Heavy Industrial Warehouse with
4485 Northeast 22nd Street Des Moines, IA 50313
For Sale
$2,150,000
Warehouse with heavy industrial zoning, finished office space, and multiple loading doors for practical industrial operations.
Property Size10,500 SF
Lot Size4.65 Acres
Price / SF$204.76
Days on Market29
Property Features for 4485 Northeast 22nd Street
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Lot size
- 4.65 Acres
- Property subtype
- Industrial
Listing Agency:
Ferguson Commercial Real Estate Services
(515) 867-4964
Listed By:
Nathan Petsche · License #S70663000
Source:
Fergusoncres
Added: Jun 25
Changed: Jul 10
Last Checked: Jul 23 at 3:56AM
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 Ferguson Commercial Real Estate Services
Investment Insights
Based on property information with market context.
This heavy industrial warehouse property offers a combined operating layout with warehouse space and on-site administrative support. The building includes approximately 1,730 square feet of finished office space and about 1,400 square feet of unfinished mezzanine area. Outdoor storage is also available, with approximately 2.5 acres of secured outdoor storage included in the total site area. The facility is designed for movement of goods and equipment, featuring two drive-in doors with 13' clear height and one dock door.
The property is located on NE 22nd Street and is described as having good visibility. It also benefits from a secured outdoor storage component that supports service, staging, or inventory needs outside of the building.
For tenants or buyers seeking an industrial facility that can accommodate both production and day-to-day office functions, the combination of finished office space, an unfinished mezzanine, and loading capability is a practical fit. With secured outdoor storage and multiple loading doors, the site supports a range of warehouse and light-to-heavy industrial uses consistent with the stated heavy industrial zoning.
The property is located on NE 22nd Street and is described as having good visibility. It also benefits from a secured outdoor storage component that supports service, staging, or inventory needs outside of the building.
For tenants or buyers seeking an industrial facility that can accommodate both production and day-to-day office functions, the combination of finished office space, an unfinished mezzanine, and loading capability is a practical fit. With secured outdoor storage and multiple loading doors, the site supports a range of warehouse and light-to-heavy industrial uses consistent with the stated heavy industrial zoning.
Key Highlights
- 4.65‑acre warehouse with approx. 2.5 acres of secured outdoor storage space
- 10,500 SF warehouse building with 13' clear height and 2 drive‑in doors
- 1,730 SF finished office space plus 1,400 SF unfinished mezzanine
Financial Insights For Office B
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 | $230.6k | $21.96 |
| − Vacancy | −$46.1k | −$4.39 |
| EGI | $184.5k | $17.57 |
| − OpEx | −$46.1k | −$4.39 |
| NOI | $138.3k | $13.18 |
10,500 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,348 @ 7.0% cap · market cap 6.43%
Second Best
Warehouse
$704.6K
$616.5K – $822.0K
NOI $49,320 @ 7.0% cap · market cap 2.29%
Theoretical Best
Office A
$2.59M
$2.26M – $3.02M
NOI $181,017 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar Off Market Nearby
- SOS Portable Solutions — 4551 Delaware Ave, Des Moines, IA 50313
- Hillcrest RV Storage — 3921 Delaware Ave, Des Moines, IA 50313
- aurora self storage complex — 1700 E Aurora Ave, Des Moines, IA 50313
- Tompkins Branch 16 Warehouse — 4101 E 16th St, Des Moines, IA 50313
- Lineage — 1650 E Madison Ave, Des Moines, IA 50313
FAQs
What type of property is this?
Warehouse - Warehouse with heavy industrial zoning, finished office space, and multiple loading doors for practical industrial operations.
Where is this warehouse located?
The property is located at 4485 Northeast 22nd Street Des Moines, IA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 4.65‑acre warehouse with approx. 2.5 acres of secured outdoor storage space; 10,500 SF warehouse building with 13' clear height and 2 drive‑in doors; 1,730 SF finished office space plus 1,400 SF unfinished mezzanine
