1424 Army Post Rd, Des Moines, IA
Former auto body shop in high-traffic Des Moines location.
- Added:
- Oct 2, 2025
- Days on Market:
- 251
- Last Refresh:
- May 19 at 10:48 pm
Property Features for 1424 Army Post Rd
General Information
- Standard status
- Active
- Size
- 3,223 SF
- Lot size
- 0.33 Acres
- Property subtype
- RETAIL
Listing agent Drew Rosonke License #S71622000 (515) 612-5494
Listing office CBRE (515) 612-5494
Listing date Oct 2, 2025
Source Moodyscre
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
HighLights
- High‑traffic location on Army Post Road.
- Excellent accessibility.
- Large shop area with front and back access.
- Multiple service bays.
- Finished reception area.
- Proximity to Des Moines International Airport and Highway 5 bypass.
Overview
Local 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 | $48.3k | $15.00 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $44.7k | $13.88 |
| − OpEx | −$13.4k | −$4.16 |
| NOI | $31.3k | $9.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6366
- Latitude
- 41.5262
