West Des Moines Office/Flex
For Sale
Contact for pricing
1801 Fuller Road, West Des Moines, IA 50265
Turnkey office and warehouse space in West Des Moines.
Property Size7,968 SF
Lot Size1.60 Acres
Price / SF$117.97
Days on Market142
Property Features for 1801 Fuller Road
General Information
Standard status
Active
Size
7,968 SF
Lot size
1.60 Acres
Property subtype
Office, Industrial
Zoning
BP - Light Industrial
Building Details
Year Built
1980
Listing Agency:
sara Hopkins
Listed By:
Abi Reiland · License #S68966000
(515) 499-8679
Source:
Crexi
Added: May 26
Changed: Oct 13
Last Checked: Oct 12 at 4:57PM
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 sara Hopkins
Investment Insights
Based on property information with market context.
This property offers an owner-user office and flex space opportunity located in West Des Moines. The turnkey space includes over 1,000 square feet of warehouse space equipped with an overhead door. The remaining area features move-in ready office space, including more than 10 private offices, a kitchenette and breakroom, a training room, a conference room, a reception/waiting area, and an open area. Situated on a lot exceeding 1.6 acres, the property provides ample parking. The property is well maintained and in good condition. The property size is 7,968 square feet.
Key Highlights
- Turnkey office/flex space in West Des Moines.
- Includes 1,000+ SF of warehouse space with an overhead door.
- Move‑in ready office space with 10+ private offices, kitchenette, breakroom, training room, conference room, reception/waiting area, and open area.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,671
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,420
$653.4K
Cap Rate 7%
$466,729
$466.7K
Cap Rate 9%
$363,011
$363.0K
Market Conditions
NOI Build-Up for 7,968 SF
Gross rent
$50.7K $6.36/SF
− Vacancy
−$4.0K −$0.50/SF
EGI
$46.7K $5.86/SF
− OpEx
−$14.0K −$1.76/SF
NOI
$32.7K $4.10/SF
Area
Polk County, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$653,420
Cap Rate 7%
$466,729
Cap Rate 9%
$363,011
Alternative Uses
Best Use
Flex RnD
$7.67M
$6.71M – $8.95M
NOI $536,916 @ 7.0% cap · market cap 57.12%
Second Best
Industrial
$466.7K
$408.4K – $544.5K
NOI $32,671 @ 7.0% cap · market cap 3.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50265, IA
32,187
Population
15,104
Households
2.1
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,668
Density / Sq Mi
$84,588
Median Household Income
$49,785
Median Earnings
$1,065
Median Rent
$267,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Turnkey office and warehouse space in West Des Moines.
Where is this flex space located?
The property is located at 1801 Fuller Road West Des Moines, IA.
What is the asking price?
The asking price for this property is $940,000.
What are key features of this property?
This property features: Turnkey office/flex space in West Des Moines.; Includes 1,000+ SF of warehouse space with an overhead door.; Move‑in ready office space with 10+ private offices, kitchenette, breakroom, training room, conference room, reception/waiting area, and open area.
