Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1500 118Th St Des Moines, IA 50325

    For Sale
    $4,950,000

    Prime Office Space, 86,892 SF, Des Moines

    Property size:
    86,892 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 86,892 square foot executive office building, located at 1500 NW 118th St in Des Moines, Iowa, presents a compelling investment opportunity. Built in 1997, the single-building property sits on a spacious 12.21-acre lot and offers a Net Net Net (NNN) lease structure for a single tenant. The asking price is $4,950,000, translating to a price per square foot of $56.97. The property boasts excellent visibility and convenient access to the I-235/80 interchange at University Avenue, ensuring easy commutes for employees and clients. Ample free surface parking is available on-site, eliminating parking hassles. Its central Des Moines location also benefits from the proximity of various retail amenities, providing convenience for occupants. This property is ideal for a business seeking a prominent and well-equipped office space in a thriving area of Polk County, Iowa, with zip code 50325. The property's size and features make it suitable for a variety of executive office uses.

    Property Features for 1500 118Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    86,892 SF
    Lot Size
    531,868 SF

    Building Details

    Year Built
    1997
    Buildings
    1

    HighLights

    • High visibility and convenient I‑235/80 access at the University Ave. interchange.
    • Ample free surface parking.
    • Excellent location with nearby retail amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7796065
    Latitude
    41.6047766

    Nearby Similar for Sale

    • $300,000
      Pending

      Des Moines Fourplex Investment Opportunity

      Spacious fourplex near downtown Des Moines with strong cash flow.
      1418 E 9Th St, Des Moines, IA 50316
      View Details
    • $799,000
      2,691 SF

      Luxury Villas Near Costa Rica Beach

      Boutique villas, walk to beach, income potential.
      Villas Cabuya, Des Moines, IA 50308
      View Details
    • $355,000
      2,509 SF

      Des Moines Fourplex Investment Opportunity

      Fourplex in Des Moines' Drake neighborhood, near Drake University.
      1148 36Th St, Des Moines, IA 50311
      View Details
    • $300,000
      Pending

      Des Moines Fourplex Investment Opportunity

      Well-managed fourplex in Des Moines with cash flow potential.
      1418 E 9Th St, Des Moines, IA 50316
      View Details
    • $2,150,000
      12,392 SF

      Sherman Hill Remodeled Multi-Unit Property

      Remodeled 17-unit property in historic Sherman Hill neighborhood.
      702 20Th St, Des Moines, IA 50314
      View Details
    • $250,000
      Pending

      Revitalization Opportunity Near Drake University

      Seven-unit building suitable for conversion or multifamily use.
      3101 Cottage Grove Ave, Des Moines, IA 50311
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, 86,892 SF, Des Moines
    Where is this office property / space located?
    The property is located at 1500 118Th St Des Moines, IA.
    What is the asking price?
    The asking price for this property is $4,950,000.
    What are key features of this property?
    This property features: High visibility and convenient I-235/80 access at the University Ave. interchange.; Ample free surface parking.; Excellent location with nearby retail amenities.
    (515) 415-6103
    Request Owner's contact information
    1500 118Th St Des Moines, IA 50325
    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.
    1500 118Th St
    Des Moines, IA 50325
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    1500 118Th St Des Moines, IA 50325
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.