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Property profile & analytics
OFF-MARKET
Banks
3422 Ingersoll Ave Des Moines, IA 50312-3916
Individually Owned
Absentee Owner
Free & Clear
Property ID
US25-0392817
Property summary
AI-generated overview
This exceptional 2,360 square foot executive office space, located at 3422 Ingersoll Avenue in Des Moines, Iowa, presents a unique opportunity for a single tenant. Situated on a 0.37-acre lot, this property boasts a convenient location in Polk County's vibrant Ingersoll and Grand business district, bridging downtown and the west side. Built in 1973, the building offers ample visibility on a major thoroughfare. The property includes 5-6 on-site parking spaces, supplemented by readily available street parking on Ingersoll Avenue and 35th Street. Additional parking options may be negotiable. Currently vacant, the 2,360 square feet of space offers flexibility for a variety of uses, including retail or office, and is adaptable to suit specific tenant needs. The asking rate is $18.75 NNN, with a minimum 5-year lease term. Tenant improvement allowances are negotiable. Surrounded by exciting redevelopment projects, this property offers a dynamic and thriving environment for a growing business. The zip code is 50312.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1973
Construction
STEEL FRAME
Total area
2,360 SF
Lot
0.37 ac (16,200 SF)
Zoning code
NPC
APN
090/06469-000-000
UPID
US25-0392817
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
-
K&I Portable Potty Solutions Building Supply
-
Bank of America Mortgage Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
BANK AMERICA · 3 yrs held
BANK AMERICA
since 2023
Last sale
$500,000
1 recorded transaction
Zoning & alternative use
NPC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,630
Tax year 2020
Assessed value
$621,000
Assessed 2023
Previous assessed
$621,000
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$206,000
Assessed improvement
$415,000
Land market value
$206,000
Improvement market value
$415,000
Total market value
$621,000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
1
Rooms
8
Bathrooms
2
Total area
2,360 SF
Lot
0.37 ac (16,200 SF)
Zoning code
NPC
APN
090/06469-000-000
UPID
US25-0392817
Jurisdiction
POLK
Zoning & alternative use
NPC · Des Moines, IA
Zoning NPC · permitted uses
NPC · Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Des Moines. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1973
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
1
Rooms
8
Bathrooms
2
Lot
0.37 ac
Current owner
From public records · entity-resolved
BANK AMERICA
Individual
Free & Clear · 3 yrs held
Mailing address
700 OAKMONT LN FL #2, WESTMONT, IL 60559-9606
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Sep 7, 2023
$500,000
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—
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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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