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    1631 2Nd Ave Des Moines, IA 50314

    For Sale
    $1,400,000

    Fully occupied industrial property with long-term tenant in Des Moines.

    Property size:
    9,409 SF
    Lot size:
    0.86 Acres

    Property Features for 1631 2Nd Ave

    General Information

    Size
    9,409 SF
    Lot size
    0.86 Acres

    Source: Ferguson Commercial Real Estate Services Agent Nathan Petsche

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Property in Des Moines

    This fully occupied industrial property is located on 2nd Ave in Des Moines, IA. The property offers an opportunity for investors, featuring a long-standing, stable tenant. The tenant is renewing for 5 years starting November 2024, with an additional 5-year renewal option. The property includes a fenced-in outdoor storage area adjacent to the building. The property size is 9409 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    White Cap Building Materials Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6189965
    Latitude
    41.6089164

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    FAQs

    What type of property is this?
    Warehouse - Fully occupied industrial property with long-term tenant in Des Moines.
    Where is this warehouse located?
    The property is located at 1631 2Nd Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Fully occupied industrial property with a long-standing, stable tenant.; - Tenant recently renewed lease for 5 years starting November 2024, with an additional 5-year renewal option.; - Prime location on 2nd Ave in Des Moines, IA.
    (515) 867-4964
    Request Owner's contact information
    1631 2Nd Ave Des Moines, IA 50314
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    Des Moines, IA 50314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1631 2Nd Ave Des Moines, IA 50314
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