Medical Office Building with Surgical
For Sale
Contact for pricing
1469 29th Street, West Des Moines, IA 50266
Purpose-built clinical layout includes treatment rooms, patient circulation areas, and dedicated staff support space.
Property Size8,147 SF
Price / SF$250
Days on Market57
Property Features for 1469 29th Street
General Information
Standard status
Active
Size
8,147 SF
Total Parking Spaces
41
Property subtype
Office
Zoning
PUD
Additional Details
Asking Price
$2,036,750
Highway Access
Yes
Amenities
patient drop-off/pick-up lane
pond
walking trail
Building Details
Year Built
1998
Buildings
1
Stories
2
Tenancy
Single
Building Size
8,147 SF
Listing Agency:
Buyers Realty, Inc
Listed By:
Peter Brown · License #IA S28799000
(515) 277-1265
Source:
Crexi
Added: Aug 19
Changed: Oct 14
Last Checked: Oct 12 at 8:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Buyers Realty, Inc
Investment Insights
Based on property information with market context.
This 8,147 SF medical office building is configured for specialized clinical operations. The 6,024 SF first floor includes consultation rooms, surgical rooms, a waiting area, nurses station, and recovery space. A finished basement provides additional storage and staff-use areas. The property has operated as an oral surgery clinic.
A patient drop-off and pick-up lane complements the 41-space parking area. The building is positioned at 1469 29th Street in West Des Moines, with highway access nearby. Its rear setting adjoins a pond and walking trail, adding an outdoor amenity to the surrounding environment.
A patient drop-off and pick-up lane complements the 41-space parking area. The building is positioned at 1469 29th Street in West Des Moines, with highway access nearby. Its rear setting adjoins a pond and walking trail, adding an outdoor amenity to the surrounding environment.
Key Highlights
- 8,147 SF medical office building
- 6,024 SF first‑floor clinical buildout
- Consultation rooms, surgical rooms, waiting area, nurses station, and recovery area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,345
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,146,900
$2.1M
Cap Rate 7%
$1,533,500
$1.5M
Cap Rate 9%
$1,192,722
$1.2M
Market Conditions
NOI Build-Up for 8,147 SF
Gross rent
$178.9K $21.96/SF
− Vacancy
−$35.8K −$4.39/SF
EGI
$143.1K $17.57/SF
− OpEx
−$35.8K −$4.39/SF
NOI
$107.3K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,146,900
Cap Rate 7%
$1,533,500
Cap Rate 9%
$1,192,722
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.79M
NOI $107,345 @ 7.0% cap · market cap 5.27%
Second Best
Healthcare Medical
$1.29M
$1.13M – $1.51M
NOI $90,384 @ 7.0% cap · market cap 4.44%
Theoretical Best
Flex RnD
$7.84M
$6.86M – $9.15M
NOI $548,978 @ 7.0% cap · market cap 26.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,614
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50266, IA
36,486
Population
18,481
Households
2
Avg Household Size
34
Median Age
60%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
1,636
Density / Sq Mi
$85,282
Median Household Income
$53,306
Median Earnings
$1,285
Median Rent
$325,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built clinical layout includes treatment rooms, patient circulation areas, and dedicated staff support space.
Where is this medical office space located?
The property is located at 1469 29th Street West Des Moines, IA.
What is the asking price?
The asking price for this property is $2,036,750.
What are key features of this property?
This property features: 8,147 SF medical office building; 6,024 SF first‑floor clinical buildout; Consultation rooms, surgical rooms, waiting area, nurses station, and recovery area
