West Des Moines Office
For Sale
Contact for pricing
1011 Grand Ave, West Des Moines, IA
First-floor office suite with reception, offices, and conference room.
Property Size1,660 SF
Lot Size0.48 Acres
Price / SF$240.36
Days on Market248
Property Features for 1011 Grand Ave
General Information
Standard status
Active
Size
1,660 SF
Lot size
0.48 Acres
Property subtype
OFFICE
Listing Agency:
Stanbrough Realty Company
(515) 402-1642
Listed By:
Andrew McCune · License #S64937000
(515) 402-1642
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Jul 6
Last Checked: Jul 21 at 8:44AM
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 Stanbrough Realty Company
Investment Insights
Based on property information with market context.
This first-floor office space is available for rent in a West Des Moines location. The 1660-square-foot suite features a reception area, three private offices, a bullpen, a conference room, and a kitchenette. The layout allows for immediate occupancy. The building includes a monument sign on Grand Avenue, providing visibility to passing traffic. The central location offers convenient access to other parts of the metro area. The property is suitable for office space use.
Key Highlights
- Move‑in ready first‑floor office space.
- Excellent visibility with monument signage on Grand Avenue.**
- Convenient West Des Moines location.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.5k | $21.96 |
| − Vacancy | −$7.3k | −$4.39 |
| EGI | $29.2k | $17.57 |
| − OpEx | −$7.3k | −$4.39 |
| NOI | $21.9k | $13.18 |
1,660 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$312.5K
$273.4K – $364.5K
NOI $21,872 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,858 @ 7.0% cap · market cap 28.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office suite with reception, offices, and conference room.
Where is this office units located?
The property is located at 1011 Grand Ave West Des Moines, IA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Move‑in ready first‑floor office space.; Excellent visibility with monument signage on Grand Avenue.**; Convenient West Des Moines location.
