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Financial
Distress signals
Property profile

5555 Southwest 9Th St Des Moines, IA 50315

FOR SALE
Apartment buildings
Property ID
US25-0163355
23,616 SF 0.73 ac lot Built 1978
Last sale Nov 2019 · $1,478,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2020

What does the county charge?
$30k
Tax billed · 2020
Assessed value · 2023$1.76M
Assessed land$189k
Assessed improvement$1.57M
Effective rate1.72%

Value estimate

· Oct 2026
$1.55M
$1.40M – $1.71M
Submarket $/SF estimate$1.81M
NOI build-up
Gross scheduled income$368k
Vacancy & credit loss−$13k
Operating expenses−$160k
NOI · 11.82% cap applied$195k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$147/SF
Submarket average, outlier-cleaned · 61 recorded sales of this use type
Observed band · Q1–Q3$77 – $252

Cap rate analysis

How does the asset earn?
11.82%
$195k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
C-2
JurisdictionPOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm16.7
Realty agency16.4
Building Supply13.6

Location

5555 Southwest 9Th St Des Moines, IA 50315
County assessor Recorded deeds · 3 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 · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7201 5th, Des Moines, IA 50315-6400 $24,725,000 Feb 2024 24,492 SF
200 Dickman, Des Moines, IA 50315-6262 $24,725,000 Feb 2024 21,648 SF
1201 Bell, Des Moines, IA 50315-7400 $2,715,000 Nov 2022 12,999 SF
810 Payton, Des Moines, IA 50315-5646 $3,725,000 Mar 2022 19,305 SF
5209 9th, Des Moines, IA 50315-7262 $4,100,000 Apr 2020 19,800 SF
100 Mckinley, Des Moines, IA 50315-4174 $1,346,000 Jul 2019 18,576 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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