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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3300 Indianola Ave Des Moines, IA 50315-2961

    • Strip malls
    • 18,053 SF
    • 1.63 lot acres
    OFF-MARKET
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0440001
    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

    • Rachael’s Nails and Spa / Nail Salon

    Property Details for 3300 Indianola Ave

    Year built
    1986
    Construction
    STEEL FRAME
    Lot size
    1.63 lot acres
    Property size
    18,053 SF
    Zone code
    C-2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    010/03748-003-012
    APU
    1003748003012

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $411,000
      Market price range: $352k - $801k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5981
    Latitude
    41.5541
    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
    $48,918
    $449,000
    $1,081,000
    $1,530,000
    -
    $449,000
    $1,081,000
    $1,530,000

    Comparable in this City

    • Value Estimation
      $515,000
      5,412 SF

      1938 6th St, Unit 101

      SHOPPING CENTER, STRIP CENTER • 5,412 SF
      1938 6th St, Des Moines, IA 50315-1409
      View Details
    • Value Estimation
      $690,000
      18,900 SF

      1300 Army Post Rd

      SHOPPING CENTER, STRIP CENTER • 18,900 SF
      1300 Army Post Rd, Des Moines, IA 50315-5983
      View Details
    • Value Estimation by Request
      3,431 SF

      904 Army Post Rd

      SHOPPING CENTER, STRIP CENTER • 3,431 SF
      904 Army Post Rd, Des Moines, IA 50315-5570
      View Details
    • Value Estimation
      $780,000
      8,240 SF

      Des Moines, IA 50315

      SHOPPING CENTER, STRIP CENTER • 8,240 SF
      Des Moines, IA 50315
      View Details
    • Value Estimation
      $670,000
      4,401 SF

      2619 9th St

      SHOPPING CENTER, STRIP CENTER • 4,401 SF
      2619 9th St, Des Moines, IA 50315-1910
      View Details
    • Value Estimation
      $1,965,000
      59,186 SF

      200 Army Post Rd

      SHOPPING CENTER, STRIP CENTER • 59,186 SF
      200 Army Post Rd, Des Moines, IA 50315-6203
      View Details

    Similar Nearby for Sale

    • $500,000
      3,223 SF

      Des Moines Auto Shop For Sale

      Former auto body shop in high-traffic Des Moines location.
      1424 Army Post Rd, Des Moines, IA 50315
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    • $530,000
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      Des Moines Office Portfolio Sale

      Two buildings, high ROI potential.
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    • $395,000
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      Army Post Road Commercial Building

      Commercial building on Army Post Road with showroom and office space.
      1202 Army Post Rd, Des Moines, IA 50315
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    • $1,200,000
      8,896 SF

      Freestanding Retail Building For Sale

      Retail building plus two lots for sale near Hy-Vee.
      1101 E Army Post Rd, Des Moines, IA 50315
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    • $225,000
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      Historic Mixed-Use Property For Sale

      Unique mixed-use property with commercial space and residential apartments.
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    • $395,000
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      Des Moines Restaurant - Turnkey Opportunity

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    Similar Nearby for Lease

    • $12 SF/Yr
      1,600 SF

      Updated Retail Space For Rent

      Recently updated 1600 SF retail space near downtown.
      3205-3207 SW 9Th St, Des Moines, IA 50315
      View Details
    • $16 SF/Yr
      1,800 SF

      Restaurant/Retail Space For Lease

      Equipped restaurant/retail space with high visibility, convenient location.
      1103 Army Post Rd, Des Moines, IA 50315
      View Details
    • Contact for pricing
      310,000 SF

      Proposed Industrial Facility with Abatement

      Proposed industrial facility offering 310,000 SF with tax abatement.
      1717 E Army Post Rd, Des Moines, IA 50315
      View Details
    • $9 SF/Yr
      6,000 SF

      Industrial Space Available For Lease

      6,000 SF industrial space available for lease.
      5020-5034 Park Ave, Des Moines, IA 50315
      View Details
    • Contact for pricing
      8,000 SF

      Divisible Warehouse Space Available

      Up to 145,000 RSF available with shared access.
      1901 Bell Ave, Des Moines, IA 50315
      View Details
    • $10 SF/Yr
      1,630 SF

      Des Moines Office Space Available

      1,630 SF office space for lease in Des Moines.
      4601-4605 SW 9Th St, Des Moines, IA 50315
      View Details
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    Des Moines, IA 50315-2961
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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