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    1300 Walnut St Des Moines, IA 50319

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    For Lease
    Contact for pricing

    Prime Des Moines location, 6,401 SF vacant.

    Lot size:
    18,190 SF

    Property Features for 1300 Walnut St

    General Information

    Property type
    Medical Office Space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,190 SF
    Total Rate
    18190

    Building Details

    Year Built
    1995
    Buildings
    1
    Stories
    2

    Spaces For Lease

    at 1300 Walnut St, Des Moines, IA 50319 Contact us
    Unit Suite 102

    $12 /Mo

    Size
    2,893 SF
    Contact us
    Unit Suite 100

    $16 /Mo

    Size
    3,508 SF
    Contact us

    We can help!

    Listing Contact
    Riley Hogan
    Riley Hogan

    Listing Agency: CBRE Des Moines Listing Agent: Riley Hogan

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

    Learn more

    Property Insight Report

    Overview

    This two-story, 18,190 square foot medical office building at 1300 Walnut Street in Des Moines, Iowa, presents a unique investment opportunity. Built in 1995, the property features a total of two suites, with a minimum divisible space of 2,893 square feet and a maximum contiguous space of 3,508 square feet. Currently, 6,401 square feet are vacant, offering significant potential for lease income. Situated on a 0.372-acre lot, the building is zoned DX2 and is located in Polk County, Iowa, zip code 50319. Its prime location on the cultural corridor of Walnut Street places it within walking distance of numerous restaurants and attractions, including The Walnut, Grumpy Goat, Proof, Jimmy John's, Ritual Café, Horizon Line Coffee, and Exile Brewing. Nearby attractions also include the Pappajohn Sculpture Park, Noce, and Teehee's comedy club. This property offers a blend of convenience, accessibility, and proximity to a vibrant urban environment, making it an ideal location for medical practices seeking a high-profile address in Des Moines. The building's multiple suite configuration provides flexibility for various tenant needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Carole Frier, DO Physician Uplift Delivery, a division ... (Bike/Boat/Book/etc) Store Substance Architecture Architecture Firm Mankins Paul Architect Felsburg Holt & Ullevig Engineering Consultant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6331887
    Latitude
    41.58418096

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    FAQs

    What type of property is this?
    Medical Office Space - Prime Des Moines location, 6,401 SF vacant.
    Where is this medical office space located?
    The property is located at 1300 Walnut St Des Moines, IA.
    What is the lease rate?
    The lease rate is $12-$16 SF/Yr.
    What are key features of this property?
    This property features: High ceilings with exposed brick and abundant natural light.; Ample parking available in a nearby garage.; Tenant improvement allowances available.
    (515) 415-6115 Call to check price and availability
    Request Owner's contact information
    1300 Walnut St Des Moines, IA 50319
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    Des Moines, IA 50319
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    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
    1300 Walnut St Des Moines, IA 50319
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    Contact for Pricing
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    and status of this listing Riley Hogan
    Riley Hogan
    Real Estate License ID: F03815000
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