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Financial
Distress signals
Property profile

1800 Watrous Ave Des Moines, IA 50315

OFF-MARKET
Apartment buildings
Property ID
US25-0418710
46,200 SF 18.17 ac lot Built 1951
Last sale May 2005 · $10,749,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 15-yr Hold Held for 15 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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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 · 2020

What does the county charge?
$376k
Tax billed · 2020
Assessed value · 2023$14.00M
Assessed land$1.78M
Assessed improvement$12.22M
Effective rate2.68%

Value estimate

· Oct 2026
$6.26M
$5.63M – $6.89M
CAP approach$5.93M
Submarket $/SF estimate$6.77M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$147/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$77 – $252

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?
R-3
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency37.0
Building Supply31.2
Law Firm24.8

Location

1800 Watrous Ave Des Moines, IA 50315-3265
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file 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 · 10 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7201 5th, Des Moines, IA 50315-6400 $24,725,000 Feb 2024 24,492 SF
200 Dickman, Des Moines, IA 50315-6262 $24,725,000 Feb 2024 21,648 SF
100 Jackson, Des Moines, IA 50315-1201 $17,358,500 Oct 2021 44,880 SF
1405 1st, Des Moines, IA 50315-1283 $22,500,000 Jul 2021 53,895 SF
5209 9th, Des Moines, IA 50315-7262 $4,100,000 Apr 2020 19,800 SF
5555 9th, Des Moines, IA 50315-7260 $1,478,000 Nov 2019 23,616 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
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