Property profile

323 University Ave Des Moines, IA 50314

OFF-MARKET
Investment properties
Property ID
US25-0246865
4,818 SF 0.27 ac lot Built 1961
Entity Owned Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1961
Construction CONCRETE
Total area 4,818 SF
Lot 0.27 ac (11,865 SF)
Zoning code C-2
APN 080/06045-001-000
UPID US25-0246865

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
  • Insurance Agency

Location

323 University Ave Des Moines, IA 50314-3126
Des Moines metro Census 4900 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$760k
Comparable Approach Comparable
by Request
Blend (final) Blend
$300k

Owner & transaction history

Zoning & alternative use

C-2 · Des Moines, IA
Top alternative use upside
Auto repair, garage $830,000 +67.7%
Medical building $800,000 +62.1%
Retail stores $560,000 +13.1%

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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