Office
For Sale
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815 Office Park Rd Unit 10, West Des Moines, IA 50265
Established commercial office space in a West Des Moines business setting.
Property Size11,200 SF
Price / SF$0.14
Days on Market73
Property Features for 815 Office Park Rd Unit 10
General Information
Standard status
Active
Size
11,200 SF
Property subtype
Commercial
Building Details
Year Built
1977
Listing Agency:
Space Simply
Listed By:
Neil Timmins (515) 556-9674
(515) 556-9674
Source:
Centraliowahomesearch
Added: Aug 9
Changed: Oct 10
Last Checked: Oct 19 at 6:45AM
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 Space Simply
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Investment Insights
Based on property information with market context.
This office unit is part of a commercial property completed in 1977. The asset is located at 815 Office Park Rd Unit 9 in West Des Moines, Iowa 50265.
Key Highlights
- Office unit at 815 Office Park Rd Unit 9
- Building completed in 1977
- West Des Moines, IA 50265 location
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,571
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,951,420
$3.0M
Cap Rate 7%
$2,108,157
$2.1M
Cap Rate 9%
$1,639,678
$1.6M
Market Conditions
NOI Build-Up for 11,200 SF
Gross rent
$246.0K $21.96/SF
− Vacancy
−$49.2K −$4.39/SF
EGI
$196.8K $17.57/SF
− OpEx
−$49.2K −$4.39/SF
NOI
$147.6K $13.18/SF
Area
Polk 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%
$2,951,420
Cap Rate 7%
$2,108,157
Cap Rate 9%
$1,639,678
Alternative Uses
Best Use
Office B
$2.11M
$1.84M – $2.46M
NOI $147,571 @ 7.0% cap · market cap 9,252.10%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$10.78M
$9.43M – $12.58M
NOI $754,701 @ 7.0% cap · market cap 47,316.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
Demographics for 50265, IA
32,187
Population
15,104
Households
2.1
Avg Household Size
38
Median Age
48%
College-Educated
95%
High-School Grad
19.3 sq mi
ZIP Area
1,668
Density / Sq Mi
$84,588
Median Household Income
$49,785
Median Earnings
$1,065
Median Rent
$267,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Established commercial office space in a West Des Moines business setting.
Where is this office unit located?
The property is located at 815 Office Park Rd Unit 10 West Des Moines, IA.
What are key features of this property?
This property features: Office unit at 815 Office Park Rd Unit 9; Building completed in 1977; West Des Moines, IA 50265 location
