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Property profile & analytics
OFF-MARKET Estimated value $3,735,000
Investment properties

1261 8th St West Des Moines, IA 50265-2656

48,424 SF 2.08 ac lot Built 2021
Entity Owned 5-yr Hold Free & Clear
Property ID
US25-0028978
Property summary
AI-generated overview

This exceptional 10,500-square-foot medical office building in West Des Moines, Iowa, presents a unique investment opportunity. Located at 1261 8th St, zip code 50265, this single-tenant property offers immediate occupancy. The building is entirely vacant, providing a blank canvas for a medical practice or related business to establish a prominent presence. The property is classified as retail, office, and restaurant space, though currently marketed as medical office space. Its versatile design allows for customization to suit various medical needs. The building's prime location in West Des Moines offers easy access to Interstate 235, providing convenient commutes for both patients and staff. This strategic location ensures high visibility and accessibility to both downtown Des Moines and the western suburbs. The building is part of a larger mixed-use development, which includes 42 residential units, creating a vibrant and active surrounding community. The total square footage available is 10,500 square feet, making it suitable for a large practice or a multi-specialty clinic. This is an unparalleled chance to secure a substantial and well-situated medical office building in a thriving Iowa community. The property's size and location make it an ideal investment for long-term growth and profitability.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2021
Construction FRAME
Total area 48,424 SF
Lot 2.08 ac (90,735 SF)
APN 320/01148-000-003
UPID US25-0028978
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Keystone on 8th Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.35M
Blend (final) Blend
$3.74M
Owner & transaction history
Series 8 Of Jgc Holdings LLC · 5 yrs held
Series 8 Of Jgc Holdings LLC
since 2021
2 recorded transactions
2021
Price N/A
2021
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $5.7M +5.8%
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