Add Listing
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    4600 Westown Pkwy West Des Moines, IA 50266

    • Office properties & Spaces
    • 72,054 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Xerox Of The Mid West / Computer & Electronic Repair
    • ITA Group Inc / Event Management Company / Business To Business Service
    • American Building Center / Construction Company
    • Win Standards of Excellence / Public Library
    • Rewarding Excellence Card / Association / Organization

    Property Details for 4600 Westown Pkwy

    Year built
    1988
    Property size
    72,054 SF
    Property type
    Office properties & Spaces

    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
    -93.767
    Latitude
    41.594

    Comparable in this City

    • Value Estimation by Request
      39,537 SF

      2829 Westown Pkwy

      Office Units • 39,537 SF
      2829 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      17,500 SF

      5901 Mills Civic Pkwy

      Neighborhood centers • 17,500 SF
      5901 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      1.00 Acre

      91St St

      Land • 1.00 Acre
      0 91St St, West Des Moines, IA 50266
      View Details
    • Value Estimation by Request
      6,137 SF

      2929 Westown Pkwy

      Office Units • 6,137 SF
      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
      30,493 SF

      1601-1701 48Th St

      Office properties & Spaces • 30,493 SF
      1601-1701 48Th St, 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
      2,933 SF

      Remodeled Office Space Available

      Remodeled office space with reception, conference room, and private offices.
      1454 30Th St, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      0.26 Acres

      West Des Moines Commercial Land

      Prime Iowa land, build your dream.
      Plat 1&2 Timber Knl, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      0.62 Acres

      West Des Moines Residential Land

      Build your dream home in Iowa.
      Plat 1 Timber Knl, West Des Moines, IA 50266
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      20,732 SF

      Executive Office Suite in West Des Moines

      Prime Office Space Available, 1,851 sq ft
      1501 42Nd St, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      West Des Moines Office Space

      Office space available for lease in West Des Moines.
      1415 28Th St, West Des Moines, IA 50266
      View Details
    • $14 SF/Yr
      96,105 SF

      Executive Office Suites, West Des Moines

      Premium West Des Moines Office Space Available
      1776 Lakes Pkwy, West Des Moines, IA 50266
      View Details
    • $15 SF/Yr
      38,033 SF

      West Des Moines Executive Office Space

      Class A Office Suites, Abundant Parking
      5550 Wild Rose Ln, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      West Des Moines Office Space

      Office space for rent in West Des Moines, Iowa.
      3001 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      30.71 Acres Available

      30.71 acres available for build-to-suit or ground lease.
      8550 Mills Civic 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.
    4600 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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!