Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2800 University Ave West Des Moines, IA 50266

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in a community retail center.

    Property size:
    5,086 SF
    Lot size:
    5,086 SF

    Property Features for 2800 University Ave

    General Information

    Standard status
    Active
    Size
    5,086 SF

    We can help!

    Listing Contact
    Bill Wright
    Source: Cbre

    Listing Agency: CBRE Listing Agent: Bill Wright

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

    Learn more

    Property Insight Report

    Overview

    Retail Space in Community Center

    This property offers retail space within a community retail center anchored by a grocery store and home goods store. The center is located on University Avenue and hosts a growing community of regional and national tenants. The property size is 5086 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rockstar Marketing Group Advertising Agency Totally Swing Sets Building Supply Midwest Sealcoating of Iowa General Contractor Terra Cafe Restaurant Iowa Computer Club Tech Support Center

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    22nd Street Plaza Shopping Center, ClockTower Square, Fit To Be Tied, Westowne Center, Valley West Mall

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7430191
    Latitude
    41.5998504

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      West Glen Town center

      Discover many ways to work your way in West Glen Town center
      5550 Wild Rose Ln, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      IA, West Des Moines - West Lakes Parkway

      Discover many ways to work your way in Greenwich
      1601 Lakes Pkwy, West Des Moines, IA 50266
      View Details
    • Sponsored
      Contact for pricing

      IA, West Des Moines - One Corporate Place

      Discover many ways to work your way in Greenwich
      1501 42Nd St, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      IA, West Des Moines - Valley West Drive

      Discover many ways to work your way in Greenwich
      1200 Valley West Dr, West Des Moines, IA 50566
      View Details
    • $9 SF/Yr
      7,375 SF

      Retail Space in Community Center

      Retail space available in a community center on University Avenue.
      2700 University Ave, West Des Moines, IA 50266
      View Details
    • $17 SF/Yr
      3,634 SF

      Class A Office Building

      89,145 RSF Class A office building for rent.
      6600 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $9 SF/Yr

      West Des Moines Office Space

      Class B office space near Valley West Mall for rent.
      2700 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      2,520 SF

      West Des Moines Retail Space

      New construction retail space with drive-thru and patio.
      840 1St St, West Des Moines, IA 50265
      View Details
    • $18 SF/Yr
      19,736 SF

      Retail Strip Center For Lease

      Retail space available in a Kum & Go anchored neighborhood center.
      5917 Ashworth Rd, West Des Moines, IA 50266
      View Details
    • $21 SF/Yr

      Retail Space in Ponderosa Village

      5,852 SF retail space in high-end Ponderosa Village.
      440 Fairway Dr, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr

      Class A Medical Office Space

      Premier medical space with access to Mercy West Hospital.
      5901 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $37 SF/Yr
      2,298 SF

      Prime Retail Space Available

      High-visibility retail space near Jordan Creek Town Center.
      210 Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in a community retail center.
    Where is this shopping center located?
    The property is located at 2800 University Ave West Des Moines, IA.
    What are key features of this property?
    This property features: - Located in a grocery and home goods anchored community retail center.; - Situated on University Avenue.; - Part of a growing community.
    (515) 210-3050
    Request Owner's contact information
    2800 University Ave 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.
    2800 University Ave
    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
    2800 University Ave 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
    Bill Wright
    (515) 210-3050 (515) 224-4900 (515) 415-6100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!