Two-Building Industrial Flex
For Sale
Contact for pricing
Pending
1301-1401 NE 56th St, Pleasant Hill, IA 50327
Versatile warehouse and office configuration with drive-in loading access and room for storage.
Property Size11,560 SF
Days on Market53
Property Features for 1301-1401 NE 56th St
General Information
Standard status
Pending
Size
11,560 SF
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Drive-In Doors
2
Building Details
Buildings
2
Listing Agency:
NAI Iowa Realty Commercial
(515) 453-5429
Listed By:
Daniel Dempsey
(515) 306-0794
Source:
Moodyscre
Added: Aug 31
Changed: Oct 11
Last Checked: Oct 20 at 11:48PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property comprises two buildings totaling approximately 11,560 square feet on over 2 acres. The improvements combine warehouse and office areas, with a practical layout that supports industrial, service, or owner-user operations. Two drive-in overhead doors provide direct loading and entry access, while the site offers room for shelving and storage.
The property is located in Pleasant Hill with access to Hwy 65 and E University for travel throughout the Greater Des Moines Metro. The two-building configuration and mix of functional work areas provide a range of options for a company headquarters or other commercial operation.
The property is located in Pleasant Hill with access to Hwy 65 and E University for travel throughout the Greater Des Moines Metro. The two-building configuration and mix of functional work areas provide a range of options for a company headquarters or other commercial operation.
Key Highlights
- Two buildings totaling approximately 11,560 square feet
- Over 2 acres of versatile industrial flex property
- Two drive‑in overhead doors for loading and access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,315
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,046,300
$3.0M
Cap Rate 7%
$2,175,929
$2.2M
Cap Rate 9%
$1,692,389
$1.7M
Market Conditions
NOI Build-Up for 11,560 SF
Gross rent
$253.9K $21.96/SF
− Vacancy
−$50.8K −$4.39/SF
EGI
$203.1K $17.57/SF
− OpEx
−$50.8K −$4.39/SF
NOI
$152.3K $13.18/SF
Area
Polk County, 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%
$3,046,300
Cap Rate 7%
$2,175,929
Cap Rate 9%
$1,692,389
Alternative Uses
Best Use
Flex RnD
$11.13M
$9.74M – $12.98M
NOI $778,960 @ 7.0% cap · market cap 45.82%
Second Best
Warehouse
$9.31M
$8.14M – $10.86M
NOI $651,582 @ 7.0% cap · market cap 38.33%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Balanced
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Great Caterers of Iowa — 1480 Sloans Way, Pleasant Hill, IA 50327
Frequently Asked Questions
What type of property is this?
Flex space - Versatile warehouse and office configuration with drive-in loading access and room for storage.
Where is this flex space located?
The property is located at 1301-1401 NE 56th St Pleasant Hill, IA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Two buildings totaling approximately 11,560 square feet; Over 2 acres of versatile industrial flex property; Two drive‑in overhead doors for loading and access
