Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5500 Grand Ave West Des Moines, IA 50265

    Sponsored
    Picture of Land at Grand Ave 5500, West Des Moines, IA
    For Sale
    $1,369,962

    LAND - West Des Moines, IA

    Lot size:
    31.45 Acres
    Days on Market:
    231
    Last Refresh:
    Feb 1 at 6:06 pm

    Property Features for 5500 Grand Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    AG
    APN
    #782530200007
    Lot size
    31.45 Acres

    We can help!

    Listing Contact
    Dorrance Brezina

    Developers Realty Group (515) 278-2741

    Listing agent Dorrance Brezina (515) 817-7294

    Listing date Jun 16, 2025

    MLS# 714690 Listing URL

    Copyright © 2025 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    West Des Moines Land Opportunity

    This 31.45-acre land parcel is located in West Des Moines, Iowa. The property is zoned AG. The listing mentions a possible location for a new pedestrian bridge and a possible railroad crossing. The land may be suitable for agricultural use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Gym & Fitness Accounting Firm Bar & Pub Garden Center Bookstore

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.772385
    Latitude
    41.534517

    Nearby Similar for Sale

    • $1,350,000
      10,143 SF

      West Des Moines 12-Plex Apartment

      Three-story, 12-unit apartment building in West Des Moines, Iowa.
      800 13Th St, West Des Moines, IA 50265
      View Details
    • $250,000
      Pending

      Valley Junction Investment Opportunity

      Two-unit property near Valley Junction amenities.
      324 7Th St, West Des Moines, IA 50265
      View Details
    • $85,000
      Pending

      West Des Moines Commercial Office

      Functional office space in high-traffic area, ideal for service businesses.
      119 19Th St, West Des Moines, IA 50265
      View Details
    • $575,000
      4,209 SF

      Valley Junction Retail and Office

      Two meticulously maintained buildings with retail and office space.
      324 1St St, West Des Moines, IA 50265
      View Details
    • $289,900

      West Des Moines Loft Living

      Two-bedroom loft with modern amenities in a prime location.
      640 S 50Th St, West Des Moines, IA 50265
      View Details
    • $515,000
      1,839 SF

      Remodeled Townhome in Gated Community

      Completely remodeled ranch townhome with excellent views in gated community.
      1051 Glen Oaks Dr, West Des Moines, IA 50266
      View Details
    • $153,900

      Updated Condo in West Des Moines

      Move-in ready condo with new flooring, windows, and deck.
      4549 Woodland Ave, West Des Moines, IA 50266
      View Details
    • $2,750,000
      30,450 SF

      West Des Moines Office Building

      Modern office building with ample parking and storage on 7.27 acres.
      1200 12Th St, West Des Moines, IA 50265
      View Details
    • $154,900
      1,152 SF

      West Des Moines Condo with Balcony

      Charming 2-bedroom, 2-bath condo in West Des Moines.
      4809 Woodland Ave, West Des Moines, IA 50266
      View Details
    • $399,900
      1,080 SF

      Updated Log Cabin on Acreage

      Updated 1920 log cabin on 1.75 acres near WDM.
      4553 10Th Ave, Cumming, IA 50061
      View Details
    • $168,500
      1,215 SF

      Silver Oaks Condo with Balcony

      Move-in ready condo with new flooring, balcony, and garage.
      8601 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $212,000
      1,304 SF

      Inviting Townhome with Vaulted Ceilings

      Move-in ready townhome with fresh paint, new carpet, and private patio.
      150 S Prairie View Dr, West Des Moines, IA 50266
      View Details

    FAQs

    What type of property is this?
    Land - 31.45 acres of land in West Des Moines, Iowa.
    Where is this land located?
    The property is located at 5500 Grand Ave West Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,369,962.
    What are key features of this property?
    This property features: - Location near possible new WDM pedestrian bridge.; - Location near possible railroad crossing.; - **Price: $1.00 per square foot.**
    (515) 778-0787
    Request Owner's contact information
    5500 Grand Ave West Des Moines, IA 50265
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5500 Grand Ave
    West Des Moines, IA 50265
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5500 Grand Ave West Des Moines, IA 50265
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dorrance Brezina
    (515) 778-0787
    Learn more
    Google sign-in failed. Please try again or use another login method.