Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1501 42Nd St West Des Moines, IA 50266

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $8 SF/Yr
    Lot size:
    6,249 SF

    Property Features for 1501 42Nd St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,249 SF

    Spaces For Lease

    at 1501 42Nd St, West Des Moines, IA 50266 Contact us
    Unit Virtual Office

    $43 /Mo

    Size
    54 SF
    Contact us
    Unit Flexible coworking membership

    $13 /Mo

    Size
    108 SF
    Contact us
    Unit Flexible office membership

    $24 /Mo

    Size
    108 SF
    Contact us
    Unit Coworking space

    $8 /Mo

    Size
    328 SF
    Contact us
    Unit Private office for 1 person

    $9 /Mo

    Size
    538 SF
    Contact us
    Unit Private office for 2 people

    $13 /Mo

    Size
    538 SF
    Contact us
    Unit Private office for 3 people

    $19 /Mo

    Size
    646 SF
    Contact us
    Unit Private office for 4 people

    $19 /Mo

    Size
    646 SF
    Contact us
    Unit Private office for 5 people

    $25 /Mo

    Size
    807 SF
    Contact us
    Unit Open plan office space for + 10 people

    $23 /Mo

    Size
    1,184 SF
    Contact us
    Unit Open plan office space for + 15 people

    $36 /Mo

    Size
    1,292 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Heartland Regus Us
    Heartland Regus Us

    Listing Agency: Regus Listing Agent: Heartland Regus Us

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    integrated telehealth partners Crisis Center Open Hearts Therapy, ... Crisis Center R.J. Hudson Law ... Law Firm Bittner Julie Law Firm Gonzalez Saggio & Harlan Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7601591
    Latitude
    41.5932652

    Nearby Similar for Lease

    • Contact for pricing
      2,520 SF

      West Des Moines Retail Space

      New construction retail space with drive-thru and patio.
      840 1St St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      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 50266
      View Details
    • $23 SF/Yr
      9,862 SF

      Class A Office Space Available

      Modern office space for lease in West Des Moines, Iowa.
      9750 University Ave, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      1,413 SF

      Medical Office Space Available

      Ready-to-use medical suite with ample parking and prime location.
      1031 Office Park Rd, West Des Moines, IA 50265
      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
    • $18 SF/Yr
      19,736 SF

      Retail Strip Center For Lease

      Retail space available in a Kum & Go anchored neighborhood center.
      5917 Ashworth Rd, West Des Moines, IA 50266
      View Details
    • $10 SF/Yr
      99,840 SF

      Century II Office Space for Lease

      West Des Moines A-Class Office Suites Available
      1415 28Th St, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      78,115 SF

      West Des Moines Office Space for Lease

      Executive & Traditional Office Suites Available
      4601 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $23 SF/Yr
      24,157 SF

      Coachlight Plaza Office Space

      West Des Moines, IA Executive Office Suite
      6420 Coachlight Dr, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      15,438 SF

      West Des Moines Executive Suites

      Prime Office Space Available Now
      5500 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $10 SF/Yr
      41,138 SF

      West Des Moines Office Space

      Modern Office Suites, Flexible Sizes
      3001 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      10,981 SF

      West Des Moines Office Space

      Office space in prime location with easy transportation access.
      3001 Westown Pkwy, West Des Moines, IA 50266
      View Details

    FAQs

    Where is this office space located?
    The property is located at 1501 42Nd St West Des Moines, IA.
    What is the lease rate?
    The lease rate is $8-$43 SF/Yr.
    What are key features of this property?
    This property features: Private, furnished, and equipped offices; options include serviced, custom, disaster recovery, and day offices.; Coworking spaces with dedicated desks and hot-desking options.; Meeting rooms equipped with technology and catering available.
    Request Owner's contact information
    1501 42Nd St West Des Moines, IA 50266
    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.
    1501 42Nd St
    West Des Moines, IA 50266
    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
    1501 42Nd St West Des Moines, IA 50266
    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

    We can help!
    Listing Contact
    Heartland Regus Us
    Heartland Regus Us
    Learn more
    Google sign-in failed. Please try again or use another login method.