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Property profile & analytics
OFF-MARKET Estimated value $550,000
Strip malls

6420 Coachlight Dr West Des Moines, IA 50266-2880

24,157 SF 2.93 ac lot Built 2017
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US25-0749907
Property summary
AI-generated overview

Coachlight Plaza, a Class A, 24,157 square foot building in West Des Moines, Iowa, offers a rare opportunity to lease 3,167 square feet of vacant space. Located at 6420 Coachlight Dr (Coachlight Dr & S 64th St), this single-story, 2016-built property boasts an open floorplan endcap with a pre-installed front desk, bathroom, and private office. The building features 97 total parking spaces and sits on a 2.93-acre lot within the Jordan Creek Regional Trade Area. This prime location provides excellent visibility and accessibility, benefiting from its proximity to high-profile tenants including Des Moines Plastic Surgery, Coachlight Clinic & Spa, and Coachlight Salon Suites. The space is ideally suited for a variety of uses, including bridal services, medical practices, high-end retail, or fitness centers. The property's modern design and established tenant base make it an attractive option for businesses seeking a high-quality, well-located space. The multiple tenancy structure offers a vibrant and collaborative environment. This is a unique chance to establish a presence alongside successful businesses catering to a high-demographic clientele. The available space is contiguous and ready for immediate occupancy.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2017
Total area 24,157 SF
Lot 2.93 ac (127,630 SF)
APN 1613251002
UPID US25-0749907
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
  • Smile Labs Iowa - Des Moines Dental Office
  • Des Moines Plastic Surgery Medical Clinic
  • Vaginal Rejuvenation Iowa Physician Medical Clinic
  • LW Style's Hair Salon
  • David Robbins Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$405k
CAP Approach CAP
by Request
Comparable Approach Comparable
$694k
Blend (final) Blend
$550k
Owner & transaction history
D & B Dev LLC · 13 yrs held
D & B Dev LLC
since 2013
4 recorded transactions
2016
Price N/A
2013
$384,000
2012
$565,490
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $800,000 +61.4%
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