Financial
Distress signals
Property profile

2355 E University Ave Des Moines, IA 50317

FOR LEASE
Strip malls
Property ID
US25-0378171
9,478 SF 0.93 ac lot Built 2007
Last sale Jun 2014 · $882,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property provides retail leasing space configured into at least two suites: Suite 100 (797 sq. ft.) and Suite 103 (870 sq. ft.). The site features front-door parking for retail access and includes monument signage for street visibility. It is located on a roadway with an estimated traffic volume of approximately 28,000 vehicles per day and is about 0.6 miles from I-235, providing nearby freeway access. The property’s retail tenant mix has included businesses such as Body Soul Massage, Boost Mobile, Prime Spot, LV Nails, The Laundry Place, East Side Barber, and Shag.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$40k
Tax billed · 2020
Assessed value · 2023$1.28M
Assessed land$246k
Assessed improvement$1.03M
Effective rate3.16%

Value estimate

· Sep 2026
$840k
$756k – $924k
Sales comparison$932k
NOI build-up
Gross scheduled income$12k
Vacancy & credit loss−$896
Operating expenses−$3k
NOI · 51,606.67% cap applied$8k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$80/SF
Submarket average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$53 – $117
Qualifying comparables5

Cap rate analysis

How does the asset earn?
51,606.67%
$8k 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-1
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 agency19.3
Law Firm15.8
Dental Office11.2

Location

2355 E University Ave Des Moines, IA 50317
County assessor Recorded deeds · 5 transfers 5 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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