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

    2501 Grand Ave Des Moines, IA 50312

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

    Office units for rent in Des Moines, Iowa.

    Property size:
    2,646 SF
    Lot size:
    0.62 Acres

    Property Features for 2501 Grand Ave

    General Information

    Size
    2,646 SF
    Lot size
    0.62 Acres

    We can help!

    Listing Contact
    Nathan Petsche
    Nathan Petsche
    Source: Moodyscre

    Listing Agency: Ferguson Commercial Real Estate Services Listing Agent: Nathan Petsche

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

    Learn more

    Overview

    Des Moines Office Space Available

    This property offers office units suitable for rent. The property, previously a law office, is located across the street from Terrace Hill. Private offices are available on the main floor, ranging in size from 120 square feet to 420 square feet. The main floor includes a common break room, common restrooms, and three shared conference rooms. The lower level provides an additional 1,182 square feet, bringing the total property size to 2,646 square feet.
    Location Intelligence

    Current Use by Public Records

    Erbe Law Firm Law Firm Philip Colt Moss Law Firm Branstad and Olson Law ... Law Firm East Gate Lodge Volunteer Organization Norian Consulting Consultant

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5701638
    Latitude
    41.5952728

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      IA, Des Moines - Grand Ave

      Flexible workspace in NV, Reno - 300 E 2nd St
      2323 Grand Ave, Des Moines, IA 50312
      View Details
    • $8 SF/Yr
      158,557 SF

      Class A Office Retail Building

      Eight-story Class A office and retail building in downtown Des Moines.
      400 Locust St, Des Moines, IA 50309
      View Details
    • New
      Contact for pricing

      Hub Tower

      Discover many ways to work your way in Hub Tower
      699 Walnut St, Des Moines, IA 50309
      View Details
    • Contact for pricing
      11,257 SF

      Ingersoll Avenue Retail Opportunity

      Retail space available in redeveloped Des Moines shopping center.
      2700 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $9 SF/Yr

      Des Moines Flex/Industrial Building

      15,034 SF office/warehouse on 1.18-acre lot.
      1801 2Nd Ave, Des Moines, IA 50314
      View Details
    • $12 SF/Yr
      8,500 SF

      East Euclid Avenue Flex Space

      Former tire service center suitable for auto, retail, or flex.
      1566 East Euclid Ave, Des Moines, IA 50313
      View Details
    • $20 SF/Yr
      6,270 SF

      Ingersoll Avenue Retail Opportunity

      Retail space in Soll Apartments, close to Des Moines CBD.
      2301 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • Contact for pricing

      Des Moines Office/Warehouse Opportunity

      29,342 SF building on 2.275 acres for sale/lease.
      2701 Delaware Ave, Des Moines, IA 50317
      View Details
    • $12 SF/Yr
      6,401 SF

      Office Space Near Sculpture Park

      Office space with exposed brick near restaurants and sculpture park.
      1300 Walnut St, Des Moines, IA 50309
      View Details
    • $15 SF/Yr
      1,400 SF

      Retail Space on SE 14th

      Highly visible retail space in revitalized corridor, flexible options.
      6201-6221 SE 14Th St, Des Moines, IA 50320
      View Details
    • $14 SF/Yr
      10,401 SF

      East Village Contemporary Office Space

      Modern 10,401 SF office in vibrant urban environment.
      505 East Grand Ave, Des Moines, IA 50309
      View Details
    • $18 SF/Yr
      4,539 SF

      Retail/Office Space in Mixed-Use Building

      Trendy retail or office space in a modern urban neighborhood.
      210 Southwest 11Th St, Des Moines, IA 50309
      View Details

    FAQs

    What type of property is this?
    Office units - Office units for rent in Des Moines, Iowa.
    Where is this office units located?
    The property is located at 2501 Grand Ave Des Moines, IA.
    What are key features of this property?
    This property features: - Prime location across the street from Terrace Hill.; - Variety of private office sizes available (120 sf - 420 sf).; - Multiple shared conference rooms (3 total) make meetings easy.
    (515) 867-4964 Call to check price and availability
    Request Owner's contact information
    2501 Grand Ave Des Moines, IA 50312
    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.
    2501 Grand Ave
    Des Moines, IA 50312
    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
    2501 Grand Ave Des Moines, IA 50312
    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 Nathan Petsche
    Nathan Petsche
    Real Estate License ID: S70663000
    (515) 867-4964 (515) 440-0400
    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!