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Financial
Distress signals
Property profile

3440 Gannett Ave Des Moines, IA 50321

OFF-MARKET
Warehouses
Property ID
US25-0487988
298,716 SF 18.9 ac lot Built 2011
Last sale Oct 2013 · $897,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This exceptional single-tenant industrial property, located at 3440 Gannett Ave in Des Moines, Iowa, offers a substantial 300,677 square feet of space on 18.903 acres. Built in 2011, this one-story building is ideally suited for manufacturing, flex, warehouse, or distribution operations. The property boasts ample parking with 150 spaces available. The building includes 8,983 square feet of finished office space, along with a convenient 1,431 square foot trucker's lounge and restrooms,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$822k
Tax billed · 2023
Assessed value · 2024$21.60M
Assessed land$1.72M
Assessed improvement$19.88M
Effective rate3.81%

Value estimate

· Oct 2026
$14.98M
$13.48M – $16.48M
Submarket $/SF estimate$10.59M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$92/SF
Submarket average, outlier-cleaned · 123 recorded sales of this use type
Observed band · Q1–Q3$56 – $135

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
PUD
The PUD Legacy District is a zoning classification that is no longer accepting new or expanded applications. Only existing PUDs establish...
General categoryPLANNED_DEVELOPMENT
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply10.4
Wholesale Shop9.4
HVAC Service9.4

Location

3440 Gannett Ave Des Moines, IA 50321-3106
County assessor Recorded deeds · 4 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
5701 Park, Des Moines, IA 50321-1250 $800,000 Feb 2024 515,200 SF
2201 Rittenhouse, Des Moines, IA 50321-3100 $2,400,000 Jan 2024 27,150 SF
5900 Thornton, Des Moines, IA 50321-2426 $1,239,500 Apr 2023 61,320 SF
4600 Park, Des Moines, IA 50321-1237 $3,250,000 Dec 2022 41,280 SF
7400 22nd, Des Moines, IA 50321-1542 $835,000 Jul 2022 73,000 SF
2701 Mckinley, Des Moines, IA 50321-2803 $2,240,000 May 2021 14,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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