Renovated Auto Shop with Overhead
For Sale
Contact for pricing
1424 Army Post Rd, Des Moines, IA 50315
Automotive property with heating, cooling, polished concrete, and zoning for car rental use.
Property Size3,798 SF
Price / SF$1.18
Days on Market95
Property Features for 1424 Army Post Rd
General Information
Standard status
Active
Size
3,798 SF
Zoning
Car Rental
Site & Location
Neighborhood
Watrous South
Amenities
restrooms
polished concrete
heating/cooling
overhead doors
Building Details
Year Built
1964
Year Renovated
2019
Listing Agency:
Uplift Realty
Listed By:
Martin Castaneda
(515) 779-6655
Source:
Kwlegacyrealty
Added: Aug 4
Changed: Oct 25
Last Checked: Oct 7 at 1:17PM
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 Uplift Realty
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Investment Insights
Based on property information with market context.
This automotive property was built in 1964 and renovated in 2019. The building includes two restrooms, heating and cooling, polished concrete floors, and four 10 x 10 overhead doors. Its prior use was as a mechanic shop, while current zoning supports car rental operations.
Located at 1424 Army Post Rd in Des Moines, the property is a couple of miles from Des Moines Airport. The site can accommodate work involving fleet vehicles as well as their sale, supporting automotive and airport-related operations.
Located at 1424 Army Post Rd in Des Moines, the property is a couple of miles from Des Moines Airport. The site can accommodate work involving fleet vehicles as well as their sale, supporting automotive and airport-related operations.
Key Highlights
- Renovated in 2019; originally built in 1964
- Four 10 x 10 overhead doors
- Two restrooms with heating and cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,573
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,460
$311.5K
Cap Rate 7%
$222,471
$222.5K
Cap Rate 9%
$173,033
$173.0K
Market Conditions
NOI Build-Up for 3,798 SF
Gross rent
$24.2K $6.36/SF
− Vacancy
−$1.9K −$0.50/SF
EGI
$22.2K $5.86/SF
− OpEx
−$6.7K −$1.76/SF
NOI
$15.6K $4.10/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$311,460
Cap Rate 7%
$222,471
Cap Rate 9%
$173,033
Alternative Uses
Best Use
Retail
$527.0K
$461.1K – $614.8K
NOI $36,888 @ 7.0% cap · market cap 819.73%
Second Best
Industrial
$222.5K
$194.7K – $259.6K
NOI $15,573 @ 7.0% cap · market cap 346.07%
Theoretical Best
Office A
$935.4K
$818.5K – $1.09M
NOI $65,476 @ 7.0% cap · market cap 1,455.02%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
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Market
Vacancy Rate% for Retail in Des Moines, IA
Similar Off Market Nearby
- AMS Automotive & Towing — 1805 Army Post Rd, Des Moines, IA 50315
- Brandon Automotive — 1537 army post rd, des moines, ia 50315
- Army Post Auto Care — 1326 Army Post Rd, Des Moines, IA 50315
- Brad's Collision Center Inc — 1400 Army Post Rd, Des Moines, IA 50315
- Tjaden Automotive — 1424 Army Post Rd, Des Moines, IA 50315
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive property with heating, cooling, polished concrete, and zoning for car rental use.
Where is this auto shop located?
The property is located at 1424 Army Post Rd Des Moines, IA.
What are key features of this property?
This property features: Renovated in 2019; originally built in 1964; Four 10 x 10 overhead doors; Two restrooms with heating and cooling
