Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

324 1st St West Des Moines, IA 50265

OFF-MARKET
Other investment properties
Property ID
US25-0177196
2,095 SF 0.44 ac lot Built 1939
Last sale Jun 2026 · $540,000
Individually Owned Owner of record is an individual. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Built in 1939, the property consists of a frame four-bedroom vintage residence and a separate back building oriented to office use. The office building contains three office suites plus a waiting area, kitchenette, and bathroom. An additional 22 x 24 outbuilding provides enclosed space suitable for storage or workshop use. The lot size is 0.442 acres and includes 15 private off-street parking spaces in addition to on-street parking. The site is served by public water and public sewer and…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$7k
Tax billed · 2020
Assessed value · 2023$256k
Assessed land$194k
Assessed improvement$62k
Effective rate2.62%

Value estimate

· Oct 2026
$230k
$207k – $253k
AI approach$230k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$110/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$69 – $154
Qualifying comparables7

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
VJC
Valley Junction commercial areas shall be designated to provide for commercial uses which are oriented toward the motoring public along F...
General categoryCOMMERCIAL
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center8.9
Dry Cleaner8.7
Shoe Repair8.6

Location

324 1st St West Des Moines, IA 50265-4601
County assessor Recorded deeds · 6 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 8 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1116 Grand, West Des Moines, IA 50265-3520 $205,000 Feb 2025 2,014 SF
974 73rd, West Des Moines, IA 50265-1024 $150,000 Feb 2025 1,875 SF
544 4th, West Des Moines, IA 50265-4620 $300,000 Apr 2023 1,564 SF
328 5th, West Des Moines, IA 50265-4632 $55,000 Feb 2023 1,784 SF
1000 73rd, West Des Moines, IA 50265-1321 $58,000 Jan 2023 1,775 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 324 1st St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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
Why this one?
Saved
Reason not saved — we won't ask again