Renovated Office Unit with Private
For Sale
Contact for pricing
10-815 Office Park Rd, West Des Moines, IA 50265
Second-floor office suite offers private workrooms, a kitchenette, two restrooms, and independent exterior access.
Property Size1,125 SF
Price / SF$1.42
Days on Market54
Property Features for 10-815 Office Park Rd
General Information
Standard status
Active
Size
1,125 SF
Additional Details
Floor
2
Building Details
Tenancy
Single
Listing Agency:
Space Simply
(515) 423-0899
Listed By:
Neil Timmins
(515) 556-9674
Source:
Exprealty
Added: Aug 31
Changed: Oct 10
Last Checked: Oct 21 at 1:48AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Space Simply
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Investment Insights
Based on property information with market context.
This fully renovated 1,125 SF office unit occupies the second floor at 815 Office Park Road in West Des Moines. Suite 10 has a private exterior entrance, separate restrooms, and no shared lobby or common corridor. The interior includes a reception area, four private offices, a bonus room, kitchenette, and two private restrooms. Three offices have windows, while another includes a wood slat feature wall and acoustic panels suitable for recording, video calls, or meetings.
Recent improvements include carpet tile, luxury vinyl plank flooring, and fresh paint throughout. The kitchenette is equipped with a sink, microwave, and cabinet storage. The suite has stair access and exterior signage above the door. Its configuration supports professional office operations, counseling and therapy, insurance, accounting, title and escrow, consulting, and creative or media uses.
Recent improvements include carpet tile, luxury vinyl plank flooring, and fresh paint throughout. The kitchenette is equipped with a sink, microwave, and cabinet storage. The suite has stair access and exterior signage above the door. Its configuration supports professional office operations, counseling and therapy, insurance, accounting, title and escrow, consulting, and creative or media uses.
Key Highlights
- Fully renovated 1,125 SF second‑floor office unit
- Suite 10 has a private exterior entrance and no shared lobby or common corridor
- Four private offices, including three with windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,460
$296.5K
Cap Rate 7%
$211,757
$211.8K
Cap Rate 9%
$164,700
$164.7K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$24.7K $21.96/SF
− Vacancy
−$4.9K −$4.39/SF
EGI
$19.8K $17.57/SF
− OpEx
−$4.9K −$4.39/SF
NOI
$14.8K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,460
Cap Rate 7%
$211,757
Cap Rate 9%
$164,700
Alternative Uses
Best Use
Office B
$211.8K
$185.3K – $247.1K
NOI $14,823 @ 7.0% cap · market cap 929.34%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.08M
$947.6K – $1.26M
NOI $75,807 @ 7.0% cap · market cap 4,752.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
911
Businesses Nearby
Explore this area
Business Placement
Demographics for 50265, IA
32,187
Population
15,104
Households
2.1
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,668
Density / Sq Mi
$84,588
Median Household Income
$49,785
Median Earnings
$1,065
Median Rent
$267,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office suite offers private workrooms, a kitchenette, two restrooms, and independent exterior access.
Where is this office unit located?
The property is located at 10-815 Office Park Rd West Des Moines, IA.
What are key features of this property?
This property features: Fully renovated 1,125 SF second‑floor office unit; Suite 10 has a private exterior entrance and no shared lobby or common corridor; Four private offices, including three with windows
