Financial
Distress signals
Property profile

Des Moines, IA 50309

OFF-MARKET
Commercial real estate
Property ID
US25-0695294
7,920 SF 0.69 ac lot Built 1960
Last sale Jul 2019
Entity Owned Owner of record is a legal entity (LLC / corporation). 20-yr Hold Held for 20 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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?
$52k
Tax billed · 2020
Assessed value · 2023$1.33M
Assessed land$1.33M
Assessed improvement$100
Effective rate3.94%

Value estimate

· Sep 2026
$1.30M
$1.17M – $1.42M
CAP approach$1.25M
Submarket $/SF estimate$1.22M

Realmo valuation models over county records and 9 qualifying comparable sales.

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
Qualifying comparables9

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: Laundry Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Laundry Service8.9
Carpet & Flooring Store8.7
Watch Repair Shop8.7

Location

Des Moines, IA 50309
County assessor Recorded deeds · 4 transfers 9 qualifying comp sales 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
23 12th, Des Moines, IA 50309 $1,312,000 Aug 2025 3,771 SF
900 Vine, Des Moines, IA 50309 $32,000,000 May 2025 16,800 SF
200 10th, Des Moines, IA 50309-3609 $8,750,000 Jun 2023 61,637 SF
1613 High, Des Moines, IA 50309-3111 $750,000 Mar 2023 4,387 SF
121 3rd, Des Moines, IA 50309-4668 $700,000 Aug 2022 1,775 SF
306 5th, Des Moines, IA 50309-5116 $2,570,000 Dec 2020 5,974 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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