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Property profile & analytics
FOR LEASE
Investment properties
2301 Ingersoll Ave Des Moines, IA 50312
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0153676
For Lease
1 / 2
$20 SF/Yr
2301 Ingersoll Ave, Des Moines, IA 50312
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Property summary
AI-generated overview
This exceptional retail opportunity is located within the Soll Retail building at 2301 Ingersoll Avenue in Des Moines, Iowa, a vibrant area of Polk County. The building, constructed in 2018, boasts a total of 139,000 square feet across three stories and comprises four individual suites. Currently, 1,893 square feet of retail space is available for lease. The property sits on a 2.6-acre lot and offers excellent visibility and accessibility on the newly streetscaped Ingersoll Avenue. Its strategic location places it within convenient walking distance of Des Moines' newest Starbucks, ensuring high foot traffic and exposure to a diverse customer base. The property is classified as a multi-tenant building, providing a dynamic and collaborative environment. The building's modern design and prime location make it an ideal space for a variety of retail businesses, restaurants, or office uses. This is a rare opportunity to secure a prominent retail presence in a thriving Des Moines neighborhood. The property offers significant potential for growth and success. Contact us today to learn more about this exceptional retail space.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2017
Construction
STEEL FRAME
Total area
244,212 SF
Lot
2.2 ac (95,701 SF)
Zoning code
NPC
APN
030/06270-003-001
UPID
US25-0153676
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Des Moines Family Dentistry Dental Office
-
Whiskey River Ingersoll Bar & Pub Restaurant
-
Thai Flavors Ingersoll Restaurant
-
Soll Real Estate Rental Agency Apartment Complex
-
Allison Paige Roth Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$38.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$34.06M
Owner & transaction history
Soll Owner LLC · 3 yrs held
Soll Owner LLC
since 2022
Last sale
$32.9M
7 recorded transactions
Zoning & alternative use
NPC · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$42.1M
+67.7%
Medical building
$40.6M
+62.1%
Restaurant
$37.7M
+50.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$32,030,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$41,670,000
6.5%
$38,465,000
7%
$35,715,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$25,080,000
Current use
AUTO REPAIR, GARAGE
$42,050,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$40,640,000
Change: +62% · Conversion: Easy
RESTAURANT
$37,695,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$35,960,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$28,365,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$22,445,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$34.06M
Range $30.65M – $37.47M · ±10% · vs last sale $32.87M (Nov 3 2022)
Last sale anchor
$32.87M
Nov 3 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$139 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$21,498
Tax year 2020
Assessed value
$1,925,000
Assessed 2023
Previous assessed
$1,925,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$56,700
Assessed improvement
$1,868,300
Land market value
$56,700
Improvement market value
$1,868,300
Total market value
$1,925,000
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
2017
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
2
Stories
4
Units
165
Rooms
7
Bathrooms
1
Total area
244,212 SF
Lot
2.2 ac (95,701 SF)
Zoning code
NPC
APN
030/06270-003-001
UPID
US25-0153676
Jurisdiction
POLK
Zoning & alternative use
NPC · Des Moines, IA
Zoning NPC · permitted uses
NPC · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$25.1M
AUTO REPAIR, GARAGE
Est. value
$42.1M
MEDICAL BUILDING
Est. value
$40.6M
RESTAURANT
Est. value
$37.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$36.0M
RETAIL STORES
Est. value
$28.4M
WAREHOUSE, STORAGE
Est. value
$22.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2017
Construction
STEEL FRAME
Heating
CENTRAL
Stories
4
Buildings
2
Units
165
Rooms
7
Bathrooms
1
Lot
2.2 ac
Current owner
From public records · entity-resolved
Soll Owner LLC
Entity
Mailing address
535 MADISON AVE FL #19, NEW YORK, NY 10022-4264
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2022
$32,870,000
Soll Owner LLC
2301 Ingersoll LLC
Warranty Deed
—
Sep 6, 2019
—
2300 High LLC
23 Ingersoll LLC
Warranty Deed
related
—
Jan 13, 2017
—
23 Ingersoll LLC
—
Deed Of Trust
related
$25,235,000 · Dougherty Fndg
Nov 30, 2016
$2,700,100
Roers Investments LLC
All People Re Investment LLC
Correction Deed
—
Nov 30, 2016
—
23 Ingersoll LLC
Roers Investments LLC
Correction Deed
related
—
Nov 23, 2016
$2,700,000
Roers Investments LLC
All People Re Investment LLC
Warranty Deed
—
Nov 23, 2016
—
23 Ingersoll LLC
Roers Investments LLC
Warranty Deed
related
—
—
—
Rose Marie Lc
—
Deed Of Trust
related
$200,000 · Visionbank Of Ia
—
—
Rose Marie LLC
—
Deed Of Trust
related
$950,000 · Regions Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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