Financial
Distress signals
Property profile

518 Grand Ave Des Moines, IA 50309

OFF-MARKET
Investment properties
Property ID
US25-0447463
5,346 SF 0.04 ac lot Built 1977
Last sale Sep 2005 · $719,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2020

What does the county charge?
$15k
Tax billed · 2020
Assessed value · 2023$296k
Assessed land$25k
Assessed improvement$271k
Effective rate5.17%

Value estimate

· Sep 2026
$295k
$266k – $325k
AI approach$295k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$177/SF
ZIP average, outlier-cleaned · 41 recorded sales of this use type
Observed band · Q1–Q3$79 – $291
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
C-3B
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Tailor Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Tailor Shop9.3
Dry Cleaner8.8
Pet Grooming Service8.2

Location

518 Grand Ave Des Moines, IA 50309-1922
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 13 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
111 7th, Des Moines, IA 50309-4905 $1,350,000 Aug 2024 4,640 SF
603 6th, Des Moines, IA 50309-5446 $1,762,500 Jul 2023 8,072 SF
1435 Mulberry, Des Moines, IA 50309-3624 $2,343,500 Nov 2022 9,016 SF
106 11th, Des Moines, IA 50309-4255 $900,000 Sep 2022 9,570 SF
221 Park, Des Moines, IA 50309-1706 $1,285,500 Jun 2022 6,808 SF
1821 Ingersoll, Des Moines, IA 50309-3333 $2,500,000 Feb 2020 8,182 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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