Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1415 28Th St West Des Moines, IA 50266

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available for lease in West Des Moines.

    Property Features for 1415 28Th St

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Lucas Hedstrom
    Source: Crexi

    Listing Agency: JLL - Des Moines, Iowa Listing Agent: Lucas Hedstrom

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

    Learn more

    Overview

    West Des Moines Office Space

    This commercial real estate property, identified as an office space, is available for lease.
    Location Intelligence

    Current Use by Public Records

    Iowa Title Company Title Company SumTotal Systems (Bike/Boat/Book/etc) Store Pearson Bollman Law Law Firm Hopkins Law Office, ... Law Firm Iowa Society of Certified ... Charitable Organization

    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.

    Similar Places Nearby

    Iowa Computer Club, I. T. Management, LLC, Mobile Spot

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7406196
    Latitude
    41.5939099

    Nearby Similar for Lease

    • Contact for pricing

      IA, West Des Moines - One Corporate Place

      Workspaces, services and support to help you work better in UT, Clearfield - 1412 Legend Hills Dr
      1501 42Nd St, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      IA, West Des Moines - West Lakes Parkway

      Discover many ways to work your way in IA, West Des Moines - West Lakes Parkway
      1601 Lakes Pkwy, West Des Moines, IA 50266
      View Details
    • Sponsored
      Contact for pricing

      IA, West Des Moines - Valley West Drive

      Flexible workspace in IA, West Des Moines - Valley West Drive
      1200 Valley West Dr, West Des Moines, IA 50566
      View Details
    • Sponsored
      Contact for pricing

      West Glen Town center

      Discover many ways to work your way in West Glen Town center
      5550 Wild Rose Ln, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr
      24,336 SF

      West Des Moines Office Space

      Modern office suites with excellent access and abundant parking.
      5550 Wild Rose Ln, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      2,520 SF

      Retail Space in West Des Moines

      New construction retail space with drive-thru and outdoor seating.
      840 1St St, West Des Moines, IA 50265
      View Details
    • $12,500 /Mo
      6,916 SF

      West Des Moines Restaurant Opportunity

      Freestanding, fully-equipped restaurant on University Avenue available for lease.
      4570 University Ave, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      24,136 SF

      Historical Building in Valley Junction

      Remodeled historical building suitable for restaurant, entertainment, or brewery.
      111 South 11Th St, West Des Moines, IA 50265
      View Details
    • $8 SF/Yr
      54,508 SF

      West Des Moines Office Space

      Office space for lease with interstate visibility and highway access.
      4300 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      New Mixed-Use Development Retail Space

      Retail space available in West Des Moines mixed-use development.
      950 Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr
      8,132 SF

      West Des Moines Office Space

      Office space for rent with flexible lease terms.
      2910 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $16 SF/Yr

      Medical Office Space Available

      Class A medical space in the heart of Medical Mile.
      5901 Westown Pkwy, West Des Moines, IA 50266
      View Details

    FAQs

    What type of property is this?
    Office property - Office space available for lease in West Des Moines.
    Where is this office property located?
    The property is located at 1415 28Th St West Des Moines, IA.
    What are key features of this property?
    This property features: - For Lease
    Request Owner's contact information
    1415 28Th 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.
    1415 28Th 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
    1415 28Th 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
    Lucas Hedstrom
    Real Estate License ID: IA S67582000
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!