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    Property profile & analytics

    2801 Grand Ave Des Moines, IA 50312-4209

    • Apartment buildings
    • 16,112 SF
    • 0.95 lot acres
    OFF-MARKET
    Value Estimation
    $3,085,000
    Last Sale
    Sep 24, 2020
    $3,030,000
    Location Intelligence
    Property ID
    US25-0190702
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Acadian Manor Apartments / Apartment Building
    • Reagan House / Apartment Complex

    Property Details for 2801 Grand Ave

    Year built
    2021
    Construction
    FRAME
    Lot size
    0.95 lot acres
    Property size
    16,112 SF
    Zone code
    R-4
    Property type
    Apartment buildings
    APN
    090/06297-001-000
    APU
    9006297001000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,020,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,995,000
      6.5%
      $3,185,000
      7%
      $3,005,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,245,000
      Geo Method
      $3,295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,185,000
      Retail
      $2,765,000
      Mixed-Use
      $2,940,000
      Hospitality
      $3,450,000
      Educational
      $2,965,000
      Residential Income
      $2,995,000
      Energy
      $3,730,000
      Income-Based Land
      $3,730,000
      Food Service
      $3,575,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6552
    Latitude
    41.5848
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $50,644
    $176,000
    $3,374,000
    $3,550,000
    -
    $176,000
    $3,374,000
    $3,550,000

    Comparable in this City

    • Value Estimation by Request
      10,653 SF

      3612 Ingersoll Ave

      Multifamily properties • 10,653 SF
      3612 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • Value Estimation by Request
      47,944 SF

      4000 Ingersoll Ave

      APARTMENT HOUSE (5+ UNITS) • 47,944 SF
      4000 Ingersoll Ave, Des Moines, IA 50312-2702
      View Details
    • Value Estimation by Request
      119,039 SF

      3333 Grand Ave

      Multifamily properties • 119,039 SF
      3333 Grand Ave, Des Moines, IA 50312
      View Details
    • Value Estimation by Request
      20,608 SF

      511 29th St

      APARTMENT HOUSE (5+ UNITS) • 20,608 SF
      511 29th St, Des Moines, IA 50312-4039
      View Details
    • Value Estimation by Request
      10,017 SF

      3003 Woodland Ave

      APARTMENT HOUSE (5+ UNITS) • 10,017 SF
      3003 Woodland Ave, Des Moines, IA 50312-3815
      View Details
    • Value Estimation
      $1,835,000
      17,376 SF

      3927 Ingersoll Ave

      APARTMENT HOUSE (5+ UNITS) • 17,376 SF
      3927 Ingersoll Ave, Des Moines, IA 50312-3512
      View Details

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    Similar Nearby for Lease

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      Standalone building on Ingersoll Avenue, ideal for office or retail.
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    • $34 SF/Yr
      9,560 SF

      Ingersoll Avenue Retail Space

      Versatile ground level retail space in a modern, sustainable building.
      3404-3422 Ingersoll Ave, Des Moines, IA 50312
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    • $20 SF/Yr
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      Grand Avenue Office Building

      Five-story office building in DMU32 Health and Business Complex.
      3440 Grand Ave, Des Moines, IA 50312
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    • $12 SF/Yr
      11,920 SF

      Des Moines Office Space for Lease

      Prime Des Moines office, flexible suites available.
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    • $11 SF/Yr
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      Terrace Center Office Space Available

      Class A Office, Des Moines, Ample Parking
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    • $10 SF/Yr
      51,058 SF

      Des Moines Executive Office Suites

      Class A Office Space, Des Moines, IA
      2600 Grand Ave, Des Moines, IA 50312
      View Details
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    Des Moines, IA 50312-4209
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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