516 3Rd St Des Moines, IA 50309
Property profile & analytics
516 3Rd St Des Moines, IA 50309
- Investment properties
- 14,340 SF
- 0.19 lot acres
Property ID
US25-0183938
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.
Location Intelligence
Current Use by Public Records
- Juicebox / (Bike/Boat/Book/etc) Store / Corporate Office
- Kinetic Edge Physical Therapy / Medical Clinic
- Beyond Recovery Massage, LLC / Alternative Medicine Practice / Spa & Massage Center
- Todd Calvin Schemper / Physician
- SitelogIQ / Corporate Office
Property Details for 516 3Rd St
- Year built
- 1993
- Construction
- FRAME
- Lot size
- 0.19 lot acres
- Property size
- 14,340 SF
- Zone code
- C-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 030/00251-000-000
- APU
- 3000251000000
Description
This exceptional commercial property at 516 3rd Street in Des Moines, Iowa, offers a fantastic opportunity for businesses seeking flexible office space. Located in Polk County, this two-story building boasts a total of 5,505 square feet, currently entirely vacant and ready for immediate occupancy. The property is situated on a generous 1.22-acre lot, providing ample space and potential for future expansion. The building is classified as Retail, Office, and Restaurant, making it suitable for a variety of uses. Currently configured as traditional office space, it offers multiple tenancy options with a minimum divisible space of 1,118 square feet and a maximum contiguous space of 4,387 square feet. This allows for businesses of various sizes to find a suitable fit. The property's address is 516 3rd Street, Des Moines, IA 50309. Its prime location in Des Moines offers excellent visibility and accessibility, making it an ideal choice for businesses looking to establish a strong presence in the area. The entire 5,505 square feet is available for lease, presenting a unique chance to secure a substantial and versatile commercial space in a thriving Iowa market. Contact us today to learn more about this exciting opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,850,000
- ML approach
- $1,950,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,445,000
- 6.5%
- $2,260,000
- 7%
- $2,095,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,530,000 Current use
- AUTO REPAIR, GARAGE
- $2,470,000 Change: -2% Conversion: Difficult
- MEDICAL BUILDING
- $2,385,000 Change: -6% Conversion: Easy
- RESTAURANT
- $2,215,000 Change: -13% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,110,000 Change: -17% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6218
- Latitude
- 41.5891
- 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
$12,002
$372,000
$100
$372,100
-
$372,000
$100
$372,100
