Multi-Tenant Retail
For Sale
Contact for pricing
521 E 14th St, Des Moines, IA 50316
Multi-tenant storefront totaling 3,168 SF with pylon signage availability and two current tenants.
Property Size3,168 SF
Price / SF$228.85
Days on Market514
Property Features for 521 E 14th St
General Information
Standard status
Active
Size
3,168 SF
Property subtype
RETAIL
Occupancy
100%
Additional Details
Cap Rate
7.75%
Traffic Count
21,800 vehicles/day
Building Details
Tenancy
Multi
Listing Agency:
CBRE
(515) 745-5113
Listed By:
Grant Wright · License #S33231000
(515) 745-5113
Source:
Moodyscre
Added: Mar 3, 2025
Changed: Jul 28
Last Checked: Jul 28 at 3:10AM
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 CBRE
Investment Insights
Based on property information with market context.
This multi-tenant retail storefront offers 3,168 SF of available space. The tenancy includes Wingstop (1,800 SF) and Puff Puff Pass Vape Shop (1,368 SF), with a weighted average lease term remaining of 3.68 years. Pylon signage is available for tenants.
Located in the Capitol East neighborhood at 521 E 14th St in Des Moines, IA, the property benefits from high visibility and accessibility along E 14th St, which is listed at 21,800 VPD.
Offered for sale at $725,000, the listing references a 7.75% cap rate on current NOI. Contact the broker for further financial details.
Located in the Capitol East neighborhood at 521 E 14th St in Des Moines, IA, the property benefits from high visibility and accessibility along E 14th St, which is listed at 21,800 VPD.
Offered for sale at $725,000, the listing references a 7.75% cap rate on current NOI. Contact the broker for further financial details.
Key Highlights
- 3,168 SF multi‑tenant storefront with pylon signage availability
- Current tenants: Wingstop (1,800 SF) and Puff Puff Pass Vape Shop (1,368 SF)
- E 14th St frontage with 21,800 VPD traffic count
Financial Insights For Retail
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 | $47.5k | $15.00 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $44.0k | $13.88 |
| − OpEx | −$13.2k | −$4.16 |
| NOI | $30.8k | $9.71 |
3,168 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$439.6K
$384.6K – $512.8K
NOI $30,769 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.2K
$682.7K – $910.3K
NOI $54,615 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21,800 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 50316, IA
16,785
Population
6,002
Households
2.8
Avg Household Size
33
Median Age
13%
College-Educated
78%
High-School Grad
3.6 sq mi
ZIP Area
4,663
Density / Sq Mi
$53,090
Median Household Income
$33,994
Median Earnings
$963
Median Rent
$137,300
Median Home Value
Market
Vacancy Rate% for Retail in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Multi-tenant storefront totaling 3,168 SF with pylon signage availability and two current tenants.
Where is this retail space located?
The property is located at 521 E 14th St Des Moines, IA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 3,168 SF multi‑tenant storefront with pylon signage availability; Current tenants: Wingstop (1,800 SF) and Puff Puff Pass Vape Shop (1,368 SF); E 14th St frontage with 21,800 VPD traffic count
