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Property profile & analytics
FOR LEASE
Investment properties

4200 Corporate Dr West Des Moines, IA 50266

29,400 SF 3.21 ac lot Built 1987
Entity Owned 14-yr Hold Free & Clear
Property ID
US25-0325892
Property summary
AI-generated overview

This exceptional executive office space, located at 4200 Corporate Drive in West Des Moines, Iowa, offers a prime location within the prestigious Three Fountains Office Park. The building, constructed in 1987, boasts a total of 29,967 square feet, with flexible suites ranging from a minimum of 1,623 square feet to a maximum contiguous space of 2,749 square feet. Multiple tenancy options are available to accommodate various business needs. The property is situated in Polk County, zip code 50266, and enjoys convenient access to major transportation arteries, including I-35/I-80, I-235, and the Des Moines International Airport. Three Fountains Office Park provides a wealth of amenities, enhancing the work experience. These include a private fiber network, a fully equipped conference center, a wellness center, and professional on-site property management. Tenants also benefit from ample free on-site parking, beautifully landscaped grounds with outdoor seating areas, and proximity to a variety of restaurants, banks, and shopping centers, including the Valley West Mall. This location offers unparalleled convenience and a professional atmosphere for businesses of all sizes. The property is categorized as an Executive Office and Professional space.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1987
Construction STEEL FRAME
Total area 29,400 SF
Lot 3.21 ac (139,740 SF)
Zoning code PCP
APN 320/04127-505-003
UPID US25-0325892
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
  • Federal Deposit Insurance Corporation Insurance Agency
  • Gallagher Insurance, Risk Management & Consulting Insurance Agency
  • FDIC Corporate Office
  • Turner Construction Company Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.00M
Blend (final) Blend
$2.12M
Owner & transaction history
Three Fountains II LLC · 14 yrs held
Three Fountains II LLC
since 2012
4 recorded transactions
2022
Price N/A
2022
Price N/A
2012
Price N/A
1969
Price N/A
Zoning & alternative use
PCP · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $3.4M +26.6%
Neighborhood: shopping center $2.9M +7.0%
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