Standalone Restaurant with
For Sale
Contact for pricing
4570 University Ave, West Des Moines, IA 50266
Standalone restaurant on a major thoroughfare, offered fully equipped with fixtures and equipment.
Property Size6,916 SF
Price / SF$344.85
Days on Market842
Property Features for 4570 University Ave
General Information
Standard status
Active
Size
6,916 SF
Property subtype
RETAIL
Listing Agency:
CBRE
(515) 210-3050
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Apr 10, 2024
Changed: Jul 25
Last Checked: Jul 25 at 2:26PM
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 CBRE
Investment Insights
Based on property information with market context.
A highly visible standalone restaurant totaling 6,916 square feet, available for sale or lease. The property is offered as a turn-key opportunity with fixtures and equipment included, supporting immediate restaurant use.
The restaurant is located on University Avenue in West Des Moines, Iowa, a major thoroughfare with a mix of businesses, restaurants, shopping centers, and residential areas.
This offering is well-suited for operators seeking a dedicated restaurant facility with existing in-place improvements.
The restaurant is located on University Avenue in West Des Moines, Iowa, a major thoroughfare with a mix of businesses, restaurants, shopping centers, and residential areas.
This offering is well-suited for operators seeking a dedicated restaurant facility with existing in-place improvements.
Key Highlights
- 6,916 SF standalone restaurant available for sale or lease in West Des Moines, Iowa
- Located on University Avenue, a major thoroughfare with a mix of businesses, restaurants, shopping centers, and residential areas
- Offered fully equipped with fixtures and equipment
Financial Insights For Specialty Retail
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 | $124.5k | $18.00 |
| − Vacancy | −$6.8k | −$0.99 |
| EGI | $117.6k | $17.01 |
| − OpEx | −$29.4k | −$4.25 |
| NOI | $88.2k | $12.76 |
6,916 SF · lease $18.00/SF/yr · vacancy 5.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.26M
$1.10M – $1.47M
NOI $88,231 @ 7.0% cap · market cap 3.70%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$6.66M
$5.83M – $7.77M
NOI $466,028 @ 7.0% cap · market cap 19.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,299
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50266, IA
36,486
Population
18,481
Households
2
Avg Household Size
34
Median Age
60%
College-Educated
97%
High-School Grad
22.3 sq mi
ZIP Area
1,636
Density / Sq Mi
$85,282
Median Household Income
$53,306
Median Earnings
$1,285
Median Rent
$325,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Standalone restaurant on a major thoroughfare, offered fully equipped with fixtures and equipment.
Where is this conventional restaurant located?
The property is located at 4570 University Ave West Des Moines, IA.
What is the asking price?
The asking price for this property is $2,385,000.
What are key features of this property?
This property features: 6,916 SF standalone restaurant available for sale or lease in West Des Moines, Iowa; Located on University Avenue, a major thoroughfare with a mix of businesses, restaurants, shopping centers, and residential areas; Offered fully equipped with fixtures and equipment
