Property profile

4900 University Ave West Des Moines, IA 50266

FOR LEASE
Investment properties
Property ID
US25-0153191
163,196 SF 17.14 ac lot Built 2003
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional office property, Palisade, located at 4900 University Avenue in West Des Moines, Iowa, offers a range of flexible office spaces within the prestigious Three Fountains Office Park. Built in 1985, the building boasts a total of 154,863 square feet, with individual suites ranging from a minimum of 1,124 square feet to a maximum contiguous space of 43,332 square feet, catering to businesses of various sizes. The property is ideally suited for multiple tenants. Palisade is part of a larger office park that provides a wealth of amenities, including a private fiber network, a fully equipped conference center, and a wellness center for employee well-being. On-site professional property management ensures seamless operations. The convenient location offers easy access to major transportation arteries, including I-35/I-80, I-235, and the Des Moines International Airport. Nearby amenities include numerous restaurants, banks, and shopping centers, including the Valley West Mall. The property also features ample free on-site parking, attractive landscaping, and outdoor seating areas, creating a pleasant and productive work environment. Located in Polk County, Iowa, with a zip code of 50266, this property presents a compelling opportunity for businesses seeking a well-appointed and conveniently located office space.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2003
Construction STEEL FRAME
Total area 163,196 SF
Lot 17.14 ac (746,444 SF)
Zoning code PUD OFFICE
APN 320/01438-102-000
UPID US25-0153191

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Insurance Agency
  • Bank Loan Service
  • Title Company

Location

4900 University Ave West Des Moines, IA 50266
West Des Moines metro Census 11114 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.16M
Blend (final) Blend
$4.04M

Owner & transaction history

since 2024
4 recorded transactions
2024
Price N/A
2017
Price N/A
2017
Price N/A
2006
Price N/A

Zoning & alternative use

PUD OFFICE · West Des Moines, IA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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