4949 Westown PkwyWest Des Moines, IA 50266

Property Details for 4949 Westown Pkwy

Year built

1995

Construction

STEEL FRAME

Lot size

5.54 AC

Property size (Sq ft)

66,954 SF

Zone code

PUD OFFICE

Property type

Investment properties

Property subtype

Live-work space

APN

320/04947-031-045

APU

32004947031045

Description

This exceptional Class B commercial property, located at 4949 Westown Parkway in West Des Moines, Iowa, offers 13,433 square feet of versatile office and retail space. Currently fully vacant, this multi-tenant building presents a unique opportunity for businesses seeking prime space in a desirable location. The property is conveniently situated at the corner of 50th Street and Westown Parkway, ensuring high visibility and accessibility. The building is classified as a Class B property and is situated in Polk County, Iowa, zip code 50266. Flexible space options are available, with a minimum divisible unit of 3,600 square feet and a maximum contiguous space of 9,833 square feet, catering to a variety of business needs. The property's subtype includes Executive Office and Medical Office, making it suitable for a range of professional uses. The building's total square footage is 13,433 square feet, providing ample room for expansion or multiple tenants. This prime location in West Des Moines offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving commercial environment. The property is ready for immediate occupancy, presenting a rare opportunity to secure a substantial space in a highly sought-after area. Contact us today to learn more about this exceptional commercial property and its potential.

• CAP approach

  CAP return

  Valuation

  6%

  $11,673,423

  6.5%

  $10,775,468

  7%

  $10,005,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,417,332

  Geo Method

  $3,417,332

• Alternative Use

  Use

  Valuation

  Residential

  $13,361,580

  Hospitality

  $12,239,135

  Educational

  $10,182,817

  Medical

  $10,533,020

  Retail

  $15,839,937

Location Insight

City

West Des Moines

County

Polk

State

Iowa

Latitude

41.5964

Longitude

-93.7701

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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