Norwalk, IA
Commercial Real Estate Market Trends & Data

$146 Avg asking sale price
$16 Avg asking lease rate
12,716 SF Avg unit lease size
11,403 SF Avg building size for sale

Norwalk's Demographic Profile

Norwalk has 5,715 households and a median income of $91,704, providing context for rent absorption and tenant demand across retail and multifamily assets. A +11% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 15,366
# Households 5,715
Median age 37
Median household income $91,704
Avg household size 3.0
Renter-occupied housing units 1,140
5-year population change +11%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Norwalk, IA

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
West Des Moines $155 34,274 SF 11.80%
Windsor Heights $168 13,915 SF 7.83%
Des Moines $123 33,607 SF 11.80%
Clive $170 30,507 SF 11.80%
Nearby Retail Markets Avg Cost/SF Typical Size
West Des Moines $445 8,915 SF
Des Moines $179 13,969 SF
Indianola $255 35,349 SF
Clive $637 8,916 SF
Urbandale $328 17,607 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
West Des Moines $111 34,504 SF 7.57%
Des Moines $112 28,294 SF 9.08%
Van Meter $421 13,207 SF 6.21%
Clive $105 8,806 SF 7.57%

Commercial Properties For Sale in Norwalk

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Daylene Ellis Trust Sealed Bid Auction

Norwalk, IA 50211

  • 88.86 AC Lot
  • 1 Agricultural Lot
  • $1.00
For Sale

Turnberry Square Land

Norwalk, IA 50211

  • 0.82 AC Lot
  • 1 Commercial Lot
  • $500,000
For Sale

7640 SW 22nd St

Des Moines, IA 50321

  • 9,000 SF Industrial Building
  • $595,000
For Sale

Stark Development

Norwalk, IA 50211

  • 102.78 AC Lot
  • 1 Commercial Lot
  • $5,139,000
For Sale

Holland Farms

Norwalk, IA 50211

  • 4.02 AC Lot
  • 1 Commercial Lot
  • $1,579,900
For Sale

Dunn Industrial Park

Norwalk, IA 50211

  • 19.30 AC Lot
  • 1 Industrial Lot
  • $4,202,962

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Norwalk pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Norwalk $146 11,403 SF
Prole $55 9,700 SF
West Des Moines $219 30,210 SF
Windsor Heights $102 19,132 SF

Regional Demographic Comparison

This comparison places Norwalk alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Norwalk or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Norwalk 15,366 5,715 37 $91,704 3 1,140 11%
Cumming 608 215 42 $134,027 3 17 12%
West Des Moines 73,091 32,113 37 $76,123 2 13,627 9%
Windsor Heights 4,937 2,090 41 $79,608 2 535 1%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Norwalk, IA and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Norwalk

View All Commercial Real Estate For Sale in Norwalk
Is Norwalk a good market for a first-time commercial real estate investor?

Norwalk offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Norwalk?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Norwalk. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Norwalk?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Norwalk. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Norwalk compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Norwalk. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Norwalk acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Norwalk, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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