400 8Th StDes Moines, IA 50309

Property Details for 400 8Th St

Year built

1999

Construction

STEEL FRAME

Lot size

2.84 AC

Property size (Sq ft)

40,080 SF

Zone code

C-3A

Property type

Investment properties

Property subtype

Live-work space

APN

020/01025-005-000

APU

2001025005000

Description

This exceptional single-tenant office space, totaling 16,047 square feet, is available for lease within the dynamic Riverpoint Business District in Des Moines, Iowa. Located at 400 SW 8th Street, zip code 50309, this property offers immediate access to a thriving urban environment. The building itself boasts a total of 40,080 square feet, providing ample space for a variety of business needs. Its convenient location places it directly adjacent to newly developed residential and retail options, ensuring a vibrant and convenient atmosphere for employees and clients alike. Furthermore, the property benefits from its proximity to multiple public transportation routes, facilitating easy commutes and accessibility. The zoning designation, DX-2, allows for both traditional office and flexible-use tenants, offering versatility for potential occupants. This presents a unique opportunity to establish a presence in a rapidly growing area of Des Moines, with excellent access to amenities and transportation. The building's strategic location within the Riverpoint Business District, just south of the city's Central Business District, guarantees high visibility and easy access to the heart of Des Moines.

• CAP approach

  CAP return

  Valuation

  6%

  $6,988,590

  6.5%

  $6,451,006

  7%

  $5,990,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,045,683

  Geo Method

  $2,045,683

• Alternative Use

  Use

  Valuation

  Residential

  $7,999,247

  Hospitality

  $7,327,268

  Educational

  $6,096,200

  Medical

  $6,305,858

  Retail

  $9,482,978

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.5787

Longitude

-93.6253

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].