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Property profile & analytics
FOR SALE
Investment properties

1500 NW 118Th St Des Moines, IA 50325

86,892 SF 12.21 ac lot Built 2004
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US25-0323785
Property summary
AI-generated overview

This exceptional executive office building, located at 1500 NW 118th St in Des Moines, Iowa, presents a unique investment opportunity. The property boasts a substantial 86,892 square feet of total building space, ideally suited for a single tenant seeking a prestigious and expansive office environment. Situated on a generous 12.21-acre lot, the property offers ample parking and potential for future expansion or development. The building's classification as an "Executive Office" suggests high-quality finishes and amenities, making it an attractive option for businesses seeking a sophisticated and functional workspace. The property's location in Des Moines, Iowa, zip code 50325, provides convenient access to major transportation routes and a thriving business community. This single-tenancy building offers a rare opportunity to acquire a significant and well-positioned office property in a desirable market. The sale or lease of this property presents a compelling proposition for businesses seeking to establish a strong presence in the Des Moines area. The substantial lot size provides flexibility for future development or expansion, adding further value to this already impressive offering. Interested parties are encouraged to explore this opportunity further. The property's size and location make it an ideal choice for a variety of businesses seeking a prominent and functional office space.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2004
Construction STEEL FRAME
Total area 86,892 SF
Lot 12.21 ac (531,693 SF)
Zoning code C-3
APN 291/00445-521-000
UPID US25-0323785
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$7.04M
Blend (final) Blend
$6.80M
Owner & transaction history
Amc Real Estate Holdings LLC · 9 yrs held
Amc Real Estate Holdings LLC
since 2017
3 recorded transactions
2017
Price N/A
2009
Price N/A
2009
Price N/A
Zoning & alternative use
C-3 · Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $10.1M +40.0%
Warehouse, storage $8.0M +10.8%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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