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Financial
Distress signals
Property profile

2150 Grand Ave Des Moines, IA 50312

FOR SALE
Investment properties
Property ID
US25-0459947
22,976 SF 1.09 ac lot Built 1987
Last sale Jul 2017
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional office property, located at 2150 Grand Avenue in Des Moines, Iowa, offers a substantial 19,692 square feet of space. Currently, one unit is available for lease within this Class B building situated in Polk County, zip code 50312. The property is categorized as both Executive and Traditional Office space, making it suitable for a variety of business needs. The multiple tenancy structure allows for flexibility in lease terms and configurations. The building's prime location in…

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?
$67k
Tax billed · 2020
Assessed value · 2023$1.74M
Assessed land$673k
Assessed improvement$1.07M
Effective rate3.88%

Value estimate

· Oct 2026
$2.10M
$1.89M – $2.30M
Submarket $/SF estimate$1.83M
NOI build-up
Gross scheduled income$432k
Vacancy & credit loss−$86k
Operating expenses−$86k
NOI · 2,661,148.72% cap applied$259k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$103/SF
Submarket average, outlier-cleaned · 290 recorded sales of this use type
Observed band · Q1–Q3$62 – $162
Qualifying comparables11

Cap rate analysis

How does the asset earn?
2,661,148.72%
$259k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply25.1
Wholesale Shop23.7
Auto Repair Shop19.7

Location

2150 Grand Ave Des Moines, IA 50312
County assessor Recorded deeds · 4 transfers 11 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2203 Grand, Des Moines, IA 50312-5305 $1,250,000 Jun 2025 10,563 SF
2200 Grand, Des Moines, IA 50312-5306 $1,300,000 May 2022 24,570 SF
515 28th, Des Moines, IA 50312-5259 $526,500 Nov 2020 12,100 SF
2015 Grand, Des Moines, IA 50312-4901 $1,875,000 Mar 2020 29,946 SF
2143 Grand, Des Moines, IA 50312-5303 $1,265,000 Jun 2019 15,150 SF
6000 Grand, Des Moines, IA 50312-1417 $2,200,000 May 2019 57,997 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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