Office Suite With Private
New
For Sale
Contact for pricing
340 Wright Road, Norwalk, IA 50211
CommercialSale, Office, Norwalk, IA
Property Size1,410 SF
Lot Size4.00 Acres
Price / SF$0.01
Days on Market2
Property Features for 340 Wright Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Directions
Sunset Drive to Wright Road. West on Wright Road to the property.
Subdivision
Norwalk
Standard status
Active
APN
63195000020
Lot size
4.00 Acres
Taxes and HOA fees
Tax Description
24-77-25 NORWALK BUSINESS CENTER PLAT 1 LOT 2
Tax Annual Amount
35789
Legal Description
24-77-25 NORWALK BUSINESS CENTER PLAT 1 LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
open work area
private offices
reception area
restrooms
storage
kitchenette
Building Details
Year built
2005
Architectural style
Other
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Chassi Prado
(515) 201-3002
Added: Oct 22
Last Checked: Oct 23 at 2:06AM
MLS# 751805
Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1,410-square-foot office suite at 340 Wright Road has an open work area, private offices, reception space, restrooms, storage, and a kitchenette. The building dates to 2005 and offers forced-air, natural gas heating and central air conditioning. Public water and sewer serve the property, and signage is available.
Wright Road connects directly with Highway 28, providing access toward Des Moines, West Des Moines, and Indianola. The property is in Norwalk, near residential neighborhoods and community amenities. The suite is zoned C.
Wright Road connects directly with Highway 28, providing access toward Des Moines, West Des Moines, and Indianola. The property is in Norwalk, near residential neighborhoods and community amenities. The suite is zoned C.
Key Highlights
- 1,410‑square‑foot office suite
- Private offices, open work area, reception area, storage, restrooms, and kitchenette
- Direct Wright Road connection to Highway 28
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,578
Suggested Prices Based on Cap Rates
Cap Rate 5%
$371,560
$371.6K
Cap Rate 7%
$265,400
$265.4K
Cap Rate 9%
$206,422
$206.4K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$31.0K $21.96/SF
− Vacancy
−$6.2K −$4.39/SF
EGI
$24.8K $17.57/SF
− OpEx
−$6.2K −$4.39/SF
NOI
$18.6K $13.18/SF
Area
Warren County, 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%
$371,560
Cap Rate 7%
$265,400
Cap Rate 9%
$206,422
Alternative Uses
Best Use
Office B
$265.4K
$232.2K – $309.6K
NOI $18,578 @ 7.0% cap · market cap 109,282.35%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.36M
$1.19M – $1.58M
NOI $95,012 @ 7.0% cap · market cap 558,894.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 50211, IA
15,158
Population
6,469
Households
2.3
Avg Household Size
37
Median Age
37%
College-Educated
98%
High-School Grad
58.6 sq mi
ZIP Area
259
Density / Sq Mi
$97,661
Median Household Income
$52,755
Median Earnings
$883
Median Rent
$293,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a reception area, open workspace, private offices, storage, restrooms, and a kitchenette.
Where is this office unit located?
The property is located at 340 Wright Road Norwalk, IA.
What are key features of this property?
This property features: 1,410‑square‑foot office suite; Private offices, open work area, reception area, storage, restrooms, and kitchenette; Direct Wright Road connection to Highway 28
