Financial
Distress signals
Property profile

520 Walnut St Des Moines, IA 50309

OFF-MARKET
Other commercial real estate
Property ID
US25-0382818
84,465 SF 0.45 ac lot Built 1979
Last sale Nov 2021 · $1,250,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This is an office property located at 520 Walnut St in Des Moines, Iowa. The space is approximately 15,750 square feet and is configured for office use.

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?
$142k
Tax billed · 2020
Assessed value · 2023$3.06M
Assessed land$1.29M
Assessed improvement$1.77M
Effective rate4.63%

Value estimate

· Sep 2026
$1.47M
$1.32M – $1.61M
AI approach$1.42M

Realmo valuation models over county records.

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

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-3
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.7
Tailor Shop8.3
Butcher8.2

Location

520 Walnut St Des Moines, IA 50309-4140
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file 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 · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
206 8th, Des Moines, IA 50309-3805 $32,000,000 May 2025 209,469 SF
801 Walnut, Des Moines, IA 50309-3606 $32,000,000 May 2025 335,556 SF
1200 Locust, Des Moines, IA 50309-3052 $30,000,000 Dec 2023 371,920 SF
200 10th, Des Moines, IA 50309-3609 $8,750,000 Jun 2023 61,637 SF
904 Walnut, Des Moines, IA 50309-3507 $3,172,000 Feb 2022 95,667 SF
1400 Walnut, Des Moines, IA 50309-3427 $15,880,000 Jan 2022 94,510 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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