1500 NW 118Th St Des Moines, IA 50325
Property profile & analytics
1500 NW 118Th St Des Moines, IA 50325
- Investment properties
- 86,892 SF
- 12.21 lot acres
Property ID
US25-0323785
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 1500 NW 118Th St
- Year built
- 2004
- Construction
- STEEL FRAME
- Lot size
- 12.21 lot acres
- Property size
- 86,892 SF
- Zone code
- C-3
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 291/00445-521-000
- APU
- 29100445521000
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,037,000
- AI Estimate
- $5,300,000
Market price range: $5.04M - $9.72MMarket price range: $2.44M - $9.72M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $7,210,000 Current use
- RETAIL STORES
- $10,095,000 Change: +40% Conversion: Easy
- WAREHOUSE, STORAGE
- $7,985,000 Change: +11% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $6,950,000 Change: -4% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.7803
- Latitude
- 41.6044
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2020
$231,800
$3,650,000
$5,540,000
$9,190,000
-
$3,650,000
$5,540,000
$9,190,000
