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    Property profile & analytics

    2930 University Ave Des Moines, IA 50317-8236

    • Retail space
    • 15,048 SF
    • 2.21 lot acres
    OFF-MARKET
    Value Estimation
    $5,975,000
    Last Sale
    Jun 23, 2020
    $6,039,000
    Location Intelligence
    Property ID
    US25-2499958
    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

    • Walgreens Pharmacy / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • FedEx OnSite / Mailing Service
    • Walgreens / Cosmetics Store / Greeting Card Shop
    • Western Union / Money Transfer Service

    Property Details for 2930 University Ave

    Year built
    2000
    Construction
    STEEL FRAME
    Lot size
    2.21 lot acres
    Property size
    15,048 SF
    Zone code
    C-2
    Property type
    Retail space
    APN
    060/06451-004-001
    APU
    6006451004001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,025,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,375,000
      6.5%
      $6,610,000
      7%
      $5,985,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,505,000
      Geo Method
      $5,590,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,230,000
      Retail
      $5,395,000
      Mixed-Use
      $6,355,000
      Hospitality
      $5,340,000
      Educational
      $5,585,000
      Residential Income
      $5,725,000
      Energy
      $4,950,000
      Income-Based Land
      $4,995,000
      Food Service
      $5,750,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5592
    Latitude
    41.601
    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
    $85,352
    $913,000
    $1,667,000
    $2,580,000
    -
    $913,000
    $1,667,000
    $2,580,000

    Comparable in this City

    • Value Estimation by Request
      7,199 SF

      2548 Hubbell Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,199 SF
      2548 Hubbell Ave, Des Moines, IA 50317-6102
      View Details
    • Value Estimation
      $70,000
      2,126 SF

      1700 27th St

      RETAIL STORES (PERSONAL SERVICES) • 2,126 SF
      1700 27th St, Des Moines, IA 50317-6136
      View Details
    • Value Estimation
      $245,000
      2,326 SF

      2501 Hubbell Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,326 SF
      2501 Hubbell Ave, Des Moines, IA 50317-6101
      View Details
    • Value Estimation
      $205,000
      2,880 SF

      4455 Hubbell Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,880 SF
      4455 Hubbell Ave, Des Moines, IA 50317-4666
      View Details
    • Value Estimation
      $375,000
      3,980 SF

      2824 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,980 SF
      2824 University Ave, Des Moines, IA 50317-8234
      View Details
    • Value Estimation
      $210,000
      4,864 SF

      2715 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,864 SF
      2715 University Ave, Des Moines, IA 50317-8241
      View Details

    Similar Nearby for Sale

    • $1,250,000
      2.06 Acres

      Des Moines Retail & Land Investment

      Prime University Ave Storefront, Redevelopment Potential
      2715 University Ave, Des Moines, IA 50317
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    • $750,000
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      Mixed-Use Property Near Downtown

      8,880 SF property with apartments and commercial space.
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    • $500,000
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    • $3,100,000
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      20,000 SF Leased Auto Shop

      20,000 SF auto shop with NNN lease for sale.
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    • $700,000
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      Des Moines QSR Investment Opportunity

      High-traffic QSR building, drive-thru, 3881 SF.
      2517 Hubbell Ave, Des Moines, IA 50317
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    • $81,000
      0.22 Acres

      Residential Land in Des Moines

      Land for new home construction with tax abatement in Des Moines.
      5694 Walnut Ridge Dr, Des Moines, IA 50317
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      2,800 SF

      Retail Space on High-Traffic Corridor

      Retail space with high visibility and street frontage available for lease.
      2450-2480 E Euclid Ave, Des Moines, IA 50317
      View Details
    • $8 SF/Yr
      3,366 SF

      Retail Space Near Interstate 235

      Retail property with direct access to I-235 and ample parking.
      2545 E Euclid Ave, Des Moines, IA 50317
      View Details
    • $15 SF/Yr
      797 SF

      Retail Spaces Available For Lease

      Retail spaces for lease with front door parking and signage.
      2355 E University Ave, Des Moines, IA 50317
      View Details
    • $9 SF/Yr
      36,000 SF

      Hubbell Avenue Retail/Warehouse Space

      Retail/warehouse space with outdoor storage, near major highways.
      4905 Hubbell Ave, Des Moines, IA 50317
      View Details
    • $9 SF/Yr
      4,790 SF

      East Pointe Plaza: Des Moines Office

      Des Moines executive office suites available.
      2574 Hubbell Ave, Des Moines, IA 50317
      View Details
    • $4 SF/Yr
      130,078 SF

      Des Moines Warehouse Space Available

      130,078 SF Warehouse, Des Moines, IA
      2425 Hubbell Ave, Des Moines, IA 50317
      View Details
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    2930 University Ave
    Des Moines, IA 50317-8236
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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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