Mixed-Use Commercial
For Sale
Contact for pricing
1300 Metro East Drive, Pleasant Hill, IA 50327
Multi-user commercial property in a Light Industrial District with access to the Des Moines metro area.
Property Size54,818 SF
Price / SF$110.37
Days on Market54
Property Features for 1300 Metro East Drive
General Information
Standard status
Active
Size
54,818 SF
Class
A
Total Parking Spaces
100
Property subtype
Retail, Office, Industrial
Zoning
Light Industrial District
Occupancy
81%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2008
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
Central Property Advisors
Listed By:
Michael Billings · License #IA B59435000
(515) 964-1587
Source:
Crexi
Added: Aug 26
Changed: Oct 13
Last Checked: Oct 16 at 9:37AM
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 Central Property Advisors
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Investment Insights
Based on property information with market context.
This mixed-use commercial property encompasses 54,818 square feet and was built in 2008. The building accommodates multiple commercial users and is positioned for office, service, and other commercial functions within a Light Industrial District.
Located at 1300 Metro East Drive in Pleasant Hill, the property provides access to the Des Moines metro area, Altoona, and surrounding communities. Its setting within an established business environment supports convenient connections for businesses serving the east metro.
Located at 1300 Metro East Drive in Pleasant Hill, the property provides access to the Des Moines metro area, Altoona, and surrounding communities. Its setting within an established business environment supports convenient connections for businesses serving the east metro.
Key Highlights
- 54,818‑square‑foot mixed‑use commercial property
- Built in 2008
- Located in a Light Industrial District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$542,698
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,853,960
$10.9M
Cap Rate 7%
$7,752,829
$7.8M
Cap Rate 9%
$6,029,978
$6.0M
Market Conditions
NOI Build-Up for 54,818 SF
Gross rent
$986.7K $18.00/SF
− Vacancy
−$118.4K −$2.16/SF
EGI
$868.3K $15.84/SF
− OpEx
−$325.6K −$5.94/SF
NOI
$542.7K $9.90/SF
Area
Polk County, IA
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,853,960
Cap Rate 7%
$7,752,829
Cap Rate 9%
$6,029,978
Alternative Uses
Best Use
Office B
$10.32M
$9.03M – $12.04M
NOI $722,282 @ 7.0% cap · market cap 11.94%
Second Best
Mixed Use
$7.75M
$6.78M – $9.04M
NOI $542,698 @ 7.0% cap · market cap 8.97%
Theoretical Best
Flex RnD
$52.77M
$46.17M – $61.56M
NOI $3,693,859 @ 7.0% cap · market cap 61.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Explore this area
Business Placement
Demographics for 50327, IA
11,807
Population
5,077
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
747
Density / Sq Mi
$90,759
Median Household Income
$46,177
Median Earnings
$1,219
Median Rent
$303,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-user commercial property in a Light Industrial District with access to the Des Moines metro area.
Where is this mixed-use property located?
The property is located at 1300 Metro East Drive Pleasant Hill, IA.
What is the asking price?
The asking price for this property is $6,050,000.
What are key features of this property?
This property features: 54,818‑square‑foot mixed‑use commercial property; Built in 2008; Located in a Light Industrial District
