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    4350 Westown Pkwy West Des Moines, IA 50266-1052
    Property profile & analytics

    4350 Westown Pkwy West Des Moines, IA 50266-1052

    View on Map
    • Investment properties
    • 109,460 SF
    • 11.35 lot acres
    Off-Market
    Property ID
    US25-1184580
    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
    $9,055,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Symetra Life Insurance Company / Financial Advisor / Insurance Agency
    • MWH Law Group / Law Firm
    • Buyers Realty / Real Estate Agency

    Property Details for 4350 Westown Pkwy

    Year built
    1988
    Construction
    STEEL FRAME
    Lot size
    11.35 lot acres
    Property size
    109,460 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    320/03977-207-006
    APU
    32003977207006

    Description

    Regency West 8, a 93,150 square foot Class A office building in West Des Moines, Iowa, offers a unique opportunity for businesses seeking premium space. Located at 4350 Westown Parkway, this 1988-built property boasts a completely vacant 93,150 square feet, ideal for a single large tenant or multiple smaller tenants. The building is part of the eight-building Regency West Office Park, providing a range of amenities including a private fiber network, a wellness center, and professional on-site property management. The convenient location offers easy access to major transportation arteries, including I-35/I-80, I-235, downtown Des Moines, and the Des Moines International Airport. Enjoy the benefits of ample free on-site parking, attractive landscaping, and inviting plazas with outdoor seating. Nearby amenities include restaurants, banks, and shopping centers, such as Valley West Mall, ensuring a convenient and thriving work environment. This executive and traditional office space presents a rare opportunity to establish a prominent presence in a highly sought-after location within Polk County, Iowa, zip code 50266. The property is categorized as multiple tenancy and offers a single available space of 24,221 square feet.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $11,358,000
      Market price range: $5.48M - $15.3M
      AI Estimate
      $7,278,000
      Market price range: $2.01M - $10.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $10,090,000
      Current use
      RETAIL STORES
      $12,770,000
      Change: +27% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $10,790,000
      Change: +7% Conversion: Difficult
      WAREHOUSE, STORAGE
      $9,340,000
      Change: -7% 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
    -93.7644
    Latitude
    41.5953
    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
    $0.00
    $4,960,000
    $8,640,000
    $13,600,000
    -
    $4,960,000
    $8,640,000
    $13,600,000

    Comparable in this City

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      $4,120,000
      35,322 SF

      1601 Lks Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 35,322 SF
      1601 Lks Pkwy, West Des Moines, IA 50266-8230
      View Details
    • Value Estimation
      $4,625,000
      159,180 SF

      5465 Mls Civic Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 159,180 SF
      5465 Mls Civic Pkwy, West Des Moines, IA 50266-5318
      View Details
    • Value Estimation
      $975,000
      25,525 SF

      2929 Westown Pkwy Ste, Unit 200

      OFFICE/RESIDENTIAL (MIXED USE) • 25,525 SF
      2929 Westown Pkwy Ste, West Des Moines, IA 50266-1319
      View Details
    • Value Estimation
      $3,995,000
      52,403 SF

      5500 Westown Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 52,403 SF
      5500 Westown Pkwy, West Des Moines, IA 50266-8202
      View Details
    • Value Estimation
      $765,000
      6,834 SF

      1466 28th St, Unit 1

      OFFICE/RESIDENTIAL (MIXED USE) • 6,834 SF
      1466 28th St, West Des Moines, IA 50266-1460
      View Details
    • Value Estimation
      $6,205,000
      81,636 SF

      4601 Westown Pkwy

      OFFICE/RESIDENTIAL (MIXED USE) • 81,636 SF
      4601 Westown Pkwy, West Des Moines, IA 50266-1081
      View Details

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      6.60 Acres Commercial Land Available

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      Retail space available in West Des Moines mixed-use development.
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      Premier West Des Moines mixed-use property with high visibility.
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      Class B Office Space

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    West Des Moines, IA 50266-1052
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    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
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