Property profile

329 Grand Ave West Des Moines, IA 50265

OFF-MARKET
Grocery and convenience stores
Property ID
US25-1141267
30,184 SF 3.39 ac lot Built 2014
Entity Owned 10-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 2014
Construction STEEL FRAME
Total area 30,184 SF
Lot 3.39 ac (147,538 SF)
APN 320/04115-082-002
UPID US25-1141267

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
  • Grocery & Convenience Store Food Market

Location

329 Grand Ave West Des Moines, IA 50265-3715
West Des Moines metro Census 11111 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
$4.29M
Comparable Approach Comparable
$4.54M
Blend (final) Blend
$3.89M

Owner & transaction history

Zoning & alternative use

Top alternative use upside
Restaurant $5.2M +47.6%
Auto repair, garage $4.7M +33.1%
Apartment house (5+ units) $4.6M +29.8%

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
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 329 Grand Ave?
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