Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    323 Walnut St Des Moines, IA 50309

    • Investment properties
    • 36,430 SF
    • 0.62 lot acres
    For Lease
    View listing
    $20 SF/Yr
    Value Estimation
    $935,000
    Location Intelligence
    Property ID
    US25-2551036
    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

    • ClinicNote - Global Insurance Accelerator / Insurance Agency

    Property Details for 323 Walnut St

    Year built
    1984
    Construction
    CONCRETE
    Lot size
    0.62 lot acres
    Property size
    36,430 SF
    Zone code
    C-3B
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    040/03824-002-000
    APU
    4003824002000

    Description

    This exceptional executive office building at 323 E Walnut Street in Des Moines, Iowa, offers a variety of flexible spaces for lease. Located in the heart of the city's central business district, this property boasts a total of 9,510 square feet, with multiple tenancy options available. Currently, there are 3,199 square feet of vacant space, divisible into units ranging from a minimum of 487 square feet to a maximum contiguous space of 1,519 square feet. The building sits on a generous 1.22-acre lot and provides ample on-site parking for tenants and their guests. The property is ideally suited for businesses seeking a prestigious address and convenient access to downtown amenities. The address is 323 E Walnut St, Des Moines, IA 50309, within Polk County. This is a fantastic opportunity to secure high-quality office space in a vibrant and thriving urban environment. The flexible space options allow for customization to suit a variety of business needs and sizes. With its central location and ample parking, this property offers unparalleled convenience and accessibility. Don't miss this chance to establish your business in a premier Des Moines location. Contact us today to learn more about leasing opportunities and to schedule a viewing.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $860,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,290,000
      6.5%
      $1,110,000
      7%
      $1,090,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,250,000
      Geo Method
      $1,300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,050,000
      Retail
      $1,135,000
      Mixed-Use
      $1,030,000
      Hospitality
      $1,100,000
      Educational
      $1,360,000
      Residential Income
      $1,105,000
      Energy
      $1,250,000
      Income-Based Land
      $1,315,000
      Food Service
      $1,310,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6125
    Latitude
    41.5879
    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
    $63,764
    $1,040,000
    $560,000
    $1,600,000
    -
    $1,040,000
    $560,000
    $1,600,000

    Comparable in this City

    • Value Estimation by Request
      9,419 SF

      818 5th Ave, Unit 2

      OFFICE/RESIDENTIAL (MIXED USE) • 9,419 SF
      818 5th Ave, Des Moines, IA 50309-1304
      View Details
    • Value Estimation by Request
      73 SF

      300 Walnut St, Unit U29

      OFFICE/RESIDENTIAL (MIXED USE) • 73 SF
      300 Walnut St, Des Moines, IA 50309-2224
      View Details
    • Value Estimation by Request
      156 SF

      300 Walnut St, Unit U7

      OFFICE/RESIDENTIAL (MIXED USE) • 156 SF
      300 Walnut St, Des Moines, IA 50309-2224
      View Details
    • Value Estimation by Request
      174,600 SF

      702 9th St

      OFFICE/RESIDENTIAL (MIXED USE) • 174,600 SF
      702 9th St, Des Moines, IA 50309-5542
      View Details
    • Value Estimation by Request
      109,513 SF

      218 2nd St

      OFFICE/RESIDENTIAL (MIXED USE) • 109,513 SF
      218 2nd St, Des Moines, IA 50309
      View Details
    • Value Estimation by Request
      46,852 SF

      350 Locust St

      OFFICE/RESIDENTIAL (MIXED USE) • 46,852 SF
      350 Locust St, Des Moines, IA 50309-1811
      View Details

    Similar Nearby for Sale

    • $550,000
      2,310 SF

      Des Moines Retail Space: Rooftop Bar

      Prime Des Moines location, 2,310 sq ft, rooftop bar.
      300 Martin Luther King Jr Pkwy, Des Moines, IA 50309
      View Details
    • Contact for pricing
      1.00 Acre

      Des Moines Development Land

      Prime Market District location. Riverfront development opportunity.
      519 4Th St, Des Moines, IA 50309
      View Details
    • Contact for pricing
      400 SF

      Des Moines Executive Office Suites

      Prime Downtown Des Moines Office Space
      615 3Rd St, Des Moines, IA 50309
      View Details
    • $350,000

      Homesite in Gated Beach Community

      Homesite in master-planned community near Avellanas Beach.
      Avemoana Residential Gated Development Project, Des Moines, IA 50309
      View Details
    • $350,000

      Homesite in Exclusive Beach Community

      Homesite in master-planned community near Avellanas Beach.
      Avemoana Residential Gated Development Project, Des Moines, IA 50309
      View Details
    • $1,700,000
      16,104 SF

      Entertainment & Bar Property For Sale

      Real estate, business equipment, furniture, and fixtures included.
      338 SW 6Th St, Des Moines, IA 50309
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      110,000 SF

      Riverview Office: Des Moines Gem

      Des Moines office space, prime location.
      110 Court Ave, Des Moines, IA 50309
      View Details
    • $11 SF/Yr
      8,134 SF

      Downtown Des Moines Office Space

      8,134 SF Executive Office Suite Available
      303 Watson Powell Jr Way, Des Moines, IA 50309
      View Details
    • $20 SF/Yr
      92,296 SF

      Court Avenue Office Space

      Des Moines CBD, IA: Classic office space available.
      100 Court Ave, Des Moines, IA 50309
      View Details
    • $15 SF/Yr
      14,856 SF

      Renovated Office Building with Parking

      Historically renovated office building in the heart of Des Moines.
      213 13Th St, Des Moines, IA 50309
      View Details
    • $18 SF/Yr
      3,851 SF

      Downtown Retail Space for Rent

      Retail space with skywalk access, near dining and nightlife.
      604 Locust St, Des Moines, IA 50309
      View Details
    • $12 SF/Yr
      2,700 SF

      Office Space Near Krause Center

      Office space for lease near restaurants, fitness, and I-235.
      1533-1535 Linden St, Des Moines, IA 50309
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    323 Walnut St
    Des Moines, IA 50309
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.