Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Premier Office Development For Rent Title is generated by Realmo AI

    Grand Ave & Raccoon River Dr West Des Moines IA 50266 USA, West Des Moines, IA 50266

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr $67,466/Mo (calc)

    Office space near I-35, DMACC, DMU, and RecPlex.

    Type:Office
    Property size:
    36,800 SF
    Added:
    Nov 22, 2025
    Days on Market:
    182
    Last Refresh:
    Apr 5 at 9:26 pm

    Property Features for Grand Ave & Raccoon River Dr West Des Moines IA 50266 USA

    General Information

    Standard status
    Active
    Size
    36,800 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Riley Hogan

    Listing agent Riley Hogan

    Listing office CBRE

    Listing date Nov 22, 2025

    Source Cbre

    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

    HighLights

    • Highly accessible location right off Interstate 35.
    • Brand new office development.
    • Close proximity to DMACC campus, new DMU campus, and MidAmerican RecPlex.
    • Endless amenities for office tenants.
    • Minutes from Jordan Creek Town Center.
    • Minutes from West Glen Town Center.

    Overview

    This premier office development is located near Interstate 35, DMACC campus, the new DMU campus, and the MidAmerican RecPlex. The location is also minutes from Jordan Creek and West Glen Town Center, offering amenities to office tenants. The property has high accessibility and a total size of 36800 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7855
    Latitude
    41.5694

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      IA, West Des Moines - One Corporate Place

      1501 42Nd St, West Des Moines, IA 50266
      View Details
    • Sponsored
      $129-$3,657/Mo
      11-1,292 SF

      IA, West Des Moines - West Lakes Parkway

      1601 Lakes Pkwy, West Des Moines, IA 50266
      View Details
    • $129-$2,776/Mo
      11-1,292 SF

      IA, West Des Moines - Valley West Drive

      1200 Valley West Dr, Unit 200, West Des Moines, IA 50566
      View Details
    • Sponsored
      $129-$3,646/Mo
      11-1,292 SF

      West Glen Town center

      5550 Wild Rose Ln, Unit 400, West Des Moines, IA 50266
      View Details
    • $12,500/Mo
      6,916 SF

      West Des Moines Restaurant Opportunity

      Freestanding, fully-equipped restaurant on University Avenue available for lease.
      4570 University Avenue, West Des Moines, IA, 50266
      View Details
    • $13 SF/Yr
      2,533 SF

      Office Suite Near Jordan Creek

      Office suite for sublease near Jordan Creek Town Center.
      160 South 68th Street, West Des Moines, IA, 50266
      View Details
    • $21 SF/Yr
      18,000 SF

      Retail Space in Ponderosa Village

      5,852 SF retail space in high-end Ponderosa Village.
      440 Fairway Drive, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr
      24,336 SF

      West Des Moines Office Space

      Modern office suites with excellent access and abundant parking.
      5550 Wild Rose Lane, West Des Moines, IA, 50266
      View Details
    • $16 SF/Yr
      8,132 SF

      West Des Moines Office Space

      Office space for rent with flexible lease terms.
      2910 Westown Parkway, West Des Moines, IA, 50266
      View Details
    • $7 SF/Yr
      825 SF

      Updated Office Space in Iowa

      West Des Moines office space with recent updates and ample parking.
      1501 42nd St, West Des Moines, IA
      View Details
    • $9 SF/Yr
      93,438 SF

      West Des Moines Office Space

      Class B office space near Valley West Mall for rent.
      2700 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      1,555 SF

      Retail Space in West Des Moines

      Retail space available in a high-traffic West Des Moines location.
      2900 University Ave, West Des Moines, IA
      View Details

    FAQs

    What type of property is this?
    Office units - Office space near I-35, DMACC, DMU, and RecPlex.
    Where is this office units located?
    The property is located at Grand Ave & Raccoon River Dr West Des Moines IA 50266 USA West Des Moines, IA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Highly accessible location right off Interstate 35.; Brand new office development.; Close proximity to DMACC campus, new DMU campus, and MidAmerican RecPlex.
    (515) 778-0739
    We can help!
    Listing Contact
    Riley Hogan
    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
    Grand Ave & Raccoon River Dr, West Des Moines, IA 50266, USA, 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!