2001 Westown Pkwy West Des Moines, IA 50265
Property profile & analytics
2001 Westown Pkwy, West Des Moines, IA 50265
- Investment properties
- 17,509 SF
- 2.55 lot acres
Property ID
US25-2561899
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
- Heidi M. Goepp DDS PLC / Dental Office
- Farm Bureau Financial Services / Insurance Agency
- Valley Optical / Ophthalmologist / (Bike/Boat/Book/etc) Store
- Allergy Institute P.C. / Physician / Medical Clinic
- Valley Optical Shoppes: Aljets Steven A OD, McAdams Joseph OD / Physician
Property Details for 2001 Westown Pkwy
- Year built
- 1997
- Construction
- FRAME
- Lot size
- 2.55 lot acres
- Zone code
- PCP
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 320/04947-031-201
- APU
- 32004947031201
Description
This exceptional two-story office building, situated at 2001 Westown Parkway in West Des Moines, Iowa, presents a compelling investment opportunity. Spanning 17,509 square feet on a 2.55-acre lot, the property boasts a desirable location just off 22nd Street and minutes from I-235. Built in 1997, the building features nine commercial units currently occupied at 78% capacity, providing immediate cash flow. The diverse tenant mix includes established businesses such as Allergy Institute, P.C., Geopp Family Dental, and Valley Optical. Ample parking is available with 70 spaces. The property benefits from its proximity to thriving commercial areas and residential communities, and is further enhanced by recent developments in the immediate vicinity, including the completed West Bank and ClaimDoc headquarters building, as well as the renovated Westowne Center. The asking price is $1,875,000, translating to $107.09 per square foot. Annual property taxes are $40,420. This value-add investment offers significant potential for growth in a highly sought-after location. The 3,265 square foot vacancy presents an opportunity to increase rental income. This property is an excellent addition to any commercial real estate portfolio.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,890,000
- 6.5%
- $2,665,000
- 7%
- $2,475,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,617,000
- AI Estimate
- $1,928,000
Market price range: $1.21M - $2.69MMarket price range: $919k - $3.72M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,930,000 Current use
- RESTAURANT
- $3,015,000 Change: +56% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $2,720,000 Change: +41% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,650,000 Change: +37% Conversion: Moderate
- MEDICAL BUILDING
- $2,645,000 Change: +37% Conversion: Easy
- RETAIL STORES
- $2,045,000 Change: +6% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,725,000 Change: -11% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- West Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.7331
- Latitude
- 41.5995
- 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
$44,050
$1,010,000
$580,000
$1,590,000
-
$1,010,000
$580,000
$1,590,000
