Property profile

4505 Douglas Ave Des Moines, IA 50310

OFF-MARKET
Banks
Property ID
US25-0342145
13,019 SF 3.14 ac lot Built 1995
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,824-square-foot executive office building, located at 4505 Douglas Ave in Des Moines, Iowa, presents a unique investment opportunity. Built in 1966 and extensively remodeled in 1995, the property boasts a Class B designation and sits on a substantial 3.14-acre lot (136,683 square feet), zoned MX1 – Mixed Use District, offering considerable flexibility for future development. The building's former use as a bank provides a solid foundation for a variety of executive office configurations. Its prime location offers excellent visibility and accessibility, with a daily traffic count of 17,500 vehicles on Douglas Avenue. The property is conveniently situated near a wealth of restaurants, retail establishments, and other amenities, ensuring a vibrant and convenient environment for tenants and employees. The asking price for this remarkable property is $1,400,000. This presents a compelling opportunity to acquire a well-maintained, strategically located office building with significant potential for growth and return on investment in the thriving Des Moines market. The property's size and zoning allow for diverse uses within the mixed-use district, making it an attractive prospect for both established businesses and forward-thinking investors. The substantial lot size also offers ample room for expansion or future development. This is a rare opportunity to acquire a significant commercial property in a desirable location.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1995
Construction CONCRETE
Total area 13,019 SF
Lot 3.14 ac (136,691 SF)
Zoning code C-2
APN 100/07376-001-000
UPID US25-0342145

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service
  • Loan Service Bank
  • Atm

Location

4505 Douglas Ave Des Moines, IA 50310-2711
Des Moines metro Census 801 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
by Request
Comparable Approach Comparable
$627k
Blend (final) Blend
$580k

Owner & transaction history

since 2025
5 recorded transactions
2025
$900,000
2010
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

C-2 · Des Moines, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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