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    The Largest CRE Database in the US with Over 1 Million Listings

    2700 Westown Pkwy West Des Moines, IA 50266

    Sponsored
    For Lease
    $9 SF/Yr

    West Des Moines office space, flexible sizes.

    Lot size:
    93,438 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    423
    Century I, located at 2700 Westown Pkwy, West Des Moines, IA 50266, offers a diverse range of office solutions. This Class B, four-story building totaling 93,438 square feet provides executive suites, coworking spaces, and traditional office layouts. The property boasts 35,186 square feet of immediately available space, divisible into units as small as 200 square feet, with a maximum contiguous space of 15,462 square feet. Built in 1984, Century I sits on a 6.921-acre lot (301,495 square feet) and features ample parking with 342 spaces and two passenger elevators. Its convenient location in Polk County's Western Suburbs offers easy access to a variety of amenities, including popular restaurants like Jethro's BBQ, Nick's Bar & Grill, Jason's Deli, and Starbucks, as well as major retailers such as Best Buy, Hy-Vee, and Target. The property is zoned PCP - Professional Commerce Park and is managed on-site. This prime location provides exceptional accessibility and visibility within a thriving commercial area. Multiple tenancy options are available to suit various business needs.

    Property Features for 2700 Westown Pkwy

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    93,438 SF
    Class
    B
    Total Rate
    70078.5

    Building Details

    Year Built
    1984
    Buildings
    1
    Stories
    4

    Spaces For Lease

    at 2700 Westown Pkwy, West Des Moines, IA 50266 Contact us
    Unit #400

    $9 /Mo

    Size
    15,443 SF
    Contact us
    Unit #240

    $9 /Mo

    Size
    2,652 SF
    Contact us
    Unit Suite 230

    $9 /Mo

    Size
    1,028 SF
    Contact us
    Unit #245

    $9 /Mo

    Size
    4,308 SF
    Contact us
    Unit Space 345

    $9 /Mo

    Size
    11,325 SF
    Contact us
    Unit #325 C

    $9 /Mo

    Size
    7,173 SF
    Contact us
    Unit #410

    $9 /Mo

    Size
    2,262 SF
    Contact us
    Unit #100

    $9 /Mo

    Size
    2,050 SF
    Contact us
    Unit #250

    $9 /Mo

    Size
    936 SF
    Contact us
    Unit #260

    $9 /Mo

    Size
    3,325 SF
    Contact us
    Unit #320

    $9 /Mo

    Size
    2,670 SF
    Contact us
    Unit #265 C

    $9 /Mo

    Size
    1,648 SF
    Contact us
    Unit #200 C

    $9 /Mo

    Size
    9,161 SF
    Contact us
    Unit #315

    $9 /Mo

    Size
    2,643 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Heath Bullock
    Heath Bullock

    Learn more

    Property Insight Report

    HighLights

    • Class B office space in West Des Moines, IA.
    • Ample free surface parking (342 spaces).
    • Well‑maintained building with attractive landscaping.
    • Excellent location near Westown Parkway and I‑235.
    • Monument signage opportunity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Igor, Power Over ... (Bike/Boat/Book/etc) Store Vida Psychotherapy Physician Leukemia & Lymphoma Society Association Or Organization Iowa Fair Plan ... Insurance Agency LPL Financial LLC Bank

    Suggested Use

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

    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
    -93.7410493
    Latitude
    41.5952856

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      West Des Moines Executive Suites

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    FAQs

    What type of property is this?
    Coworking space - West Des Moines office space, flexible sizes.
    Where is this coworking space located?
    The property is located at 2700 Westown Pkwy West Des Moines, IA.
    What is the lease rate?
    The lease rate is $9-$9 SF/Yr.
    What are key features of this property?
    This property features: Class B office space in West Des Moines, IA.; Ample free surface parking (342 spaces).; Well-maintained building with attractive landscaping.
    (515) 554-7412
    Request Owner's contact information
    2700 Westown Pkwy West Des Moines, IA 50266
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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
    2700 Westown Pkwy West Des Moines, IA 50266
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    We can help!
    Listing Contact
    Heath Bullock
    Heath Bullock
    Real Estate License ID: B38797
    (515) 554-7412
    Learn more
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