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    Property profile & analytics

    3430 Martin Luther King Jr Pkwy Des Moines, IA 50310

    • Strip malls
    • 12,212 SF
    • 1.13 lot acres
    For Sale
    View listing
    $975,000
    Value Estimation
    Location Intelligence
    Property ID
    US25-0358429
    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

    • Arona Home Essentials Des Moines / Appliance Store / Bedroom Furniture Store

    Property Details for 3430 Martin Luther King Jr Pkwy

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    1.13 lot acres
    Property size
    12,212 SF
    Zone code
    C-4
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    080/01819-007-000
    APU
    8001819007000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $240,000
      6.5%
      $230,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $205,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $220,000
      Mixed-Use
      $205,000
      Hospitality
      $240,000
      Educational
      $245,000
      Residential Income
      $250,000
      Energy
      $245,000
      Income-Based Land
      $215,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6524
    Latitude
    41.6265
    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
    $10,662
    $208,000
    $207,000
    $415,000
    -
    $208,000
    $207,000
    $415,000

    Comparable in this City

    • Value Estimation by Request
      15,344 SF

      3801 Merle Hay Rd

      SHOPPING CENTER, STRIP CENTER • 15,344 SF
      3801 Merle Hay Rd, Des Moines, IA 50310-1306
      View Details
    • Value Estimation by Request
      9,280 SF

      3737 Merle Hay Rd

      SHOPPING CENTER, STRIP CENTER • 9,280 SF
      3737 Merle Hay Rd, Des Moines, IA 50310-1239
      View Details
    • Value Estimation
      $395,000
      6,938 SF

      2720 Douglas Ave

      SHOPPING CENTER, STRIP CENTER • 6,938 SF
      2720 Douglas Ave, Des Moines, IA 50310-5839
      View Details
    • Value Estimation
      $400,000
      6,400 SF

      3617 Beaver Ave

      SHOPPING CENTER, STRIP CENTER • 6,400 SF
      3617 Beaver Ave, Des Moines, IA 50310-3246
      View Details
    • Value Estimation by Request
      46,836 SF

      3839 Merle Hay Rd

      SHOPPING CENTER, STRIP CENTER • 46,836 SF
      3839 Merle Hay Rd, Des Moines, IA 50310-1307
      View Details
    • Value Estimation by Request
      8,052 SF

      4212 Douglas Ave

      SHOPPING CENTER, STRIP CENTER • 8,052 SF
      4212 Douglas Ave, Des Moines, IA 50310-3659
      View Details

    Similar Nearby for Sale

    • $975,000
      12,220 SF

      Retail Space in Harding Hills

      Junior anchor space available for sale or lease.
      3430 Martin Luther King Jr Pkwy, Des Moines, IA 50310
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      Freestanding Retail Building For Sale

      Freestanding retail building with showroom, warehouse, and office space.
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      Des Moines Industrial Flex Space

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      Des Moines Commercial Land Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      56,700 SF

      Des Moines Retail Space - Merle Hay Rd

      High-profile retail space, Des Moines, IA.
      4343 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • Contact for pricing
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      Haymarket Square: Retail Opportunity

      Prime Shopping Center, 5 Spaces Available
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      View Details
    • Contact for pricing
      223,876 SF

      Des Moines Retail Space Available

      Prime Retail Space, Multiple Units Available
      4094 Merle Hay Rd, Des Moines, IA 50310
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    • $9 SF/Yr
      25,187 SF

      Franklin Plaza Shops: Office Suites

      Prime Polk County office space available.
      4944 Franklin Ave, Des Moines, IA 50310
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    • $24 SF/Yr
      4,092 SF

      Freestanding Retail Space on Corner

      Retail property with high visibility and existing restaurant infrastructure.
      4212 Merle Hay Rd, Des Moines, IA 50310
      View Details
    • $10 SF/Yr
      22,220 SF

      Automotive Property with Outdoor Storage

      Turnkey automotive property with paint booth and outdoor storage.
      4410 Merle Hay Rd, Des Moines, IA 50310
      View Details
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    Des Moines, IA 50310
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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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