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Property profile & analytics
FOR LEASE
Investment properties

5500 Westown Pkwy Des Moines, IA 50266

52,403 SF 5.77 ac lot Built 1999
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0338398
Property summary
AI-generated overview

This exceptional Class B commercial property, located at 5500 Westown Parkway in West Des Moines, Iowa, offers 15,438 square feet of versatile space ideal for executive offices or a strip center. Currently, the entire building is vacant and available for lease, presenting a unique opportunity for a single tenant to occupy the entire 15,438 square feet. Alternatively, the property is divisible, with spaces ranging from a minimum of 4,965 square feet to a maximum contiguous space of 10,473 square feet, catering to various business needs and expansion plans. Situated in Polk County, this property benefits from a highly accessible location in West Des Moines, with convenient access to major transportation routes and amenities. The property is classified as both Retail and Office, offering flexibility in its potential uses. The building's design and layout are well-suited for businesses seeking modern and efficient office spaces. This is a rare opportunity to secure a substantial and highly visible commercial space in a thriving Iowa market. The property's size and layout provide ample room for customization to meet specific business requirements. Interested parties are encouraged to inquire about lease terms and conditions. The zip code is 50266.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1999
Construction STEEL FRAME
Total area 52,403 SF
Lot 5.77 ac (251,472 SF)
Zoning code PCP
APN 320/04927-152-001
UPID US25-0338398
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
  • Sharon Klaus Berkshire Hathaway Home Service First Realty Real Estate Agency
  • Carin Birt, Realtor - BHHS First Realty Real Estate Agency
  • Martha Lebron-Dykeman, BHHS First Realty Real Estate Agency
  • Des Moines Real Estate Pros: Tim Rietz Real Estate Agency
  • Ballard Karen L Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.48M
Blend (final) Blend
$4.00M
Owner & transaction history
Lakes Development Company · 4 yrs held
Lakes Development Company
since 2022
4 recorded transactions
2022
Price N/A
2017
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
PCP · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

$1f

Zone name Professional Commerce Park
General category OPEN_SPACE
Zone area 1,042.20 ac
Source Realmo
Top alternative use upside
Retail stores $6.1M +26.6%
Neighborhood: shopping center $5.2M +7.0%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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