Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

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?

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

Value estimate

· Oct 2026
$840k
$756k – $924k
Submarket $/SF estimate$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

3 recorded sales · 15 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2450 Euclid, Des Moines, IA 50317-3658 $3,100,000 Oct 2024 27,200 SF
2574 Hubbell, Des Moines, IA 50317 $1,185,000 Oct 2020 43,200 SF
2910 University, Des Moines, IA 50317-8236 $1,470,000 Jul 2019 9,312 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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