Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9150 SE University Ave West Des Moines, IA 50266
    Back to Search
    Property profile & analytics

    9150 SE University Ave West Des Moines, IA 50266

    View on Map
    • Grocery and convenience stores
    • 6,529 SF
    • 2.86 lot acres
    For Sale
    $6,293,000
    View Listing →
    West Des Moines Fueling Station For Sale
    $6,293,000
    6,674 SF

    West Des Moines Fueling Station

    Fueling station with convenience store, long-term corporate lease.

    9150 SE University Ave, West Des Moines, IA 50266
    View Listing
    Property ID
    US25-0241070
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hy-Vee Fast & Fresh / Grocery & Convenience Store
    • Smokey Row Coffee / Cafe & Coffee Shop
    • Hy-Vee Pharmacy / Pharmacy
    • Hy-Vee / Grocery & Convenience Store / Food Market
    • Fast & Fresh / Gas Station

    Property Details for 9150 SE University Ave

    Year built
    2022
    Lot size
    2.86 lot acres
    Property size
    6,529 SF
    Property type
    Grocery and convenience stores
    APN
    1603248002
    APU
    1603248002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,610,000
      ML approach
      $5,645,000

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

    Location Insight

    • Map
    • Local Demand
    City
    West Des Moines
    County
    Dallas
    State
    Iowa
    Longitude
    -93.8325
    Latitude
    41.5999
    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
    2022
    $7,590
    $1,247,210
    $2,137,920
    $3,385,130
    -
    $1,247,210
    $2,137,920
    $3,385,130

    Comparable in this City

    • Value Estimation
      $3,970,000
      62,996 SF

      1700 Vly W Dr

      GROCERY, SUPERMARKET • 62,996 SF
      1700 Vly W Dr, West Des Moines, IA 50266-1103
      View Details
    • Value Estimation
      $2,230,000
      13,406 SF

      1010 60th St

      CONVENIENCE STORE • 13,406 SF
      1010 60th St, West Des Moines, IA 50266-5823
      View Details
    • Value Estimation
      $1,120,000
      6,542 SF

      425 Jordan Crk Pkwy

      CONVENIENCE STORE • 6,542 SF
      425 Jordan Crk Pkwy, West Des Moines, IA 50266-3500
      View Details
    • Value Estimation
      $1,710,000
      8,255 SF

      1850 22nd St

      CONVENIENCE STORE • 8,255 SF
      1850 22nd St, West Des Moines, IA 50266-1413
      View Details
    • Value Estimation
      $2,635,000
      87,038 SF

      1725 Jordan Crk Pkwy

      GROCERY, SUPERMARKET • 87,038 SF
      1725 Jordan Crk Pkwy, West Des Moines, IA 50266-5876
      View Details
    • Value Estimation
      $1,845,000
      7,242 SF

      5308 University Ave

      CONVENIENCE STORE • 7,242 SF
      5308 University Ave, West Des Moines, IA 50266-5949
      View Details

    Similar Nearby for Sale

    • $6,293,000
      6,674 SF

      West Des Moines Fueling Station

      Fueling station with convenience store, long-term corporate lease.
      9150 SE University Ave, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      19,687 SF

      Two-Tenant Retail Asset For Sale

      Two-tenant retail property with long-term leases in West Des Moines.
      6503 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      856,000 SF

      Valley West Mall Development Opportunity

      856,000 SF retail property on 57.72 acres in Iowa.
      1551 Valley West Dr, West Des Moines, IA 50266
      View Details
    • Contact for pricing

      30.71 Acres Available

      30.71 acres available for retail, medical, or office use.
      8670 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      7,485 SF

      West Des Moines Retail Building

      7,485 SF retail building in West Des Moines, Iowa.
      5859 Ashworth Rd, West Des Moines, IA 50266
      View Details
    • $245,000
      0.27 Acres

      West Des Moines Daylight Lot

      Daylight lot with pond view in executive development, great location.
      1456 S 100 St, West Des Moines, IA 50266
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Premier Retail and Office Destination

      Vibrant 65-acre development with retail, office, and entertainment spaces.
      7680 Coachlight Dr, West Des Moines, IA 50266
      View Details
    • $9 SF/Yr
      7,375 SF

      Retail Space in Community Center

      Retail space available in a community center on University Avenue.
      2700 University Ave, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      5,086 SF

      Retail Space in Community Center

      Retail space available in a community retail center.
      2800 University Ave, West Des Moines, IA 50266
      View Details
    • $20 SF/Yr
      3,895 SF

      Retail Space in West Des Moines

      Retail space for lease in a high-visibility West Des Moines location.
      7450 Bridgewood Blvd, West Des Moines, IA 50266
      View Details
    • Contact for pricing
      1,795 SF

      Upscale Lifestyle Center Retail Space

      Retail space in a 417,000 square foot mixed-use center.
      5525 Mills Civic Pkwy, West Des Moines, IA 50266
      View Details
    • $11 SF/Yr
      1,811 SF

      Retail Space in West Des Moines

      Retail space available in a high-traffic West Des Moines location.
      2900 University Ave, West Des Moines, IA 50266
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    9150 SE University Ave
    West Des Moines, IA 50266
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9150 SE University Ave, West Des Moines, IA, 50266
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!