Restaurant Building on University
For Sale
Contact for pricing
4570 University Ave, West Des Moines, IA 50266
Freestanding restaurant with fixtures and equipment on major thoroughfare.
Property Size6,916 SF
Price / SF$344.85
Days on Market911
Property Features for 4570 University Ave
General Information
Standard status
Active
Size
6,916 SF
Property subtype
Retail
Lease Type
NNN
Building Details
Year Built
1998
Buildings
1
Listing Agency:
CBRE - Des Moines
Listed By:
Bill Wright · License #IA S33231000
(515) 210-3050
Source:
Crexi
Added: Apr 10, 2024
Changed: Sep 27
Last Checked: Oct 5 at 4:20PM
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 - Des Moines
Investment Insights
Based on property information with market context.
This is a 6,916 square foot freestanding restaurant property available for sale or lease. It is located on University Avenue in West Des Moines, Iowa, a major thoroughfare with a mix of businesses, restaurants, shopping centers, and residential areas. The property is fully equipped with fixtures and equipment, presenting a turn-key opportunity for restaurant owners.
Key Highlights
- Turn‑key restaurant opportunity with all fixtures and equipment included.
- High‑visibility location on University Avenue, a major thoroughfare.
- Standalone building with 6,916 square feet of space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,231
Cap Rate
3.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,764,620
$1.8M
Cap Rate 7%
$1,260,443
$1.3M
Cap Rate 9%
$980,344
$980.3K
Market Conditions
NOI Build-Up for 6,916 SF
Gross rent
$124.5K $18.00/SF
− Vacancy
−$6.8K −$0.99/SF
EGI
$117.6K $17.01/SF
− OpEx
−$29.4K −$4.25/SF
NOI
$88.2K $12.76/SF
Area
Polk County, IA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,764,620
Cap Rate 7%
$1,260,443
Cap Rate 9%
$980,344
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
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Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant with fixtures and equipment on major thoroughfare.
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: Turn‑key restaurant opportunity with all fixtures and equipment included.; High‑visibility location on University Avenue, a major thoroughfare.; Standalone building with 6,916 square feet of space.
