Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2150 Delavan Dr West Des Moines, IA 50265-5537

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2150 Delavan Dr West Des Moines, IA 50265-5537

    View on Map
    • Warehouses
    • 40,260 SF
    • 3.02 lot acres
    Off-Market
    Property ID
    US25-0087055
    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.
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Des Moines DanzArts Studio / Training Center
    • DCI / Industrial Manufacturer / Production Facility
    • Des Moines Iaido / Training Center / Sports School
    • Canine Country Club / Kennel & Boarding Facility
    • Iowa School of Strength / Gym & Fitness Center

    Property Details for 2150 Delavan Dr

    Year built
    1999
    Construction
    STEEL FRAME
    Lot size
    3.02 lot acres
    Property size
    40,260 SF
    Zone code
    LI
    Property type
    Warehouses
    APN
    320/01437-222-000
    APU
    32001437222000

    Description

    This exceptional flex space, totaling 40,260 square feet, is situated on a 3.017-acre lot at 2150 Delavan Dr, West Des Moines, IA 50265. The single-building property, constructed in 1999, offers a versatile layout ideal for various business needs. Currently available is 4,500 square feet of prime flex/showroom space, perfect for businesses requiring both storage and display areas. The property boasts ample customer parking, a significant advantage for businesses relying on client visits. Its strategic location in West Des Moines places it just south of the intersection of Grand Avenue and EP True Parkway/Railroad, ensuring excellent visibility and convenient access. The property is classified as industrial, with a flex subtype, and features multiple tenancies. This presents a unique opportunity for businesses seeking a well-maintained, conveniently located space in a thriving area of Polk County, Iowa. The space will be available for lease starting September 1st, 2024. The property's address is easily accessible via Delavan Drive and its proximity to major thoroughfares ensures easy commutes for employees and clients alike.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,882,000
      Market price range: $1.09M - $4.76M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7355
    Latitude
    41.5686
    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
    2023
    $82,410
    $531,000
    $2,219,000
    $2,750,000
    -
    $531,000
    $2,219,000
    $2,750,000

    Comparable in this City

    • Value Estimation
      $1,535,000
      22,400 SF

      103 11th St

      WAREHOUSE, STORAGE • 22,400 SF
      103 11th St, West Des Moines, IA 50265-4410
      View Details
    • Value Estimation
      $1,090,000
      12,350 SF

      1207 Maple St

      WAREHOUSE, STORAGE • 12,350 SF
      1207 Maple St, West Des Moines, IA 50265-4423
      View Details
    • Value Estimation
      $640,000
      8,580 SF

      175 9th St

      WAREHOUSE, STORAGE • 8,580 SF
      175 9th St, West Des Moines, IA 50265-5822
      View Details
    • Value Estimation
      $840,000
      9,000 SF

      1624 Fuller Rd

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      1624 Fuller Rd, West Des Moines, IA 50265
      View Details
    • Value Estimation
      $620,000
      9,600 SF

      1924 Fuller Rd

      WAREHOUSE, STORAGE • 9,600 SF
      1924 Fuller Rd, West Des Moines, IA 50265-5527
      View Details
    • Value Estimation
      $2,245,000
      79,524 SF

      2420 Grand Ave

      WAREHOUSE, STORAGE • 79,524 SF
      2420 Grand Ave, West Des Moines, IA 50265-5753
      View Details

    Similar Nearby for Sale

    • $1,200,000

      West Des Moines Commercial Property

      6,718 SF commercial property with showroom and warehouse space.
      101 Ashworth Rd, West Des Moines, IA 50265
      View Details
    • $1,750,000
      13,200 SF

      West Des Moines Industrial Flex Space

      13,200 SF Flex Space - $1.75M
      1614 Fuller Rd, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      4,209 SF

      Valley Junction Mixed-Use Opportunity

      Two meticulously maintained buildings with retail and office spaces.
      324 1St St, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      7,200 SF

      Turnkey Restaurant in Historic Building

      Fully operational restaurant with contemporary design and top-notch equipment.
      333 5Th St, West Des Moines, IA 50265
      View Details
    • $4,250,000
      27 SF

      Development Land Near Highway 5

      27.86 acres of development land with utilities available.
      765-825 SE Willow Creek Dr, West Des Moines, IA 50265
      View Details
    • $299,000
      0.53 Acres

      Residential Land in West Des Moines

      Residential land in a sought-after West Des Moines location.
      25 SE Falcon Ln, West Des Moines, IA 50265
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      West Des Moines Flex Building

      Two-story office and industrial building with development potential.
      1801 Industrial Cir, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      500 SF

      Industrial Space Available For Lease

      Industrial and warehouse space available for lease.
      2202 Wolf Way, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      76,800 SF

      Warehouse with Interstate Access

      Under construction warehouse with convenient interstate access for transportation and logistics.
      4500 SE Army Post Rd, West Des Moines, IA 50265
      View Details
    • Contact for pricing
      24,136 SF

      Historical Building in Valley Junction

      Remodeled historical building suitable for restaurant, entertainment, or brewery.
      111 South 11Th St, West Des Moines, IA 50265
      View Details
    • Contact for pricing

      West Des Moines Industrial Space

      7,964 SF industrial space in West Des Moines, Iowa.
      616 South 19Th St, West Des Moines, IA 50265
      View Details
    • Contact for pricing

      Retail Space in High-Traffic Area

      Retail space with high visibility in a busy commercial corridor.
      1054 73 St, West Des Moines, IA 50265
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2150 Delavan Dr
    West Des Moines, IA 50265-5537
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!