Des Moines Office Building For
For Sale
$800,000
2620 Fleur Dr, Des Moines, IA 50321
Office building with 10,816 square feet available for sale.
Property Size4,500 SF
Price / SF$177.78
Days on Market198
Property Features for 2620 Fleur Dr
General Information
Standard status
Active
Size
4,500 SF
Class
Unclassified
Property subtype
office
Properties For Sale
at 2620 Fleur Dr
Available Space
Immediate
Floor
1-2
Size
4,500-10,816 SF
Term
Negotiable
Listing Agency:
Des Moines
(515) 218-7010
Listed By:
Lucas Hedstrom · License #S67582000
(515) 564-9269
Source:
Property.jll
Added: Mar 26
Changed: Oct 2
Last Checked: Oct 9 at 4:35PM
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 Des Moines
Investment Insights
Based on property information with market context.
This commercial real estate offering features an office building with a total size of 10,816 square feet. The property is located in Des Moines, Iowa.
Key Highlights
- No property information provided.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,292
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,185,840
$1.2M
Cap Rate 7%
$847,029
$847.0K
Cap Rate 9%
$658,800
$658.8K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$98.8K $21.96/SF
− Vacancy
−$19.8K −$4.39/SF
EGI
$79.1K $17.57/SF
− OpEx
−$19.8K −$4.39/SF
NOI
$59.3K $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%
$1,185,840
Cap Rate 7%
$847,029
Cap Rate 9%
$658,800
Alternative Uses
Best Use
Office B
$847.0K
$741.2K – $988.2K
NOI $59,292 @ 7.0% cap · market cap 7.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.11M
$969.7K – $1.29M
NOI $77,579 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 50321, IA
7,783
Population
3,689
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
94%
High-School Grad
11.3 sq mi
ZIP Area
689
Density / Sq Mi
$77,636
Median Household Income
$42,176
Median Earnings
$1,098
Median Rent
$294,100
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office building with 10,816 square feet available for sale.
Where is this office building located?
The property is located at 2620 Fleur Dr Des Moines, IA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: No property information provided.
