Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2167 Grand Ave West Des Moines, IA 50265
    Back to Search
    Property profile & analytics

    2167 Grand Ave West Des Moines, IA 50265

    View on Map
    • Retail properties & Spaces
    • 15,600 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Keyboard West Studios / Tutoring Service

    Property Details for 2167 Grand Ave

    Year built
    1998
    Property size
    15,600 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity in West Des Moines, Iowa, presents a 15,600 square foot commercial building situated on a generous 3.21-acre lot. The property, located at 2167 Grand Avenue, boasts a prime location south of the EP True & Grand intersection. Currently, 2,500 square feet of space is available for lease within this multi-tenant building. Constructed in 1998, the building is classified as Class B and zoned CMC. The available space is a turnkey solution, featuring a thoughtfully designed layout including five private offices, a dedicated conference room, two private restrooms, a convenient kitchenette, a welcoming reception area, and a substantial open area ideal for various retail uses. This property offers significant potential for businesses seeking a well-established location with ample space and convenient amenities. The address is 2167 Grand Ave, West Des Moines, IA 50265.

    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
    -93.735
    Latitude
    41.567

    Comparable in this City

    • Value Estimation by Request
      22,154 SF

      1308 8Th St

      Office properties & Spaces • 22,154 SF
      1308 8Th St, West Des Moines, IA 50265
      View Details
    • Value Estimation by Request
      1,800 SF

      1115 Railroad Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,800 SF
      1115 Railroad Ave, West Des Moines, IA 50265-4448
      View Details
    • Value Estimation by Request
      2,848 SF

      1916 Fuller Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,848 SF
      1916 Fuller Rd, West Des Moines, IA 50265-5527
      View Details
    • Value Estimation by Request
      6,967 SF

      1054 73Rd St

      Retail properties & Spaces • 6,967 SF
      1054 73Rd St, Clive, IA 50265
      View Details
    • Value Estimation by Request
      6,830 SF

      415 5Th St

      Individual retail properties • 6,830 SF
      415 5Th St, West Des Moines, IA 50265
      View Details
    • Value Estimation by Request
      2,304 SF

      1021 Railroad Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,304 SF
      1021 Railroad Ave, West Des Moines, IA 50265-4447
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,209 SF

      Valley Junction Mixed-Use Opportunity

      Two meticulously maintained buildings with retail and office spaces.
      324 1St St, West Des Moines, IA 50265
      View Details
    • $1,200,000

      West Des Moines Commercial Property

      6,718 SF commercial property with showroom and warehouse space.
      101 Ashworth Rd, West Des Moines, IA 50265
      View Details
    • $575,000
      4,209 SF

      Valley Junction Retail and Office

      Two meticulously maintained buildings with retail and office space.
      324 1St St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      22 SF

      Land for Commercial Development

      Land available for retail, office, medical, hotel, and multifamily.
      895 South 51St St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      7,200 SF

      Turnkey Restaurant in Historic Building

      Fully operational restaurant with contemporary design and top-notch equipment.
      333 5Th St, West Des Moines, IA 50265
      View Details
    • $4,250,000
      27 SF

      Development Land Near Highway 5

      27.86 acres of development land with utilities available.
      765-825 SE Willow Creek Dr, West Des Moines, IA 50265
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with high visibility in a busy commercial corridor.
      1054 73 St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      36,283 SF

      West Des Moines Retail Space

      Class A neighborhood center in West Des Moines for rent.
      4825 Ep True Pkwy, West Des Moines, IA 50265
      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
    • Contact for pricing

      Retail Space in West Des Moines

      New construction retail space available on Highway 28/1st Street.
      840 1St St, West Des Moines, IA 50265
      View Details
    • $14 SF/Yr
      13,000 SF

      West Des Moines Retail Space

      Retail space available at a highly visible intersection.
      5003 Ep True Pkwy, West Des Moines, IA 50265
      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
    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.
    2167 Grand Ave
    West Des Moines, IA 50265
    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
    2167 Grand Ave, West Des Moines, IA, 50265
    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!