5917 Ashworth Rd West Des Moines, IA 50266
- Strip malls
- 14,680 SF
- 2.53 lot acres
Current Use by Public Records
- Strip malls
Property Details for 5917 Ashworth Rd
- Year built
- 1993
- Construction
- STEEL FRAME
- Lot size
- 2.53 lot acres
- Property size
- 14,680 SF
- Zone code
- NC
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 320/04128-006-002
- APU
- 32004128006002
Description
Ashworth Plaza, a single-story, 19,736 square foot neighborhood retail strip center, presents a compelling investment opportunity in West Des Moines, IA. Located at the high-traffic intersection of 60th and Ashworth Road, this Class B property boasts 11 suites, with one vacant suite totaling 2,400 square feet, representing a minimum divisible space and the maximum contiguous space available. Built in 1993, the center sits on 2.529 acres of land and is zoned PUD. The property features a diverse tenant mix including both local and national businesses such as Kum & Go (anchor tenant), Family Nails, Regis Financial, A-Vacuum House, American Family Insurance, Canton Chinese Restaurant, Great Clips, Godfathers Pizza, and BuduBu Smoke Shop. The property's address is 5917 Ashworth Rd, West Des Moines, IA 50266, and its APN is 320/04128-006-002. This well-located retail center offers strong potential for immediate income generation and long-term growth within the established West Des Moines submarket. The property's convenient location and established tenant base make it an attractive investment for those seeking a stable and profitable retail asset. The available 2,400 square feet of vacant space presents an opportunity for expansion or lease to a new tenant. The property's single-building design simplifies management and maintenance. This is an excellent opportunity to acquire a well-positioned retail property in a thriving Iowa market.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $5,890,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,710,000
- 6.5%
- $6,355,000
- 7%
- $6,640,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,060,000
- Geo Method
- $6,720,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,690,000
- Retail
- $5,560,000
- Mixed-Use
- $6,470,000
- Hospitality
- $6,585,000
- Educational
- $7,290,000
- Residential Income
- $7,460,000
- Energy
- $5,440,000
- Income-Based Land
- $7,445,000
- Food Service
- $6,200,000
Location Insight
- Map
- Local Demand
- City
- West Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.7896
- Latitude
- 41.5849
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
