Financial
Distress signals
Property profile

666 Grand Ave Des Moines, IA 50309

FOR LEASE
Other commercial real estate
Property ID
US25-0113250
585,881 SF 0.85 ac lot Built 1973
Last sale Nov 2018 · $1,450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The Ruan Center is a high-rise office building in the Des Moines skyline that contains 460,000 square feet of office space distributed across 34 floors. It features floor plates of approximately 13,950 square feet, allowing configuration for a range of tenant sizes. In addition to office use, the building includes retail space at street level and at skywalk level.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included 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?
$935k
Tax billed · 2020
Assessed value$22.80M
Assessed land$2.65M
Assessed improvement$20.15M
Effective rate4.10%

Value estimate

· Sep 2026
$22.71M
$20.44M – $24.98M
Sales comparison$20.87M

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: Barber Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Barber Shop10.8
Convenience Store10.3
Nursing Home12.0

Location

666 Grand Ave Des Moines, IA 50309
County assessor Recorded deeds · 6 transfers 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 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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