Private-Entry Office
917 9th Street, West Des Moines, IA 50265
For Sale
Contact for pricing
Each suite provides a dedicated restroom and building signage can be seen from 9th Street.
Property Size500 SF
Price / SF$2.40
Days on Market2296
Property Features for 917 9th Street
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
private restroom
private entry
building signage
Listing Agency:
Stanbrough Realty Company
(515) 334-3345
Listed By:
Andrew McCune · License IA S64937000
(515) 402-1642
Source:
Prometrorealty
Added: Jul 28, 2020
Changed: Nov 8
Last Checked: Nov 9 at 9:44AM
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 Stanbrough Realty Company
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Investment Insights
Based on property information with market context.
The office suites measure 500 square feet each and include a private restroom and their own entrance. Building signage is visible from 9th Street. The property is located at 917 9th Street in West Des Moines, Iowa 50265.
Key Highlights
- 500‑square‑foot office suites
- Individual suite entrances and private restrooms
- Building signage visible from 9th Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,588
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,760
$131.8K
Cap Rate 7%
$94,114
$94.1K
Cap Rate 9%
$73,200
$73.2K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$11.0K $21.96/SF
− Vacancy
−$2.2K −$4.39/SF
EGI
$8.8K $17.57/SF
− OpEx
−$2.2K −$4.39/SF
NOI
$6.6K $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%
$131,760
Cap Rate 7%
$94,114
Cap Rate 9%
$73,200
Alternative Uses
Best Use
Office B
$94.1K
$82.4K – $109.8K
NOI $6,588 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$123.1K
$107.8K – $143.7K
NOI $8,620 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
830
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
View Realmo Analytics
Market
Properties on Market for Office Units in Polk County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Each suite provides a dedicated restroom and building signage can be seen from 9th Street.
Where is this office unit located?
The property is located at 917 9th Street West Des Moines, IA.
What are key features of this property?
This property features: 500‑square‑foot office suites; Individual suite entrances and private restrooms; Building signage visible from 9th Street
