Entity Owned 
For Sale
1 / 92
$460,000
303 University Ave, Des Moines, IA 50314
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Property summary
AI-generated overview
This exceptional single-story medical office building, located at 303 University Avenue in Des Moines, Iowa, presents a compelling investment opportunity. Boasting 3,623 square feet of well-maintained space, this Class B property is situated on a sizable 0.603-acre lot (26,250 square feet), offering ample parking and visibility. Constructed in 1981 and extensively renovated in 2004, the building benefits from modern updates while retaining its functional layout. The property enjoys a highly desirable location on University Avenue, a major thoroughfare with exceptional daily traffic volume exceeding 16,000 vehicles. Its convenient access and prominent street frontage make it an ideal location for a variety of medical practices. The asking price for this turnkey medical office building is $460,000. This represents a significant opportunity to acquire a well-established property in a thriving Des Moines neighborhood within Polk County, zip code 50314. The property's size, location, and recent renovations make it an attractive investment for both established and emerging medical professionals. This is a rare opportunity to own a well-positioned medical office building in a high-traffic area of Des Moines.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
FRAME
Total area
3,623 SF
Lot
0.6 ac (26,250 SF)
Zoning code
M-1
APN
080/06053-001-000
UPID
US25-0255377
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
-
Physician
-
Physician
-
Physician
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$335k
Owner & transaction history
Zoning & alternative use
M-1 · Des Moines, IA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
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Summary
1
Valuation conclusion
Included free
Estimated market value
$335k
Value range
$302k – $369k
±10% around blend
Estimated value / SF
$92 / SF
Confidence
Property data
100
Market benchmarks
67
Comparable evidence
60
$302k
blend $335k
$369k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
3,623 SF
Lot area
0.6 ac
Year built
1981
Stories
1
APN
080/06053-001-000
Zoning
M-1
Assessed value
$552,000
Annual tax
$15,406
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$335k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 22 sales
$166
-44%
County 46 sales
$151
-39%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $92/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$552k
Move the market yield to see immediate price impact.
Value / SF
$152
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$35k
$696k
$497k
$386k
$39k
$773k
$552k
$429k
$43k
$850k
$607k
$472k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$15,406
Tax year 2020
Assessed value
$552,000
Assessed 2023
Previous assessed
$552,000
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$111,000
Assessed improvement
$441,000
Land market value
$111,000
Improvement market value
$441,000
Total market value
$552,000
Applied tax rate
1.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1981
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
8
Bathrooms
1
Total area
3,623 SF
Lot
0.6 ac (26,250 SF)
Zoning code
M-1
APN
080/06053-001-000
UPID
US25-0255377
Jurisdiction
POLK
Zoning & alternative use
M-1 · Des Moines, IAZoning M-1 · permitted uses
M-1 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1981
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
1
Lot
0.6 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
M-1
Jurisdiction
Des Moines, IA
Recorded code
M-1
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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