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    Property profile & analytics

    401 Grand Ave Des Moines, IA 50309-2381

    • Parking lots & garages
    • 35,424 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $600,000
    Location Intelligence
    Property ID
    US25-0238860
    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

    • Brown Garage / Auto Repair Shop
    • Domino's Pizza / Pizza Delivery / Chicken Wings Restaurant
    • AC Hotel Des Moines East Village / Hotel / Meeting Planning Service
    • Keck Parking / Parking Garage / Parking Lot
    • Parking Inc / Parking Lot

    Property Details for 401 Grand Ave

    Year built
    1925
    Construction
    STEEL FRAME
    Lot size
    0.21 lot acres
    Property size
    35,424 SF
    Zone code
    C-3
    Property type
    Parking lots & garages
    APN
    030/03731-000-000
    APU
    3003731000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $615,000

    • CAP approach

      CAP return
      Estimation
      6%
      $595,000
      6.5%
      $665,000
      7%
      $620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $515,000
      Geo Method
      $635,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $525,000
      Retail
      $635,000
      Mixed-Use
      $550,000
      Hospitality
      $565,000
      Educational
      $645,000
      Residential Income
      $690,000
      Energy
      $575,000
      Income-Based Land
      $575,000
      Food Service
      $585,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.623
    Latitude
    41.5886
    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
    $22,896
    $496,000
    $60,000
    $556,000
    -
    $496,000
    $60,000
    $556,000

    Comparable in this City

    • Value Estimation by Request
      565,024 SF

      1200 Mulberry St

      PARKING GARAGE, PARKING STRUCTURE • 565,024 SF
      1200 Mulberry St, Des Moines, IA 50309
      View Details
    • Value Estimation by Request
      269,600 SF

      750 Mulberry St

      PARKING GARAGE, PARKING STRUCTURE • 269,600 SF
      750 Mulberry St, Des Moines, IA 50309
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    • Value Estimation by Request
      83,372 SF

      516 4th St

      PARKING GARAGE, PARKING STRUCTURE • 83,372 SF
      516 4th St, Des Moines, IA 50309
      View Details
    • Value Estimation by Request
      524,144 SF

      1100 Woodland Ave

      PARKING GARAGE, PARKING STRUCTURE • 524,144 SF
      1100 Woodland Ave, Des Moines, IA 50309
      View Details
    • Value Estimation by Request
      373 SF

      Des Moines, IA 50309

      PARKING GARAGE, PARKING STRUCTURE • 373 SF
      Des Moines, IA 50309
      View Details
    • Value Estimation by Request
      95,384 SF

      712 6th St

      PARKING GARAGE, PARKING STRUCTURE • 95,384 SF
      712 6th St, Des Moines, IA 50309-5207
      View Details

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    401 Grand Ave
    Des Moines, IA 50309-2381
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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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