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Property profile & analytics
FOR LEASE
Investment properties

5550 Wild Rose Ln 400 West Des Moines, IA 50266

98,312 SF 2.63 ac lot Built 2008
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US25-0362702
Property summary
AI-generated overview

This Class A office building, located at 5550 Wild Rose Lane, Suite 400, West Des Moines, IA 50266, offers 19,428 square feet of flexible workspace within the vibrant West Glen Town Centre. The property, renovated in 2019, features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 1,300 square feet. Currently, 5,970 square feet are vacant, presenting a unique opportunity for businesses of various sizes. The building boasts an impressive Art Deco-themed entrance and lobby, creating a professional and memorable first impression. Floor-to-ceiling windows in many suites offer stunning views of the surrounding area. The location provides convenient access to a variety of restaurants and cafes, including Bonefish Grill, enhancing the overall appeal for both employees and clients. Building amenities include elevators. This property is situated in Polk County, Iowa, within a thriving business district, making it an ideal location for businesses seeking a prestigious and convenient address in the affluent West Des Moines suburbs. The property is categorized as Executive Office, Coworking, and Creative Office space, offering diverse options to suit various business needs. Multiple tenancy options are available.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2008
Construction STEEL FRAME
Total area 98,312 SF
Lot 2.63 ac (114,563 SF)
Zoning code PUD B&C
APN 320/04927-003-401
UPID US25-0362702
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
  • Luxfer MEL Technologies Industrial Manufacturer Production Facility
  • ServingIntel, Inc IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Plato's Closet Des Moines Clothing & Fashion Store
  • Style Encore Des Moines Clothing & Fashion Store
  • GreenGuard Construction, Inc. of West Des Moines Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$14.98M
Comparable Approach Comparable
by Request
Blend (final) Blend
$15.46M
Owner & transaction history
Mcr Investments X LLC · 4 yrs held
Mcr Investments X LLC
since 2022
Last sale
$15.8M
6 recorded transactions
2022
$15.8M
2018
$625,000
2016
Price N/A
2012
$11.0M
2011
Price N/A
1969
Price N/A
Zoning & alternative use
PUD B&C · West Des Moines, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant $16.9M +86.8%
Auto repair, garage $15.3M +68.5%
Apartment house (5+ units) $14.9M +64.2%
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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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