Office Suite with Private
For Sale
Contact for pricing
815 Office Park Road, West Des Moines, IA 50265
CommercialSale, West Des Moines, IA
Property Size1,125 SF
Lot Size0.77 Acres
Price / SF$1.42
Days on Market47
Property Features for 815 Office Park Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
SC
Appliances
Microwave, Refrigerator
Directions
From I-235 and 8th Street, head south on 8th Street. Turn west on Office Park Road and the building will be on your right-hand side.
Subdivision
West Des Moines
Standard status
Active
APN
32001156012005
Lot size
0.77 Acres
Taxes and HOA fees
Tax Description
E 223F LYNG S OF & ADJ LT 13 LT 12 COLBYS OFFICE PARK
Legal Description
E 223F LYNG S OF & ADJ LT 13 LT 12 COLBYS OFFICE PARK
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
private exterior entrance
private restrooms
reception area
black-framed glass partition wall
four private offices
wood slat feature wall
acoustic panels
kitchenette
bonus room
exterior signage
Building Details
Year built
1977
Roof type
Rubber
Listing Agency:
Space Simply
(515) 423-0899
Listed By:
Neil Timmins
(515) 556-9674
Added: Aug 31
Changed: Oct 9
Last Checked: Oct 16 at 5:06AM
MLS# 748363
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 1,125 SF second-floor office suite has four private offices, a wide reception area, and a separate bonus room suited to office, file, or storage use. Three offices have windows. One office features acoustic panels and a wood-slat accent wall, with potential for conference or recording use. A kitchenette includes a sink, microwave, and cabinet storage, and the suite has two private restrooms. Recent interior work includes new carpet tile, luxury vinyl plank flooring, and fresh paint.
Access is by stairs, and the suite has its own exterior entrance with signage above the door. The layout also includes a black-framed glass partition at the reception area. The stated potential users include professional services, counseling and therapy, insurance, accounting, title and escrow, consulting, and creative or media businesses.
Access is by stairs, and the suite has its own exterior entrance with signage above the door. The layout also includes a black-framed glass partition at the reception area. The stated potential users include professional services, counseling and therapy, insurance, accounting, title and escrow, consulting, and creative or media businesses.
Key Highlights
- 1,125 SF office suite on the second floor
- Four private offices, including three with windows
- Two private restrooms and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,823
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,460
$296.5K
Cap Rate 7%
$211,757
$211.8K
Cap Rate 9%
$164,700
$164.7K
Market Conditions
NOI Build-Up for 1,125 SF
Gross rent
$24.7K $21.96/SF
− Vacancy
−$4.9K −$4.39/SF
EGI
$19.8K $17.57/SF
− OpEx
−$4.9K −$4.39/SF
NOI
$14.8K $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%
$296,460
Cap Rate 7%
$211,757
Cap Rate 9%
$164,700
Alternative Uses
Best Use
Office B
$211.8K
$185.3K – $247.1K
NOI $14,823 @ 7.0% cap · market cap 929.34%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$1.08M
$947.6K – $1.26M
NOI $75,807 @ 7.0% cap · market cap 4,752.79%
Zoning and permitted uses should be independently verified with authorities.
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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
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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 units - A second-floor layout includes private restrooms, kitchenette, and exterior signage.
Where is this office units located?
The property is located at 815 Office Park Road West Des Moines, IA.
What are key features of this property?
This property features: 1,125 SF office suite on the second floor; Four private offices, including three with windows; Two private restrooms and a kitchenette
