Iconic Des Moines Historical
100 4th St, Des Moines, IA
For Sale
Contact for pricing
20,591 SF office building with 32-stall parking lot.
Property Size20,591 SF
Lot Size0.74 Acres
Price / SF$169.98
Days on Market725
Property Features for 100 4th St
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Peter Brown Commercial Real Estate
(515) 277-5976
Listed By:
Peter Brown · License IA S28799000
(515) 778-6480
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Nov 5
Last Checked: Nov 8 at 6:11AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peter Brown Commercial Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Depot is a historical building located in Des Moines. The building offers 20,591 square feet of space, distributed across two floors of office space. The property includes a parking lot with 32 stalls.
Key Highlights
- Iconic Des Moines historical building
- Rare downtown parking lot with 32 stalls
- 20,591 sf building size**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$271,307
Cap Rate
7.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,426,140
$5.4M
Cap Rate 7%
$3,875,814
$3.9M
Cap Rate 9%
$3,014,522
$3.0M
Market Conditions
NOI Build-Up for 20,591 SF
Gross rent
$452.2K $21.96/SF
− Vacancy
−$90.4K −$4.39/SF
EGI
$361.7K $17.57/SF
− OpEx
−$90.4K −$4.39/SF
NOI
$271.3K $13.18/SF
Area
Des Moines, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,426,140
Cap Rate 7%
$3,875,814
Cap Rate 9%
$3,014,522
Alternative Uses
Best Use
Office B
$3.88M
$3.39M – $4.52M
NOI $271,307 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$2.86M
$2.50M – $3.33M
NOI $199,990 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$5.07M
$4.44M – $5.92M
NOI $354,982 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Location Intelligence
Trade Area within ½ mile
4,107
Businesses Nearby
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Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Des Moines, IA
Properties on Market for Office buildings in Des Moines
Vacancy Rate% for Office in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Office building - 20,591 SF office building with 32-stall parking lot.
Where is this office building located?
The property is located at 100 4th St Des Moines, IA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Iconic Des Moines historical building; Rare downtown parking lot with **32 stalls**; 20,591 sf building size**
