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    1001 Office Park Rd West Des Moines, IA 50265

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    For Lease
    Contact for pricing

    Executive & Traditional Suites Available Now

    Lot size:
    41,460 SF

    Property Features for 1001 Office Park Rd

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    41,460 SF
    Total Rate
    51825

    Spaces For Lease

    at 1001 Office Park Rd, West Des Moines, IA 50265 Contact us
    Unit Suite 113

    $15 /Mo

    Size
    531 SF
    Contact us
    Unit Suite 123

    $15 /Mo

    Size
    833 SF
    Contact us
    Unit 115

    $15 /Mo

    Size
    512 SF
    Contact us
    Unit Suite 110

    $15 /Mo

    Size
    2,296 SF
    Contact us
    Unit 218

    $15 /Mo

    Size
    467 SF
    Contact us
    Unit 115B

    $15 /Mo

    Size
    390 SF
    Contact us
    Unit 109

    $15 /Mo

    Size
    567 SF
    Contact us
    Unit 104

    $15 /Mo

    Size
    728 SF
    Contact us
    Unit Suite 317

    $15 /Mo

    Size
    1,038 SF
    Contact us
    Unit Suite - 313

    $15 /Mo

    Size
    823 SF
    Contact us
    Unit Suite 303

    $15 /Mo

    Size
    380 SF
    Contact us
    Unit Suite - 201

    $15 /Mo

    Size
    2,261 SF
    Contact us
    Unit Suite 117

    $15 /Mo

    Size
    512 SF
    Contact us
    Unit Suite 300

    $15 /Mo

    Size
    5,518 SF
    Contact us
    Unit Suite 210

    $15 /Mo

    Size
    1,392 SF
    Contact us
    Unit Suite 206

    $15 /Mo

    Size
    708 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Keith Olson
    Keith Olson

    Listing Agency: LOCATE Commercial Real Estate Listing Agent: Keith Olson

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

    Learn more

    Overview

    This exceptional office property, located at 1001 Office Park Rd in West Des Moines, Iowa, offers a diverse range of leasing opportunities. The building totals 41,460 square feet and is situated in Polk County, zip code 50265. The property features both executive and traditional office spaces, catering to a variety of business needs. With a minimum divisible space of 380 square feet, this location is ideal for small businesses looking to establish a professional presence, while larger tenants can occupy up to 5,518 contiguous square feet. Currently, there is a significant amount of vacant space totaling 20,826 square feet, presenting a unique opportunity for immediate occupancy. The building's multiple tenancy structure allows for flexibility and a vibrant, collaborative environment. This prime West Des Moines location offers easy access to major transportation routes and amenities, making it an attractive option for businesses seeking a convenient and prestigious address. The property is available for lease and is perfect for companies seeking a modern and functional workspace in a thriving community. Contact us today to schedule a viewing and explore the possibilities of establishing your business at this exceptional location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Yestaurants (Bike/Boat/Book/etc) Store Legacy Insurance Service Insurance Agency Employee & Family Resources Crisis Center AT&co Dance Studio Training Center Mark Walter Insurance Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    -93.7163007
    Latitude
    41.5911018

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    FAQs

    What type of property is this?
    Office property - Executive & Traditional Suites Available Now
    Where is this office property located?
    The property is located at 1001 Office Park Rd West Des Moines, IA.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: Prime West Des Moines location with easy access.; Abundant surface parking available.; Locally owned and managed property.
    (515) 460-0624 Call to check price and availability
    Request Owner's contact information
    1001 Office Park Rd West Des Moines, IA 50265
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    West Des Moines, IA 50265
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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
    1001 Office Park Rd West Des Moines, IA 50265
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Keith Olson
    Keith Olson
    Real Estate License ID: B57438000
    (515) 460-0624 (515) 750-7500
    Learn more
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