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

    500 Southwest 7Th St Des Moines, IA 50309

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $19 SF/Yr

    Three-story office building in vibrant Riverpoint district with parking.

    Property size:
    14,360 SF
    Lot size:
    14,360 SF

    Property Features for 500 Southwest 7Th St

    General Information

    Standard status
    Active
    Size
    14,360 SF

    We can help!

    Listing Contact
    T.j. Jacobs
    Source: Cbre

    Listing Agent: T.j. Jacobs

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

    Learn more

    Overview

    Downtown Des Moines Office Space

    Located in Downtown Des Moines' vibrant Riverpoint district, 500 SW 7th Street is a three-story office building featuring free surface parking. The building's design includes an open foyer and extensive glass lines, providing downtown views and natural light. It is situated adjacent to new living and retail amenities, as well as multiple public transit routes, offering access to area activities and businesses. The exterior entry patio and common lobby areas have been recently updated. Up to 14,360 square feet of contiguous space is available. The property offers a fully serviced lease rate. Free on-site surface parking is available. Tenants have access to a shared building conference room at no cost. A dock high loading area is available to all tenants. The building is adjacent to multiple mass transit routes. Five-night janitorial service is provided. Centurylink fiber optic service is available. Weekly food trucks and Foodsby service are available at the building. The property features an attractive open foyer between the 2nd and 3rd floors providing an abundance of natural light.
    Location Intelligence

    Current Use by Public Records

    Infinite Resources Staffing ... Employment Agency MercyOne Des Moines ... Home Health Care Service Hubbell Historical Center Museum Polk County Mental ... Public Health Department P & E Engineering Engineering Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6059623
    Latitude
    41.5826014

    Nearby Similar for Lease

    • Sponsored
      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
    • 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
      2,155 SF

      Turn-Key Restaurant Space in Des Moines

      Restaurant space in a walkable district near upcoming Market District.
      401 Southeast 6Th St, Des Moines, IA 50309
      View Details
    • $17 SF/Yr
      2,230 SF

      Historic Office Space in Des Moines

      Unique office space with high-end finishes and onsite parking.
      1440 Locust 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
    • $12 SF/Yr
      6,084 SF

      Ingersoll Avenue Retail Space Available

      Retail space for lease on streetscaped Ingersoll Avenue.
      2913 Ingersoll Ave, Des Moines, IA 50312
      View Details
    • $8 SF/Yr
      1,871 SF

      Retail Space in Sherwood Forest

      Retail space with ample parking and strong traffic counts.
      7400 Hickman Rd, Des Moines, IA 50325
      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
    • Contact for pricing
      36,000 SF

      Historic Court Avenue Retail Space

      Retail space with excellent visibility in Historic Court Avenue.
      216 Court Ave, Des Moines, IA 50309
      View Details
    • $4,400 /Mo
      2,450 SF

      Prime Retail Space Near Park

      Retail space near sculpture park, high visibility, foot traffic.
      1301 Locust St, Des Moines, IA 50309
      View Details
    • $10 SF/Yr
      2,208 SF

      Historic Office Space For Lease

      Historic office condo in vibrant Court Avenue District available for lease.
      100 Court Ave, Des Moines, IA 50309
      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

    FAQs

    What type of property is this?
    Office building - Three-story office building in vibrant Riverpoint district with parking.
    Where is this office building located?
    The property is located at 500 Southwest 7Th St Des Moines, IA.
    What is the lease rate?
    The lease rate is $19 SF/Yr.
    What are key features of this property?
    This property features: - Lowest fully serviced lease rate available for comparable downtown properties.; - Free on-site surface parking available.; - Up to **14,360 SF of Contiguous Space.**
    (515) 415-6119
    Request Owner's contact information
    500 Southwest 7Th St Des Moines, IA 50309
    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.
    500 Southwest 7Th St
    Des Moines, IA 50309
    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
    500 Southwest 7Th St Des Moines, IA 50309
    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
    T.j. Jacobs
    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!