Property profile

520 35th St Des Moines, IA 50312

OFF-MARKET
Investment properties
Property ID
US25-0090390
4,872 SF 0.21 ac lot Built 1956
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant office building, located at 520 35th Street in Des Moines, Iowa, presents a unique opportunity for businesses seeking a prominent location. The property boasts a substantial 4,872 square feet of vacant space, ready for immediate occupancy. Built in 1956, this Class C building sits on a 0.212-acre lot and is ideally suited for executive office use. Its central Des Moines location offers unparalleled convenience, with easy access to a wealth of amenities, restaurants, and public transportation options. The entire building is available, providing ample space for a growing company or a business seeking a significant presence in the city. The property's single-tenant occupancy ensures privacy and control over the entire space. The address is 520 35th Street, Des Moines, IA 50312, within Polk County. This is a rare opportunity to acquire a substantial office space in a highly desirable location. The property's size and location make it an attractive option for businesses seeking a strategic foothold in the thriving Des Moines market. The building's layout is adaptable to a variety of office configurations, allowing for customization to meet specific business needs. This is a turnkey solution for businesses looking for immediate occupancy and a prime location in Des Moines.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1956
Construction STEEL FRAME
Total area 4,872 SF
Lot 0.21 ac (9,240 SF)
Zoning code R-4
APN 090/07928-000-000
UPID US25-0090390

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
  • Charitable Organization Social Service Agency

Location

520 35th St Des Moines, IA 50312-3403
Des Moines metro Census 2900 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$285k

Owner & transaction history

since 2022
Last sale
$295,000
6 recorded transactions
2022
$295,000
2011
$195,000
2010
$135,798
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R-4 · 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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