Flex Space Portfolio
For Sale
Contact for pricing
1427 Pleasant View Dr, Des Moines, IA 50320
Portfolio includes three Des Moines properties with office and warehouse components.
Property Size12,400 SF
Price / SF$74.60
Days on Market56
Property Features for 1427 Pleasant View Dr
General Information
Standard status
Active
Size
12,400 SF
Property subtype
INDUSTRIAL
Listing Agency:
KW Commercial
(515) 771-3299
Listed By:
Mick Grossman · License #S43534000
(515) 334-4900
Source:
Moodyscre
Added: Aug 20
Changed: Sep 17
Last Checked: Oct 12 at 6:22PM
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 KW Commercial
Investment Insights
Based on property information with market context.
This flex space portfolio sale includes properties at 3121 SE 14th St, 1415 Pleasantview Dr, and 1427 Pleasant View Dr in Des Moines, Iowa. The 3121 SE 14th Street property contains 12,400 square feet across five parcels totaling 1.52 acres.
That property combines an 1,810-square-foot office with a finished basement and 10,590 square feet of warehouse area. The mixed office and warehouse configuration supports a range of commercial operations within a single property.
That property combines an 1,810-square-foot office with a finished basement and 10,590 square feet of warehouse area. The mixed office and warehouse configuration supports a range of commercial operations within a single property.
Key Highlights
- Portfolio includes 3121 SE 14th St, 1415 Pleasantview Dr, and 1427 Pleasant View Dr
- 12,400 SF of office and warehouse space at 3121 SE 14th Street
- Five parcels totaling 1.52 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,482
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,640
$1.4M
Cap Rate 7%
$992,600
$992.6K
Cap Rate 9%
$772,022
$772.0K
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$116.1K $9.36/SF
− Vacancy
−$9.2K −$0.74/SF
EGI
$106.9K $8.62/SF
− OpEx
−$37.4K −$3.02/SF
NOI
$69.5K $5.60/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,640
Cap Rate 7%
$992,600
Cap Rate 9%
$772,022
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $163,382 @ 7.0% cap · market cap 17.66%
Second Best
Flex RnD
$992.6K
$868.5K – $1.16M
NOI $69,482 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,772 @ 7.0% cap · market cap 23.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50320, IA
23,369
Population
9,317
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
16.8 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,710
Median Household Income
$44,418
Median Earnings
$1,110
Median Rent
$207,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Des Moines, IA
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Similar Off Market Nearby
- Hy-Vee Catering — 3221 SE 14th St, Des Moines, IA 50320
Frequently Asked Questions
What type of property is this?
Flex space - Portfolio includes three Des Moines properties with office and warehouse components.
Where is this flex space located?
The property is located at 1427 Pleasant View Dr Des Moines, IA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Portfolio includes 3121 SE 14th St, 1415 Pleasantview Dr, and 1427 Pleasant View Dr; 12,400 SF of office and warehouse space at 3121 SE 14th Street; Five parcels totaling 1.52 acres
