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Property profile & analytics
OFF-MARKET
Investment properties

300 Walnut St Ste 295a Des Moines, IA 50309-2212

864 SF 0 ac lot Built 1985
Entity Owned 19-yr Hold Free & Clear
Property ID
US25-0266478
Property summary
AI-generated overview

This exceptional Class A office condo offering presents a unique investment opportunity in Des Moines, Iowa's prestigious Plaza Building at 300 Walnut St, zip code 50309. The property, totaling 22,928 square feet, is comprised of three individual condo units within a single, two-story building. Previously occupied by Reynolds & Reynolds Insurance, this versatile space features multiple conference and board rooms, ideal for a variety of business needs. An internal stairway conveniently connects the first and second floors, enhancing functionality and flow. Access is provided via an exterior entrance from the building's lobby and a second-floor entrance from the skywalk, offering convenient access and high visibility. The sale includes access to 19 underground parking stalls, providing ample parking for employees and clients. The asking price is $1,352,752, translating to a price per square foot of $59. The property's prime location in the heart of Des Moines offers unparalleled access to amenities and a thriving business community. This is a rare chance to acquire a substantial, well-appointed office space in a landmark building. The units can be purchased individually or as a whole, providing flexibility for various investment strategies.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1985
Construction CONCRETE
Total area 864 SF
Lot 0 ac (156 SF)
Zoning code C-3
APN 020/00916-056-000
UPID US25-0266478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Carpenter Law Firm Law Firm
  • Reynolds & Reynolds Inc Insurance Agency
  • Carr Law Firm, P.L.C. Law Firm
  • Bill Blue & Associates Title Company
  • Lucas Taylor, Criminal Defense Lawyer Law Firm
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Blend (final) Blend
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Owner & transaction history
DES MOINES CO
DES MOINES CO
Zoning & alternative use
C-3 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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