Realmo Analytics

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Financial
Distress signals
Property profile

2459 East Euclid Ave Des Moines, IA 50317

FOR LEASE
Medical Office Space
Property ID
US25-0165962
6,240 SF 0.53 ac lot Built 2007
Last sale Oct 2005 · $299,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 19-yr Hold Held for 19 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon

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?
$23k
Tax billed · 2020
Assessed value · 2023$782k
Assessed land$139k
Assessed improvement$643k
Effective rate2.98%

Value estimate

· Oct 2026
$670k
$603k – $737k
Submarket $/SF estimate$874k
NOI build-up
Gross scheduled income$131k
Vacancy & credit loss−$10k
Operating expenses−$48k
NOI · 361,670.00% cap applied$72k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$166/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$61 – $221

Cap rate analysis

How does the asset earn?
361,670.00%
$72k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency27.8
Law Firm19.0
Dental Office18.1

Location

2459 East Euclid Ave Des Moines, IA 50317
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file 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

2 recorded sales · 18 properties nearby
Recent sales nearby
2 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2505 Wedgewood, Des Moines, IA 50317-6027 $490,000 May 2025 2,640 SF
2525 Euclid, Des Moines, IA 50317-6045 $3,037,000 Jun 2024 7,687 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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