Technical
Financial
Distress signals
Property profile

1536 2nd Ave Des Moines, IA 50314

OFF-MARKET
Retail space
Property ID
US25-2543264
6,402 SF 0.45 ac lot Built 1990
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1990
Construction FRAME
Total area 6,402 SF
Lot 0.45 ac (19,575 SF)
Zoning code M-1
APN 080/04438-004-000
UPID US25-2543264

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Plumbing Service General Contractor
  • Bank Credit Union

Location

1536 2nd Ave Des Moines, IA 50314-3405
Des Moines metro Census 4900 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$425k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2022
Last sale
$405,000
5 recorded transactions
2024
Price N/A
2022
$405,000
2017
$450,000
2013
$450,000
2008
$450,000

Zoning & alternative use

M-1 · Des Moines, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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