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    5550 Wild Rose Ln, Unit 400 West Des Moines, IA 50266
    Property profile & analytics

    5550 Wild Rose Ln, Unit 400, West Des Moines, IA 50266

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    • Investment properties
    • 98,312 SF
    • 2.63 lot acres
    For Lease
    $10 SF/Yr
    View Listing →
    Versatile Workspace Solutions Available For Lease
    $10 SF/Yr

    Versatile Workspace Solutions Available

    Flexible office spaces, coworking, meeting rooms, and virtual offices.

    5550 Wild Rose Lane, Suite 400, West Des Moines, IA 50266
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    Property ID
    US25-0362702
    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
    $15,455,000
    Cap Rate Potential
    6.3%
    Investment properties
    Location Intelligence

    Current Use by 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

    Property Details for 5550 Wild Rose Ln

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    2.63 lot acres
    Zone code
    PUD B&C
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    320/04927-003-401
    APU
    32004927003401

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 4, 2022 $15,750,000 Mcr Investments X LLC Mres Wes Glen Holdings LP Special Warranty Deed $12.6M · South Story Bank & Trust
    Aug 28, 2018 $625,000 7955 Wv LLC Eychaner,rich Warranty Deed —
    Jul 15, 2016 — Mres West Glen Holdings LP — Deed · related $77M · Bank Of America
    Apr 23, 2012 $11,000,000 Mres West Glen Holdings LP West Glen Town Center LLC Grant Deed · related —
    May 27, 2011 — Pulver Robert G Trust West Glen Town Center LLC Grant Deed · related —
    — — Mres West Glen Holdings LP — Deed Of Trust · related $77M · Bank Of America

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,345,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,220,000
      6.5%
      $14,975,000
      7%
      $13,905,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $16,925,000
      AUTO REPAIR, GARAGE
      $15,270,000
      APARTMENT HOUSE (5+ UNITS)
      $14,880,000
      MEDICAL BUILDING
      $14,840,000
      RETAIL STORES
      $11,470,000
      NEIGHBORHOOD: SHOPPING CENTER
      $9,695,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.7833
    Latitude
    41.5621
    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
    $291,544
    $1,080,000
    $10,020,000
    $11,100,000
    -
    $1,080,000
    $10,020,000
    $11,100,000

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      West Des Moines Executive Office Space

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    West Des Moines, IA 50266
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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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