Office
For Sale
Contact for pricing
2150 Grand Avenue, Des Moines, IA 50312
Existing office space is offered for sale in Des Moines.
Property Size19,692 SF
Price / SF$0.00
Days on Market196
Property Features for 2150 Grand Avenue
General Information
Standard status
Active
Size
19,692 SF
Property subtype
Office
Listing Agency:
CBRE
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Cbre
Added: Apr 11
Changed: Oct 21
Last Checked: Oct 20 at 6:07PM
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 CBRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property comprises office units and is offered for sale. The property is located at 2150 Grand Ave, Des Moines, IA 50312.
Key Highlights
- Office units offered for sale
- Located at 2150 Grand Ave, Des Moines, IA 50312
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$259,462
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,189,240
$5.2M
Cap Rate 7%
$3,706,600
$3.7M
Cap Rate 9%
$2,882,911
$2.9M
Market Conditions
NOI Build-Up for 19,692 SF
Gross rent
$432.4K $21.96/SF
− Vacancy
−$86.5K −$4.39/SF
EGI
$345.9K $17.57/SF
− OpEx
−$86.5K −$4.39/SF
NOI
$259.5K $13.18/SF
Area
Des Moines, 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%
$5,189,240
Cap Rate 7%
$3,706,600
Cap Rate 9%
$2,882,911
Alternative Uses
Best Use
Office B
$3.71M
$3.24M – $4.32M
NOI $259,462 @ 7.0% cap · market cap 2,661,148.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.85M
$4.24M – $5.66M
NOI $339,484 @ 7.0% cap · market cap 3,481,887.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,798
Businesses Nearby
Explore this area
Business Placement
Demographics for 50312, IA
15,485
Population
8,285
Households
1.9
Avg Household Size
40
Median Age
62%
College-Educated
98%
High-School Grad
5.6 sq mi
ZIP Area
2,765
Density / Sq Mi
$82,720
Median Household Income
$54,862
Median Earnings
$1,057
Median Rent
$274,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Office unit - Existing office space is offered for sale in Des Moines.
Where is this office unit located?
The property is located at 2150 Grand Avenue Des Moines, IA.
What are key features of this property?
This property features: Office units offered for sale; Located at 2150 Grand Ave, Des Moines, IA 50312
