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Financial
Distress signals
Property profile

2600 Grand Ave Des Moines, IA 50312

OFF-MARKET
Investment properties
Property ID
US25-0608209
54,162 SF 1.95 ac lot Built 2003
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Terrace Place offers premier executive office suites in Des Moines, Iowa. Located at 2600 Grand Avenue, this Class A building boasts 51,058 square feet of total space, with flexible options ranging from 1,000 to 2,195 contiguous square feet. Ideal for businesses seeking a prestigious address, the property features multiple tenancies, allowing for scalability and adaptability to various business needs. Built in 1987, Terrace Place is well-maintained and offers a range of amenities designed…

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?
$125k
Tax billed · 2020
Assessed value · 2023$3.55M
Assessed land$1.08M
Assessed improvement$2.47M
Effective rate3.51%

Value estimate

· Oct 2026
$4.41M
$3.96M – $4.85M
Submarket $/SF estimate$3.73M

Realmo valuation models over county records and 3 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 comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.8
Wholesale Shop10.6
Building Supply10.5

Location

2600 Grand Ave Des Moines, IA 50312-5375
County assessor Recorded deeds · not on file 3 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
2301 Ingersoll, Des Moines, IA 50312-5232 $32,870,000 Nov 2022 244,212 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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