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    Property profile & analytics

    500 7th St Des Moines, IA 50309-4506

    • Investment properties
    • 95,115 SF
    • 4.70 lot acres
    OFF-MARKET
    Value Estimation
    $4,455,000
    Last Sale
    Dec 22, 2021
    $4,300,000
    Location Intelligence
    Property ID
    US25-0343991
    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

    • Infinite Resources Staffing & Recruiting / Employment Agency
    • MercyOne Des Moines Home Care and Hospice Care / Hospice / Home Health Care Service
    • Hubbell Historical Center / Museum / Science Museum
    • Polk County Mental Health Unit / Public Health Department
    • P & E Engineering / Engineering Consultant / Engineer

    Property Details for 500 7th St

    Year built
    1990
    Construction
    STEEL FRAME
    Lot size
    4.70 lot acres
    Property size
    95,115 SF
    Zone code
    C-3A
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    020/02077-112-001
    APU
    2002077112001

    Description

    RiverPoint, located at 500 SW 7th St, Des Moines, IA 50315, offers a prime opportunity for businesses seeking office space in the vibrant Riverpoint district. This three-story, Class C building, constructed in 1989, boasts a total of 95,115 square feet, with 3,485 square feet currently vacant. The building features a traditional office layout, but also caters to executive and creative office needs. The open foyer, extensive glass lines, and unique design provide tenants with abundant natural light and fantastic downtown views. The property offers convenient access to a variety of new living and retail amenities, plus multiple public transit routes, ensuring easy commutes and access to area businesses and activities. Free surface parking is available for tenants and visitors. Recent updates have enhanced the exterior entry patio and common lobby areas, creating an inviting atmosphere. One available space of 902 square feet is currently listed. The building is a single structure with multiple tenants.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,100,000
      6.5%
      $4,220,000
      7%
      $4,825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,875,000
      Geo Method
      $4,295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,760,000
      Retail
      $4,780,000
      Mixed-Use
      $4,740,000
      Hospitality
      $3,950,000
      Educational
      $4,285,000
      Residential Income
      $4,395,000
      Energy
      $5,195,000
      Income-Based Land
      $3,905,000
      Food Service
      $4,660,000

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.624
    Latitude
    41.5775
    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
    $171,646
    $2,050,000
    $2,210,000
    $4,260,000
    -
    $2,050,000
    $2,210,000
    $4,260,000

    Comparable in this City

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      300 Walnut St, Unit 35

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      900 Keosauqua Way

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      395,100 SF

      1716 Locust St

      OFFICE/RESIDENTIAL (MIXED USE) • 395,100 SF
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      104,749 SF

      219 8th St

      OFFICE/RESIDENTIAL (MIXED USE) • 104,749 SF
      219 8th St, Des Moines, IA 50309-3804
      View Details
    • Value Estimation by Request
      66,824 SF

      111 Grand Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 66,824 SF
      111 Grand Ave, Des Moines, IA 50309-1884
      View Details

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    Similar Nearby for Lease

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      Des Moines Retail Space: Prime Location

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      RiverPoint Flex Space: Des Moines

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    500 7th St
    Des Moines, IA 50309-4506
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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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