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Des Moines Office/Warehouse Investment
For Sale
$1,800,000

1801 2nd Ave, Des Moines, IA 50314

15,034 SF office/warehouse with long-term tenant.

Property Size15,034 SF
Price / SF$119.73
Days on Market269

Property Features for 1801 2nd Ave

General Information

Standard status Active
Size 15,034 SF
Property subtype Industrial

Building Details

Year Built 1989
Listing Agency: NAI Iowa Realty Commercial - Des Moines
Listed By: Tom Hudson · License #S18121000
Source: Naiglobal
Added: Nov 21, 2025 Changed: Jul 6 Last Checked: Aug 16 at 4:25AM

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 NAI Iowa Realty Commercial - Des Moines

Investment Insights

Based on property information with market context.

This 15,034 SF standalone office/warehouse building is located on 2nd Avenue in Des Moines. Constructed in 1989, the property sits on a 1.188 AC (51,749 SF) lot. The property features a long-term tenant, NuCara Home Medical, who has occupied the space for over 25 years. The location is north of I-235 on 2nd Ave. Traffic counts along 2nd Avenue are 14,500 VPD (2022). Ample off-street parking is available.

Key Highlights

  • NNN single‑user investment opportunity with a 9.36% cap rate and $159,036 NOI
  • Reliable tenant, NuCara Home Medical, with over 25 years of tenancy
  • Standalone 15,034 SF Office/Warehouse building

Property Analytics

Current Use

NuCara Home Medical Medical Supply Store

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Auto Parts Store Restaurant Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

443
Businesses Nearby

Demographics for 50314, IA

11,764
Population
4,780
Households
2.5
Avg Household Size
31
Median Age
15%
College-Educated
72%
High-School Grad
2.5 sq mi
ZIP Area
4,706
Density / Sq Mi
$38,511
Median Household Income
$30,314
Median Earnings
$977
Median Rent
$146,700
Median Home Value

Market

Vacancy Rate% for Office in Des Moines, IA

15.9% 2023
20% 2024
16.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - 15,034 SF office/warehouse with long-term tenant.
Where is this office building located?
The property is located at 1801 2nd Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: NNN single‑user investment opportunity with a 9.36% cap rate and $159,036 NOI; Reliable tenant, NuCara Home Medical, with over 25 years of tenancy; Standalone 15,034 SF Office/Warehouse building
More about this property
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