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

    170 S 68Th St West Des Moines, IA 50266

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $823,284

    Prime commercial land near Jordan Creek Town Center.

    Property size:
    60,984 SF
    Lot size:
    60.00 Acres

    Property Features for 170 S 68Th St

    General Information

    Size
    60,984 SF
    Lot size
    60.00 Acres

    We can help!

    Listing Contact
    Dan Dempsey
    Source: Naiglobal

    Listing Agent: Dan Dempsey

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Jordan Creek Undeveloped Commercial Lot

    This is one of the last remaining undeveloped lots available in the Jordan Creek Town Center area. The property is located next to Smash Park, Hilton Garden Inn, Hyatt Place, BANK Bank, First Interstate Bank and several mixed-use buildings. It is situated across the street from Jordan Creek Mall. The property is located in West Des Moines, near Mills Crossing, Glen Oaks and Jordan Creek entertainment and retail districts. The lot has a size of 60984 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    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
    -93.7985046
    Latitude
    41.5672947

    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
    • New
      $250,000
      1,876 SF

      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
    • $750,000
      7,000 SF

      Turnkey Restaurant and Event Space

      Freestanding, fully equipped restaurant and event space in West Des Moines.
      333 5Th St, West Des Moines, IA 50265
      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

    FAQs

    What type of property is this?
    Land - Prime commercial land near Jordan Creek Town Center.
    Where is this land located?
    The property is located at 170 S 68Th St West Des Moines, IA.
    What is the asking price?
    The asking price for this property is $823,284.
    What are key features of this property?
    This property features: - Prime location in the highly desired Jordan Creek Town Center Area.; - Located next to Smash Park, Hilton Garden Inn, Hyatt Place, BANK Bank, and First Interstate Bank.; - Across the street from Jordan Creek Mall, a top-performing retail center.
    (515) 306-0794
    Request Owner's contact information
    170 S 68Th St West Des Moines, IA 50266
    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.
    170 S 68Th St
    West Des Moines, IA 50266
    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
    170 S 68Th St West Des Moines, IA 50266
    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
    Dan Dempsey
    (515) 306-0794
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.