First-Floor Office
For Sale
Contact for pricing
1213 25th St, Des Moines, IA 50311
The existing plan includes a reception area, enclosed offices, a conference room, shared work area, kitchenette, and two restrooms.
Property Size2,326 SF
Price / SF$1.07
Days on Market13
Property Features for 1213 25th St
General Information
Standard status
Active
Size
2,326 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Highway Access
Yes
Amenities
reception
three private offices
conference room
bullpen
kitchenette
two restrooms
Listing Agency:
Stanbrough Realty Company
Listed By:
Andrew McCune (515) 334-3345 · License #S64937000
(515) 402-1642
Source:
Centraliowahomesearch
Added: Oct 11
Changed: Oct 21
Last Checked: Oct 21 at 2:38AM
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 Stanbrough Realty Company
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Investment Insights
Based on property information with market context.
This 2,326-square-foot office unit occupies the first floor at 1213 25th St. Its layout includes a reception area, three private offices, a conference room, bullpen, kitchenette, and two restrooms.
The property is near Drake University, with access to downtown Des Moines and the interstate.
The property is near Drake University, with access to downtown Des Moines and the interstate.
Key Highlights
- 2,326 sqft on the first floor
- Three private offices, a conference room, reception area, and bullpen
- Kitchenette and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,647
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,940
$612.9K
Cap Rate 7%
$437,814
$437.8K
Cap Rate 9%
$340,522
$340.5K
Market Conditions
NOI Build-Up for 2,326 SF
Gross rent
$51.1K $21.96/SF
− Vacancy
−$10.2K −$4.39/SF
EGI
$40.9K $17.57/SF
− OpEx
−$10.2K −$4.39/SF
NOI
$30.6K $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%
$612,940
Cap Rate 7%
$437,814
Cap Rate 9%
$340,522
Alternative Uses
Best Use
Office B
$437.8K
$383.1K – $510.8K
NOI $30,647 @ 7.0% cap · market cap 1,225.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$572.8K
$501.2K – $668.3K
NOI $40,099 @ 7.0% cap · market cap 1,603.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 50311, IA
14,782
Population
7,180
Households
2.1
Avg Household Size
30
Median Age
41%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,685
Density / Sq Mi
$63,233
Median Household Income
$35,086
Median Earnings
$1,019
Median Rent
$228,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Office unit - The existing plan includes a reception area, enclosed offices, a conference room, shared work area, kitchenette, and two restrooms.
Where is this office unit located?
The property is located at 1213 25th St Des Moines, IA.
What are key features of this property?
This property features: 2,326 sqft on the first floor; Three private offices, a conference room, reception area, and bullpen; Kitchenette and two restrooms
