Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    FOR SALE
    Investment properties

    777 3Rd St, Des Moines, IA 50309

    34,660 SF 0.84 ac lot Built 1995
    Individually Owned 26-yr Hold ~ Est. High Equity
    Property ID
    US25-0221312
    Property summary
    AI-generated overview

    This exceptional 30,210 square foot office building, located at 777 3rd Street in Des Moines, Iowa, presents a unique investment opportunity. Situated on a 0.84-acre lot in Polk County, this property offers a versatile space ideal for a variety of businesses. The building is currently configured for multiple tenants, with a minimum divisible space of 4,864 square feet, allowing for flexibility in tenant occupancy. Its "Creative, General" office subtype suggests an adaptable layout suitable for innovative and traditional office uses. The building's central Des Moines location provides easy access to downtown amenities, transportation networks, and a thriving business community. The property is available for both sale and lease, offering prospective buyers and tenants a range of options to suit their specific needs. This is an excellent opportunity to acquire a well-located, adaptable office building in a dynamic and growing market. The zip code is 50309. Serious inquiries are encouraged to explore the possibilities this property offers. The building's size and layout provide ample space for expansion or consolidation, making it a compelling choice for businesses seeking a prominent presence in the heart of Des Moines.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1995
    Construction STEEL FRAME
    Total area 34,660 SF
    Lot 0.84 ac (36,562 SF)
    Zoning code C-3
    APN 030/04244-005-000
    UPID US25-0221312
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Iowa State Education Association Charitable Organization Social Service Agency
    • Mid-Iowa Uni Services Unit Employment Agency
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $5.46M
    Comparable Approach Comparable
    $7.43M
    Blend (final) Blend
    $5.51M
    Owner & transaction history
    Iowa State Education Assn
    Iowa State Education Assn
    1 recorded transaction
    1969
    Zoning & alternative use
    C-3 · Des Moines, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message