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Property profile & analytics
FOR SALE
Investment properties
3706 Ingersoll Ave Des Moines, IA 50312
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0294838
For Sale
$985,000
3706 Ingersoll Ave, Des Moines, IA 50312
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Property summary
AI-generated overview
This exceptional three-story office building, located at 3706 Ingersoll Avenue in Des Moines, Iowa, presents a unique investment opportunity. The property, encompassing a total of 4,400 square feet, offers versatile space ideal for a variety of businesses. The building's classification includes both traditional office and retail space, providing flexibility for diverse operational needs. The building consists of three stories, allowing for efficient layout and potential for expansion or separation of office areas. Convenient on-site parking is available for tenants and clients, enhancing the property's appeal and practicality. A significant advantage is the adaptability of the upper two floors
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1987
Construction
FRAME
Total area
7,583 SF
Lot
0.34 ac (14,600 SF)
Zoning code
NPC
APN
090/07905-000-000
UPID
US25-0294838
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
-
Genesis10 Employment Agency
-
Moingoana Remodeling Co Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$806k
Blend (final)
Blend
$985k
Owner & transaction history
H Ronald Walker
H Ronald Walker
1 recorded transaction
Zoning & alternative use
NPC · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+67.7%
Medical building
$1.3M
+62.1%
Restaurant
$1.2M
+50.3%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,295,000
6.5%
$1,195,000
7%
$1,110,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$780,000
Current use
AUTO REPAIR, GARAGE
$1,305,000
Change: +68% · Conversion: Difficult
MEDICAL BUILDING
$1,260,000
Change: +62% · Conversion: Easy
RESTAURANT
$1,170,000
Change: +50% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,115,000
Change: +43% · Conversion: Moderate
RETAIL STORES
$880,000
Change: +13% · Conversion: Easy
WAREHOUSE, STORAGE
$695,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$130 / SF
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
$23,868
Tax year 2020
Assessed value
$767,000
Assessed 2023
Previous assessed
$767,000
+0.0% YoY
Effective rate
3.11%
On assessed value
Assessed land
$154,000
Assessed improvement
$613,000
Land market value
$154,000
Improvement market value
$613,000
Total market value
$767,000
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Sale
Year built
1987
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
1
Stories
3
Rooms
8
Bathrooms
1
Total area
7,583 SF
Lot
0.34 ac (14,600 SF)
Zoning code
NPC
APN
090/07905-000-000
UPID
US25-0294838
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$780,000
AUTO REPAIR, GARAGE
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
RETAIL STORES
Est. value
$880,000
WAREHOUSE, STORAGE
Est. value
$695,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Rooms
8
Bathrooms
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
H Ronald Walker
Individual
Mailing address
646 42ND ST, DES MOINES, IA 50312-2732
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
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
—
—
H Ronald Walker
—
Deed Of Trust
related
$336,846 · Iowa State Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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