Property profile

303 Scott Ave Des Moines, IA 50309

OFF-MARKET
Retail properties & Spaces
Property ID
US25-1309399
5,511 SF 0.68 ac lot Built 1963
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1963
Construction STEEL FRAME
Total area 5,511 SF
Lot 0.68 ac (29,487 SF)
APN 040/01670-000-000
UPID US25-1309399

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

303 Scott Ave Des Moines, IA 50309-5144
Des Moines metro Census 5200 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$599k
Blend (final) Blend
$610k

Owner & transaction history

since 2022
7 recorded transactions
2023
Price N/A
2023
Price N/A
2022
$1.8M
2022
Price N/A
2020
$450,000
2018
$260,000
2017
$200,000

Zoning & alternative use

Top alternative use upside
Commercial (general) $975,000 +121.8%
Auto repair, garage $950,000 +116.3%
Medical building $915,000 +109.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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