Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2829-3001 Westown Pkwy West Des Moines, IA 50266
    Back to Search
    Property profile & analytics

    2829-3001 Westown Pkwy, West Des Moines, IA 50266

    View on Map
    • Office Spaces
    • 104,080 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2829-3001 Westown Pkwy

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    Westridge Office Park, located at 2829-3001 Westown Parkway in West Des Moines, Iowa, offers a prime opportunity for businesses seeking executive office space. This three-building complex totals 104,080 square feet, providing a range of options to accommodate various needs. The property features three stories per building and offers flexible lease terms with spaces ranging from a minimum of 2,567 square feet to a maximum contiguous space of 24,464 square feet. Currently, there is a significant amount of vacant space totaling 100,207 square feet, presenting a unique chance to secure a substantial footprint in a desirable location. The park is categorized as Executive Office, Traditional, and Professional space, catering to a diverse range of businesses. Situated in Polk County, Iowa, with a zip code of 50266, Westridge Office Park benefits from excellent accessibility and visibility. The property's multiple tenancy structure allows for a variety of configurations to suit individual business requirements. This is an exceptional opportunity to establish or expand your business in a well-maintained and strategically located office park. Contact us today to learn more about the available spaces and lease options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.743
    Latitude
    41.5969

    Comparable in this City

    • Value Estimation by Request
      42,400 SF

      7601 Office Plaza Dr

      Office Units
      7601 Office Plaza Dr, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      39,537 SF

      2829 Westown Pkwy

      Office Units
      2829 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      6,137 SF

      2929 Westown Pkwy

      Office Units
      2929 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request

      1200 Vly Dr

      Office Units
      1200 Vly Dr, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      48,960 SF

      7780 Office Plaza Dr

      Office Units
      7780 Office Plaza Dr, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      71,478 SF

      4800 Westown Pkwy

      Office Units
      4800 Westown Pkwy, West Des Moines, IA 50266
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      30.71 Acres Available

      30.71 acres available for retail, medical, or office use.
      8670 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      59,785 SF

      West Des Moines Office Building

      Class A office building in West Des Moines, Iowa.
      4125 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      19,687 SF

      Two-Tenant Retail Asset For Sale

      Two-tenant retail property with long-term leases in West Des Moines.
      6503 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      2,533 SF

      Office Suite Near Jordan Creek

      Office suite for sublease near Jordan Creek Town Center.
      160 South 68Th St, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      Move-in Ready Office Suites Available

      Modern office suites for rent with on-site amenities.
      1200 Vly Dr W, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      34,598 SF

      West Des Moines Office Space

      Office space available in Country Club Office Plaza, West Des Moines.
      7780 Office Plaza Dr S, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      West Des Moines Office Suites

      Multiple office suites available in West Des Moines location.
      3737 Woodland Ave, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      3,270 SF

      West Des Moines Office Space

      Office space in prime location with easy access and amenities.
      2929 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $9 SF/Yr

      West Des Moines Office Space

      Class B office space near Valley West Mall for rent.
      2700 Westown Pkwy, West Des Moines, IA 50266
      View Details
    Request Owner's contact information
    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.
    2829-3001 Westown Pkwy
    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
    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

    Thank You for Inquiry
    2829-3001 Westown Pkwy, West Des Moines, IA, 50266
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!