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    Property profile & analytics

    3422 Ingersoll Ave Des Moines, IA 50312-3916

    • Banks
    • 2,360 SF
    • 0.37 lot acres
    OFF-MARKET
    Value Estimation
    $570,000
    Last Sale
    Sep 07, 2023
    $500,000
    Location Intelligence
    Property ID
    US25-0392817
    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

    • K&I Portable Potty Solutions / Portable Toilet Supplier
    • Bank of America Mortgage / Mortgage Broker / Mortgage Lender

    Property Details for 3422 Ingersoll Ave

    Year built
    1973
    Construction
    STEEL FRAME
    Lot size
    0.37 lot acres
    Property size
    2,360 SF
    Zone code
    NPC
    Property type
    Banks
    APN
    090/06469-000-000
    APU
    9006469000000

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $565,000

    • CAP approach

      CAP return
      Estimation
      6%
      $490,000
      6.5%
      $500,000
      7%
      $495,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $600,000
      Geo Method
      $630,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $615,000
      Retail
      $510,000
      Mixed-Use
      $620,000
      Hospitality
      $540,000
      Educational
      $560,000
      Residential Income
      $525,000
      Energy
      $530,000
      Income-Based Land
      $470,000
      Food Service
      $505,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6638
    Latitude
    41.586
    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
    $18,630
    $206,000
    $415,000
    $621,000
    -
    $206,000
    $415,000
    $621,000

    Comparable in this City

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    • Value Estimation by Request
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      3521 Ingersoll Ave

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    • Value Estimation by Request
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    Des Moines, IA 50312-3916
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    Realmo Value Estimation

    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.

    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.

    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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