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Property profile & analytics
FOR LEASE
Medical Office Space
1701 22Nd St West Des Moines, IA 50265
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0264578
For Lease
1 / 2
Contact for pricing
1701 22Nd St, West Des Moines, IA 50265
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Property summary
AI-generated overview
This exceptional 6,926 square foot Class B office building, located at 1701 22nd Street Suite 200 in West Des Moines, Iowa, presents a unique investment opportunity. The property, ideally suited for executive or medical office use, boasts a multi-tenant configuration. Built in 1982 and extensively renovated in 2022, the building features a new roof, updated exterior metal HVAC units, a freshly paved driveway, parking lot, and sidewalks. The asking price is $875,000, and the lease type is NNN. The property is conveniently situated on an established business corridor with easy access to I-235, placing it within close proximity to a variety of shops, restaurants, and other amenities. The available space is divisible, with Suite 201 offering 2,891 square feet and Suite 207 providing 4,035 square feet. The entire 6,926 square feet is also available for sale. This prime location and recent renovations make this a highly desirable property for discerning buyers seeking a well-maintained, versatile office space in a thriving West Des Moines business district. The property is in Polk County, Iowa, zip code 50265.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
STEEL FRAME
Total area
7,615 SF
Lot
0.81 ac (35,068 SF)
Zoning code
RC
APN
320/04927-002-001
UPID
US25-0264578
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
-
West Des Moines Dental Center Dental Office
-
Nahas Jennifer Dr Dental Office
-
Susan G. Komen Greater Iowa Charitable Organization Social Service Agency
-
Family Practice Medical Clinic Physician
-
Barazanji Majed W MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$802k
Blend (final)
Blend
$655k
Owner & transaction history
Meyer Prop Hldgs LLC · 6 yrs held
Meyer Prop Hldgs LLC
since 2020
1 recorded transaction
Zoning & alternative use
RC · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
$21
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
100.16 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs West Des Moines submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs West Des Moines submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$655k
Range $590k – $721k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$86 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$27,298
Tax year 2020
Assessed value
$1,150,000
Assessed 2023
Previous assessed
$1,150,000
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$637,000
Assessed improvement
$513,000
Land market value
$637,000
Improvement market value
$513,000
Total market value
$1,150,000
Applied tax rate
20.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
1982
Construction
STEEL FRAME
Heating
NONE
Buildings
1
Stories
1
Total area
7,615 SF
Lot
0.81 ac (35,068 SF)
Zoning code
RC
APN
320/04927-002-001
UPID
US25-0264578
Jurisdiction
POLK
Zoning & alternative use
RC · West Des Moines, IAZoning RC · permitted uses
RC · West Des Moines, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
$21
Zone name
Regional Commercial
General category
COMMERCIAL
Zone area
100.16 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Construction
STEEL FRAME
Heating
NONE
Stories
1
Buildings
1
Lot
0.81 ac
Current owner
From public records · entity-resolved
Meyer Prop Hldgs LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2500 COUNTRY SIDE CIR, WEST DES MOINES, IA 50265-7642
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 14, 2020
—
Meyer Prop Hldgs LLC
John W Meyer
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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