1429 2nd Avenue Des Moines, IA 50314
Well-maintained flex building with warehouse and office space for sale.
Property Features for 1429 2nd Avenue
General Information
- Standard status
- Active
- Size
- 8,112 SF
- Property subtype
- Industrial
Listing office (515) 556-9168
Listing date Mar 25, 2026
Source Cbre
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All listing content including descriptions, pricing, images are the copyrighted material of Harrison Kruse
Investment Insights
Based on property information with market context.
Key Highlights
- Excellent location in the desirable Central Place submarket, north of Downtown Des Moines, with exceptional connectivity via I‑235.
- Move‑in ready condition suitable for office, light industrial, or creative use.
- Existing buildout with 2,924 SF of office space including 9 offices, a conference room, and 3 restrooms (1 with shower).
Local Financial Insights For Flex RnD
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 | $75.9k | $9.36 |
| − Vacancy | −$6.0k | −$0.74 |
| EGI | $69.9k | $8.62 |
| − OpEx | −$24.5k | −$3.02 |
| NOI | $45.5k | $5.60 |
Alternative Uses
Property Analytics
Current Use by Public Records
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