Add Listing
    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

    4570 University Ave West Des Moines, IA 50266

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

    Turn-key restaurant space available for lease or sale.

    Property size:
    6,916 SF
    Lot size:
    1.68 Acres

    Property Features for 4570 University Ave

    General Information

    Size
    6,916 SF
    Lot size
    1.68 Acres

    We can help!

    Listing Contact
    Chris Pendroy
    Chris Pendroy
    Source: Moodyscre

    Listing Agency: CBRE Listing Agent: Chris Pendroy

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

    Learn more

    Property Insight Report

    Overview

    Restaurant Space on University Avenue

    This 6,916 square foot standalone restaurant is available for sale or lease. The property is located on University Avenue in West Des Moines, Iowa, a thoroughfare with a mix of businesses, restaurants, shopping centers, and residential areas. The property is fully equipped with fixtures and equipment, presenting a turn-key opportunity for restaurant owners.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Muchacho Alegre Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store 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
    -93.767762
    Latitude
    41.5997218

    Nearby Similar for Sale

    • $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
    • $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
    • $256,500
      1,808 SF

      Well-Maintained Duplex with Garage

      Up/down duplex with strong rental history and detached garage.
      409 2Nd St, West Des Moines, IA 50265
      View Details
    • $918,000
      7,482 SF

      West Des Moines Investment Opportunity

      NNN leased to Cadence Academy Preschool in West Des Moines.
      5859 Ashworth Rd, West Des Moines, IA 50322
      View Details
    • Contact for pricing
      17,509 SF

      West Des Moines Office Building

      Two-story office building in established corridor near I-235.
      2001 Westown Pkwy, West Des Moines, IA 50265
      View Details
    • $750,000
      7,000 SF

      West Des Moines Restaurant - $750K

      Turnkey Restaurant, 7000 sq ft, Historic Valley Junction
      333 5Th St, West Des Moines, IA 50265
      View Details
    • $850,000
      7,200 SF

      West Des Moines Restaurant - $850K

      Turnkey Restaurant, 7200 sq ft, high visibility.
      333 5Th St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      3,550 SF

      Remodeled Class A Office Space

      Class A office space remodeled in 2022, great location.
      1000 73 St, West Des Moines, IA
      View Details
    • $620,000
      4,209 SF

      West Des Moines Mixed-Use Property

      Prime Valley Junction location, multi-tenant income.
      324 1St St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      5,866 SF

      Remodeled Office Space Available

      Remodeled office space with reception, conference room, and private offices.
      1454 30Th St, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      856,000 SF

      Valley West Mall Development Opportunity

      856,000 SF retail property on 57.72 acres for sale.
      1551 Valley West Dr, West Des Moines, IA 50266
      View Details

    FAQs

    What type of property is this?
    Restaurant - Turn-key restaurant space available for lease or sale.
    Where is this restaurant located?
    The property is located at 4570 University Ave West Des Moines, IA.
    What are key features of this property?
    This property features: - Turn-key restaurant opportunity with all fixtures and equipment included.; - High-visibility location on University Avenue, a major thoroughfare.; - Standalone building with 6,916 square feet of space.
    (515) 402-6600 Call to check price and availability
    Request Owner's contact information
    4570 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.
    4570 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
    4570 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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Pendroy
    Chris Pendroy
    (515) 402-6600 (515) 224-4900 (515) 221-6605
    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!