Property profile & analytics
5800 University Ave West Des Moines, IA 50266
- Commercial real estate
- 9,825 SF
- 2.25 lot acres
For Sale
View listing
$1,500,000
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US25-0412265
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
- Commercial real estate
Property Details for 5800 University Ave
- Year built
- 1993
- Lot size
- 2.25 lot acres
- Property size
- 9,825 SF
- Zone code
- PUD OFFICE
- Property type
- Commercial real estate
- APN
- 320/03026-999-904
- APU
- 32003026999904
Description
This exceptional 2.253-acre commercial land parcel, located at 5800 University Avenue in West Des Moines, Iowa, presents a remarkable investment opportunity. Priced at $2,000,000, this property boasts a desirable PUD Office zoning designation, opening doors to a wide range of development possibilities. The expansive lot, totaling 98,123 square feet, offers significant frontage on University Avenue, ensuring high visibility and accessibility. The surrounding neighborhood is a thriving mix of established businesses, including general and medical office spaces, restaurants, and retail establishments, creating a dynamic and attractive environment for potential development. Situated in Polk County, Iowa, with a zip code of 50266, this location benefits from excellent infrastructure and convenient access to major transportation routes. The property's strategic location and flexible zoning make it an ideal site for a variety of commercial ventures, promising strong returns for the discerning investor. This is a rare opportunity to acquire a substantial land parcel in a prime West Des Moines location with significant development potential. Don't miss out on this chance to secure a valuable asset in a rapidly growing market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,620,000
- 6.5%
- $1,495,000
- 7%
- $1,390,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,252,000
- AI Estimate
- $802,000
Market price range: $492k - $1.37MMarket price range: $180k - $962k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $905,000 Current use
- RESTAURANT
- $1,690,000 Change: +87% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $1,525,000 Change: +69% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,485,000 Change: +64% Conversion: Moderate
- MEDICAL BUILDING
- $1,485,000 Change: +64% Conversion: Easy
- RETAIL STORES
- $1,145,000 Change: +27% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $970,000 Change: +7% Conversion: Difficult
- WAREHOUSE, STORAGE
- $840,000 Change: -7% 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
- -93.787
- Latitude
- 41.5998
- 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
$36,626
$1,500,000
$100
$1,500,100
-
$1,500,000
$100
$1,500,100
