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    Property profile & analytics

    2124 Grand Ave Des Moines, IA 50312-5304

    • Investment properties
    • 9,153 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimation
    $390,000
    Location Intelligence
    Property ID
    US25-0042624
    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

    • Des Moines Onstage / Music School / Performing Arts Theater
    • Dr. Bob Filippone / Radiologist
    • Dr. Maria C. Filippone, DO / Doctor

    Property Details for 2124 Grand Ave

    Year built
    2012
    Construction
    STEEL FRAME
    Lot size
    0.96 lot acres
    Property size
    9,153 SF
    Zone code
    C-2
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    020/02821-000-000
    APU
    2002821000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $365,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $515,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $530,000
      Geo Method
      $415,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $405,000
      Retail
      $440,000
      Mixed-Use
      $400,000
      Hospitality
      $540,000
      Educational
      $515,000
      Residential Income
      $415,000
      Energy
      $485,000
      Income-Based Land
      $545,000
      Food Service
      $540,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.646
    Latitude
    41.5835
    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
    2023
    $0.00
    $255,000
    $198,000
    $453,000
    -
    $255,000
    $198,000
    $453,000

    Comparable in this City

    • Value Estimation by Request
      20,928 SF

      3700 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 20,928 SF
      3700 Grand Ave, Des Moines, IA 50312-2806
      View Details
    • Value Estimation by Request
      49,734 SF

      2323 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 49,734 SF
      2323 Grand Ave, Des Moines, IA 50312-5307
      View Details
    • Value Estimation
      $390,000
      8,479 SF

      2404 Frst Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 8,479 SF
      2404 Frst Dr, Des Moines, IA 50312-5400
      View Details
    • Value Estimation
      $390,000
      6,300 SF

      225 37th St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,300 SF
      225 37th St, Des Moines, IA 50312-4305
      View Details
    • Value Estimation
      $385,000
      2,648 SF

      530 42nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,648 SF
      530 42nd St, Des Moines, IA 50312-2707
      View Details
    • Value Estimation
      $320,000
      7,013 SF

      3725 Ingersoll Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,013 SF
      3725 Ingersoll Ave, Des Moines, IA 50312-3410
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      4,296 SF

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      Des Moines Land for Sale

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      Des Moines Office Building For Sale

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    Similar Nearby for Lease

    • $20 SF/Yr
      4,974 SF

      Ingersoll Avenue Standalone Building

      Standalone building on Ingersoll Avenue, ideal for office or retail.
      3714 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $34 SF/Yr
      9,560 SF

      Ingersoll Avenue Retail Space

      Versatile ground level retail space in a modern, sustainable building.
      3404-3422 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $20 SF/Yr
      90,223 SF

      Grand Avenue Office Building

      Five-story office building in DMU32 Health and Business Complex.
      3440 Grand Ave, Des Moines, IA 50312
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    • $20 SF/Yr
      139,000 SF

      Des Moines Retail Space For Lease

      Prime Ingersoll Ave location, 1,893 sq ft available.
      2301 Ingersoll Ave, Des Moines, IA 50312
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    • Contact for pricing
      32,418 SF

      Des Moines Retail Center

      Prime Ingersoll Ave. location, 32,418 SF available.
      2700 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $12 SF/Yr
      11,920 SF

      Des Moines Office Space for Lease

      Prime Des Moines office, flexible suites available.
      2501 Grand Ave, Des Moines, IA 50312
      View Details
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    2124 Grand Ave
    Des Moines, IA 50312-5304
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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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