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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Strip malls
3300 Indianola Ave Des Moines, IA 50315-2961
Entity Owned
12-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0440001
Property summary
AI-generated overview
This exceptional 1,400 square foot medical office space is situated within the Indianola Avenue Plaza, a thriving retail center in Des Moines, Iowa's South Des Moines submarket. Located at 3300 Indianola Ave, zip code 50315, this single-story, Class C building offers a prime opportunity for medical professionals. Built in 1986, the property boasts a total of 18,053 square feet across 11 suites. The available space is immediately ready for occupancy. The property sits on 1.626 acres of land and is part of a vibrant commercial area, benefiting from high traffic volume. Current tenants include a diverse mix of businesses, including restaurants, a grocery store, clothing retailers, and personal care services, creating a strong and established tenant base. The minimum divisible space is 1,400 square feet, with a maximum contiguous space also of 1,400 square feet. This location offers excellent visibility and accessibility, making it an ideal location for a medical practice seeking a high-traffic area with established businesses. The property's APN is 010/03748-003-012.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1986
Construction
STEEL FRAME
Total area
18,053 SF
Lot
1.63 ac (70,829 SF)
Zoning code
C-2
APN
010/03748-003-012
UPID
US25-0440001
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rachael’s Nails and Spa Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$412k
Blend (final)
Blend
$660k
Owner & transaction history
Indianola Avenue Plaza LLC · 12 yrs held
Indianola Avenue Plaza LLC
since 2013
1 recorded transaction
Zoning & alternative use
C-2 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$37 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$48,918
Tax year 2020
Assessed value
$1,530,000
Assessed 2023
Previous assessed
$1,530,000
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$449,000
Assessed improvement
$1,081,000
Land market value
$449,000
Improvement market value
$1,081,000
Total market value
$1,530,000
Applied tax rate
1.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1986
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
5
Bathrooms
2
Total area
18,053 SF
Lot
1.63 ac (70,829 SF)
Zoning code
C-2
APN
010/03748-003-012
UPID
US25-0440001
Jurisdiction
POLK
Zoning & alternative use
C-2 · Des Moines, IAZoning C-2 · permitted uses
C-2 · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
5
Bathrooms
2
Lot
1.63 ac
Current owner
From public records · entity-resolved
Indianola Avenue Plaza LLC
Entity
Mailing address
4904 CODY DR, WEST DES MOINES, IA 50265-2956
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2013
—
Indianola Avenue Plaza LLC
Rustin,cyrus J & Tamera L
Warranty Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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