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Property profile

2708 Ingersoll Ave Des Moines, IA 50312

FOR LEASE
Drive through restaurants
Property ID
US25-0192118
6,055 SF 0.44 ac lot Built 2015
Last sale Dec 2016 · $2,605,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is a neighborhood retail complex in Des Moines, Iowa, located at 2708 Ingersoll Ave. It consists of two commercial buildings totaling 38,492 square feet. The complex is arranged to support a mixed tenant use profile, including restaurant, convenience, and general merchandise, with examples of existing or historically associated tenants such as Panchero’s, Firehouse Subs, Panka Peruvian Restaurant, Dollar General, and Office Max. The site is situated along Ingersoll Avenue west of…

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?
$36k
Tax billed · 2020
Assessed value · 2023$2.16M
Assessed land$282k
Assessed improvement$1.88M
Effective rate1.68%

Value estimate

· Nov 2026
$835k
$752k – $919k
Submarket $/SF estimate$886k
NOI build-up
Gross scheduled income$27k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI · 65,344.83% cap applied$19k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$154/SF
Submarket average, outlier-cleaned · 64 recorded sales of this use type
Observed band · Q1–Q3$76 – $223
Qualifying comparables4

Cap rate analysis

How does the asset earn?
65,344.83%
$19k 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?
NPC
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
Auto Repair Shop10.5
Building Supply10.5

Location

2708 Ingersoll Ave Des Moines, IA 50312
County assessor Recorded deeds · 5 transfers 4 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 · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3800 Ingersoll, Des Moines, IA 50312-3413 $1,425,000 Mar 2024 7,044 SF
801 63rd, Des Moines, IA 50312-1619 $1,200,000 Jul 2023 5,000 SF
6222 Grand, Des Moines, IA 50312-1421 $1,022,000 Oct 2022 6,747 SF
2801 Ingersoll, Des Moines, IA 50312-4012 $1,200,000 Dec 2020 5,215 SF
901 63rd, Des Moines, IA 50312-1621 $2,436,000 Dec 2020 4,514 SF
6011 Grand, Des Moines, IA 50312-1416 $470,000 Nov 2020 5,308 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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