Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    West Des Moines Office Space Title is generated by Realmo AI

    2171 Grand Avenue, West Des Moines, IA 50265

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Finished office space in a central West Des Moines location.

    Type:Office
    Property size:
    4,800 SF
    Added:
    May 21, 2026
    Days on Market:
    11
    Last Refresh:
    May 27 at 7:50 am

    Property Features for 2171 Grand Avenue

    General Information

    Standard status
    Active
    Size
    4,800 SF
    Property subtype
    Office

    Building Details

    Year Built
    1999

    Spaces For Lease

    at 2171 Grand Avenue Contact us

    We can help!

    Listing Contact
    Keith Olson
    Keith Olson

    Listing agent Keith Olson License #IA B57438000

    Listing office LOCATE Commercial Real Estate

    Listing date May 21, 2026

    Source Crexi

    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 LOCATE Commercial Real Estate

    HighLights

    • 4,800 SF of finished office space
    • Prime location in the heart of West Des Moines
    • Close proximity to Hy‑Vee/Normandy Plaza, Jordan Creek Mall, and Valley Junction
    • Includes a welcoming reception area
    • Features several private offices and open workspace
    • Equipped with a kitchenette and private in‑suite restroom

    Overview

    This 4,800 square foot office space features a reception area, private offices, an open workspace, a kitchenette, and a private in-suite restroom. The property is located in West Des Moines, near Hy-Vee/Normandy Plaza, Jordan Creek Mall, and Valley Junction.
    Location Intelligence

    Current Use by Public Records

    HealthMarkets Insurance - Rob ... Insurance Agency Structured Asset Finance Bank HealthMarkets Insurance - Trena ... Insurance Agency Roofing Contractors of Iowa Roofing Company Superior Lock & Car ... Locksmith

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7351087
    Latitude
    41.567014

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      IA, West Des Moines - One Corporate Place

      1501 42Nd St, West Des Moines, IA 50266
      View Details
    • Sponsored
      $129-$3,657/Mo
      11-1,292 SF

      IA, West Des Moines - West Lakes Parkway

      1601 Lakes Pkwy, West Des Moines, IA 50266
      View Details
    • $129-$2,776/Mo
      11-1,292 SF

      IA, West Des Moines - Valley West Drive

      1200 Valley West Dr, Unit 200, West Des Moines, IA 50566
      View Details
    • Sponsored
      $129-$3,646/Mo
      11-1,292 SF

      West Glen Town center

      5550 Wild Rose Ln, Unit 400, West Des Moines, IA 50266
      View Details
    • $12,500/Mo
      6,916 SF

      West Des Moines Restaurant Opportunity

      Freestanding, fully-equipped restaurant on University Avenue available for lease.
      4570 University Avenue, West Des Moines, IA, 50266
      View Details
    • $13 SF/Yr
      2,533 SF

      Office Suite Near Jordan Creek

      Office suite for sublease near Jordan Creek Town Center.
      160 South 68th Street, West Des Moines, IA, 50266
      View Details
    • $21 SF/Yr
      18,000 SF

      Retail Space in Ponderosa Village

      5,852 SF retail space in high-end Ponderosa Village.
      440 Fairway Drive, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr
      24,336 SF

      West Des Moines Office Space

      Modern office suites with excellent access and abundant parking.
      5550 Wild Rose Lane, West Des Moines, IA, 50266
      View Details
    • $16 SF/Yr
      8,132 SF

      West Des Moines Office Space

      Office space for rent with flexible lease terms.
      2910 Westown Parkway, West Des Moines, IA, 50266
      View Details
    • $7 SF/Yr
      825 SF

      Updated Office Space in Iowa

      West Des Moines office space with recent updates and ample parking.
      1501 42nd St, West Des Moines, IA
      View Details
    • $9 SF/Yr
      93,438 SF

      West Des Moines Office Space

      Class B office space near Valley West Mall for rent.
      2700 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      1,555 SF

      Retail Space in West Des Moines

      Retail space available in a high-traffic West Des Moines location.
      2900 University Ave, West Des Moines, IA
      View Details

    FAQs

    What type of property is this?
    Office units - Finished office space in a central West Des Moines location.
    Where is this office units located?
    The property is located at 2171 Grand Avenue West Des Moines, IA.
    What are key features of this property?
    This property features: 4,800 SF of finished office space; Prime location in the heart of West Des Moines; Close proximity to Hy‑Vee/Normandy Plaza, Jordan Creek Mall, and Valley Junction
    (515) 460-0624 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Keith Olson
    Keith Olson
    Real Estate License ID: IA B57438000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    2171 Grand Avenue, West Des Moines, IA 50265
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!