Versatile Des Moines Commercial
1536 E Army Post Rd Des Moines, IA 50320
For Sale
$1,950,000
17,780 SF building with office, shop, and warehouse space.
Property Size17,780 SF
Price / SF$109.67
Days on Market145
Property Features for 1536 E Army Post Rd
General Information
Standard status
Active
Size
17,780 SF
Property subtype
Office
Building Details
Year Built
1973
Listing Agency:
NAI Iowa Realty Commercial - Des Moines
(515) 208-1252
Listed By:
Scott Obstarczyk · License #011AA5388
(515) 208-1252
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 29 at 5:37AM
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 17,780 SF building in Des Moines presents a versatile layout suitable for various office and warehouse uses. The property is zoned EX, accommodating diverse commercial ventures. The building includes 8,598 SF of office space, 3,582 SF of shop space, and 5,600 SF of warehouse space, along with 3,840 SF of covered area. The office area was remodeled in 2008. The property benefits from its location near a city thoroughfare, offering accessibility and visibility. The surrounding business community is thriving, with key arterial roads and major transportation hubs nearby. A range of dining options, retail amenities, and recreational facilities are also located in the vicinity. The property features drive-through overhead doors and exterior access to the second-floor office.
Key Highlights
- Prime 17,780 SF building with versatile office, warehouse, and shop space.
- EX zoning allows for diverse commercial ventures.
- Ideal location near city thoroughfare and major transportation hubs.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.4k | $9.36 |
| − Vacancy | −$13.1k | −$0.74 |
| EGI | $153.3k | $8.62 |
| − OpEx | −$53.6k | −$3.02 |
| NOI | $99.6k | $5.60 |
17,780 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Office B
$3.35M
$2.93M – $3.90M
NOI $234,269 @ 7.0% cap · market cap 12.01%
Second Best
Flex RnD
$1.42M
$1.25M – $1.66M
NOI $99,628 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,522 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Christiani's Catering — 1150 E Diehl Ave, Des Moines, IA 50315
- Hy-Vee Catering — 1107 E Army Post Rd, Des Moines, IA 50315
Frequently Asked Questions
What type of property is this?
Flex space - 17,780 SF building with office, shop, and warehouse space.
Where is this flex space located?
The property is located at 1536 E Army Post Rd Des Moines, IA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime 17,780 SF building with versatile office, warehouse, and shop space.; EX zoning allows for diverse commercial ventures.; Ideal location near city thoroughfare and major transportation hubs.
