Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Modern Townhome Community in Iowa Title is generated by Realmo AI

    302-358 Harmony Ave West Des Moines IA, West Des Moines, IA 50266

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    New 12-unit townhome community with modern amenities.

    Type:Multifamily
    Added:
    Dec 18, 2024
    Days on Market:
    514
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 302-358 Harmony Ave West Des Moines IA

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Andrew McCune
    Andrew McCune

    Listing agent Andrew McCune License #IA S64937000

    Listing office Stanbrough Realty

    Listing date Dec 18, 2024

    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 Stanbrough Realty

    HighLights

    • Modern townhome community built in 2022‑2023
    • Each unit features 3 bedrooms and 2.5 bathrooms
    • High‑end finishes including sleek white cabinetry, quartz countertops, and stainless steel appliances (including refrigerator)
    • Luxurious master suite with double‑sink vanity and walk‑in closet
    • Finished lower level provides versatile space
    • Includes in‑unit laundry room with full‑size washer and dryer

    Overview

    Manchester Village Townhomes is a 12-unit townhome community located in West Des Moines, IA. Constructed in 2022-2023, Manchester Village comprises 12 units, each featuring 3 bedrooms and 2.5 bathrooms. These townhomes have open floor plans with large windows, sleek white cabinetry, quartz countertops, and stainless steel appliances, including a refrigerator. LVP flooring spans the main level, while the upper level includes a master suite with a double-sink vanity and walk-in closet, two additional bedrooms, a full bathroom, and a laundry room equipped with a full-size washer and dryer. The finished lower level offers a versatile space, suitable for a family room or a potential fourth bedroom. The Manchester Village Townhome portfolio consists of three 4-plex buildings, offering investors the flexibility to purchase a single 4-plex or all three.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare 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
    -93.7855
    Latitude
    41.5694

    Nearby Similar for Sale

    • $250,000
      2,623 SF

      Valley Junction Triplex Investment Opportunity

      Triplex in historic Valley Junction, West Des Moines. Great investment.
      317 7th Street, West Des Moines, IA 50265
      View Details
    • $1,295,000
      10,143 SF

      West Des Moines 12-Plex Apartment

      Three-story, 12-unit apartment building in West Des Moines, Iowa.
      800 13th Street, West Des Moines, IA 50265
      View Details
    • $575,000
      4,209 SF

      Valley Junction Retail and Office

      Two meticulously maintained buildings with retail and office space.
      324 1st St, West Des Moines, IA 50265
      View Details
    • $2,750,000
      30,450 SF

      West Des Moines Office Building

      Modern office building with ample parking and convenient location.
      1200 12th Street, West Des Moines, IA, 50265
      View Details
    • $585,750
      3,550 SF

      Remodeled Class A Office Space

      Class A office space remodeled in 2022, great location.
      1000 73rd St, West Des Moines, IA
      View Details
    • $450,000
      2,472 SF

      Valley Junction Owner-User Opportunity

      Office building with finished basement near Valley Junction.
      401 Grand Ave, West Des Moines, IA 50265
      View Details
    • $6,293,000
      6,674 SF

      West Des Moines Fueling Station

      Fueling station with convenience store, long-term corporate lease.
      9150 SE University Ave, West Des Moines, IA 50266
      View Details
    • $219,975
      2,933 SF

      Remodeled Office Space Available

      Remodeled office space with reception, conference room, and private offices.
      1454 30th St, West Des Moines, IA
      View Details
    • $1,200,000
      6,718 SF

      West Des Moines Commercial Property

      6,718 SF commercial property with showroom and warehouse space.
      101 Ashworth Road, West Des Moines, IA 50265
      View Details
    • $4,250,000
      22,849 SF

      West Des Moines Office Building

      Office building with recent renovations and ample parking.
      1300 37th Street, West Des Moines, IA, 50265
      View Details
    • Contact for pricing
      856,000 SF

      Valley West Mall Development Opportunity

      856,000 SF retail property on 57.72 acres in Iowa.
      1551 Valley West Drive, West Des Moines, IA, 50266
      View Details
    • $485,000
      5,184 SF

      Historic Valley Junction Church Property

      Former church building in historic Valley Junction, ready for occupancy.
      313 6th St, West Des Moines, IA 50265
      View Details

    FAQs

    What type of property is this?
    Apartment building - New 12-unit townhome community with modern amenities.
    Where is this apartment building located?
    The property is located at 302-358 Harmony Ave West Des Moines IA West Des Moines, IA.
    What are key features of this property?
    This property features: Modern townhome community built in 2022‑2023; Each unit features 3 bedrooms and 2.5 bathrooms; High‑end finishes including sleek white cabinetry, quartz countertops, and stainless steel appliances (including refrigerator)
    (515) 334-3345 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew McCune
    Andrew McCune
    Real Estate License ID: IA S64937000
    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
    302-358 Harmony Ave, West Des Moines, IA, West Des Moines, IA 50266
    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!