401 Grand Ave, West Des Moines, IA 50265
Office building with finished basement near Valley Junction.
- Added:
- Feb 4, 2026
- Days on Market:
- 143
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 401 Grand Ave
General Information
- Standard status
- Active
- Size
- 2,472 SF
- Property subtype
- Office
Listing office JLL - Des Moines, Iowa (515) 218-7010
Listing date Feb 4, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of JLL - Des Moines, Iowa
HighLights
- Excellent visibility and accessibility along Grand Avenue
- Rare owner‑user opportunity
- Finished basement totaling 1,008 SF
- Onsite parking available
- In close proximity to retailers, restaurants, and grocers
- Less than 2 miles from Interstate access
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.3k | $21.96 |
| − Vacancy | −$10.9k | −$4.39 |
| EGI | $43.4k | $17.57 |
| − OpEx | −$10.9k | −$4.39 |
| NOI | $32.6k | $13.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- West Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.7078214
- Latitude
- 41.5829446
