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    Property profile & analytics

    4520 University Ave West Des Moines, IA 50266-1070

    • Strip malls
    • 35,624 SF
    • 10.37 lot acres
    OFF-MARKET
    Value Estimations
    $2,825,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0419740
    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.

    Current Use by Public Records

    • Active Endeavors / Women'S Clothing Store / Shoe Store
    • Addicted To Hair / Barber Shop / Beauty Salon
    • Salon NoviTi / Hair Salon
    • Sola Salon Studios / Barber Shop / Beauty Salon
    • Esthetics by Elle DSM / Beauty Salon

    Property Details for 4520 University Ave

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    10.37 lot acres
    Property size
    35,624 SF
    Zone code
    PUD B&C
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    320/04127-524-002
    APU
    32004127524002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,118,000
      Market price range: $1.68M - $5.40M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,510,000
      Current use
      RETAIL STORES
      $4,155,000
      Change: +18% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,285,000
      Change: -7% Conversion: Easy
      WAREHOUSE, STORAGE
      $3,040,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7662
    Latitude
    41.5993
    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
    $146,376
    $3,720,000
    $3,250,000
    $6,970,000
    -
    $3,720,000
    $3,250,000
    $6,970,000

    Comparable in this City

    • Value Estimation
      $2,715,000
      35,411 SF

      3920 University Ave

      SHOPPING CENTER, STRIP CENTER • 35,411 SF
      3920 University Ave, West Des Moines, IA 50266
      View Details
    • Value Estimation
      $6,095,000
      14,680 SF

      5917 Ashworth Rd

      SHOPPING CENTER, STRIP CENTER • 14,680 SF
      5917 Ashworth Rd, West Des Moines, IA 50266-7109
      View Details
    • Value Estimation by Request
      6,000 SF

      165 Jordan Crk Pkwy, Unit 2

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      165 Jordan Crk Pkwy, West Des Moines, IA 50266-8109
      View Details
    • Value Estimation by Request
      7,320 SF

      8950 University Ave

      SHOPPING CENTER, STRIP CENTER • 7,320 SF
      8950 University Ave, West Des Moines, IA 50266-1890
      View Details
    • Value Estimation
      $3,690,000
      29,150 SF

      6750 Westown Pkwy

      SHOPPING CENTER, STRIP CENTER • 29,150 SF
      6750 Westown Pkwy, West Des Moines, IA 50266-7715
      View Details
    • Value Estimation
      $560,000
      29,822 SF

      9250 University Ave

      SHOPPING CENTER, STRIP CENTER • 29,822 SF
      9250 University Ave, West Des Moines, IA 50266-1962
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      856,000 SF

      Valley West Mall Development Opportunity

      856,000 SF retail property on 57.72 acres for sale.
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    • $2,495,000
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      West Des Moines Restaurant - $2.49M

      Turn-key restaurant, high visibility location.
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      West Des Moines Daycare Investment

      7,485 SF Daycare, Strong Returns
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      1.07 Acres

      Westown Parkway Pad Site

      Prime 1.07-acre development opportunity.
      4330 Westown Pkwy, West Des Moines, IA 50266
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    • $1,393,920
      1.00 Acre

      Fareway Outlot: Prime West Des Moines Land

      High-growth West Des Moines commercial land, near new Fareway.
      0 91St St, West Des Moines, IA 50266
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    • $2,000,000
      2.25 Acres

      West Des Moines Commercial Land

      2.25 Acres, Prime Office Zoning
      5800 University Ave, West Des Moines, IA 50266
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      3,895 SF

      Retail Space in Bridgewood Plaza

      Prime retail opportunity in West Des Moines' Jordan Creek commercial hub.
      165 S Jordan Creek Pkwy, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      15,438 SF

      West Des Moines Executive Suites

      Prime Office Space Available Now
      5500 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      13,433 SF

      Westown Parkway Office Suites

      Class B Office/Retail Space in West Des Moines
      4949 Westown Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      17,500 SF

      Mills Crossing Medical Office Space

      West Des Moines medical office opportunity.
      5901 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      400,000 SF

      Water Tower Place Retail Spaces

      Prime West Des Moines Shopping Center Space
      4100 University Ave, West Des Moines, IA 50266
      View Details
    • $14 SF/Yr
      22,406 SF

      West Des Moines Retail Space

      Prime Retail Strip Center, Iowa
      1300 50Th St, West Des Moines, IA 50266
      View Details
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    West Des Moines, IA 50266-1070
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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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