Listing Agency: CBRE t***@cbre.com Show Phone

Listed By: Tyler Dingel · License #S56502000 Show Phone

Source: Cbre

Added: Mar 25 Changed: Jul 6 Last Checked: Aug 10 at 4:33AM

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Investment Insights

Based on property information with market context.

This commercial real estate offers 86,892 square feet of office space. The property benefits from high visibility and convenient access to I-235/80 via the University Ave. interchange. Abundant free surface parking is available for tenants and visitors. The location provides convenient access to nearby retail amenities.

Key Highlights

• Great visibility and access to I‑235/80
• Abundant free surface parking available
• Great location

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Big Box & Wholesale Store Auto Parts Store Building Supply Garden Center Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$1.46 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

1,762

Businesses Nearby

Explore this area Business Placement

Demographics for 50325, IA

18,619

Population

7,455

Households

2.5

Avg Household Size

39

Median Age

60%

College-Educated

95%

High-School Grad

7.7 sq mi

ZIP Area

2,418

Density / Sq Mi

$131,082

Median Household Income

$63,495

Median Earnings

$1,099

Median Rent

$379,000

Median Home Value

Market

Lease Benchmarks for Des Moines, IA

$17.44 /SF/Yr

Avg Asking Price

$9–$24.95 /SF/Yr

Price Range

40,495 SF

Avg Space Size

This space is priced 44% below the average of $17.44 /SF/Yr.

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023

20% 2024

16.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this office buildings located? What is the lease rate? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office building - Office building with high visibility and convenient highway access.

Where is this office building located?

The property is located at 1500 Northwest 118th Street Des Moines, IA.

What is the lease rate?

The lease rate is $9.75 SF/Yr.

What are key features of this property?

This property features: Great visibility and access to I‑235/80; Abundant free surface parking available; Great location