • Value Estimation
      $350,000
      6,402 SF

      1536 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,402 SF
      1536 2nd Ave, Des Moines, IA 50314-3405
      View Details
    • Value Estimation
      $395,000
      2,520 SF

      1323 2nd Ave

      AUTO REPAIR, GARAGE • 2,520 SF
      1323 2nd Ave, Des Moines, IA 50314-3402
      View Details
    • Value Estimation
      $445,000
      10,058 SF

      1824 2nd Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,058 SF
      1824 2nd Ave, Des Moines, IA 50314-3605
      View Details
    • Value Estimation
      $215,000
      2,560 SF

      697 19th St

      RETAIL STORES (PERSONAL SERVICES) • 2,560 SF
      697 19th St, Des Moines, IA 50314-1009
      View Details
    • Value Estimation
      $220,000
      2,773 SF

      1431 Illinois St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,773 SF
      1431 Illinois St, Des Moines, IA 50314
      View Details

    Similar Nearby for Sale

    • $1,950,000
      5,532 SF

      Sherman Hill Mixed-Use Investment

      Des Moines, IA: Office/Retail Opportunity
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    • $325,000
      0.16 Acres

      Automotive Shop in Des Moines

      Fully functioning automotive shop in a high-traffic location.
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    • Contact for pricing
      6,500 SF

      Residential Lot in Downtown Des Moines

      Residential lot in a mixed-use downtown neighborhood.
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    • $56,750

      Des Moines Land For Sale

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    • $45,000
      0.17 Acres

      Des Moines Commercial Land - $45K

      Prime Des Moines lot, 7,500 sq ft, N5 zoning.
      1220 3Rd St, Des Moines, IA 50314
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    • $1,700,000
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      Des Moines Industrial NNN Investment

      15,034 SF Flex Space, 7.82% Cap Rate
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    Similar Nearby for Lease

    • $9 SF/Yr
      7,920 SF

      Central Des Moines Retail Flex

      Versatile retail flex building in Des Moines' Central Business District.
      111 11Th St, Des Moines, IA 50314
      View Details
    • $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
    • $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
    • $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
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    Des Moines, IA 50314-3406
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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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