1501 6th Ave Des Moines, IA 50314
Fully functioning automotive shop in high-traffic location for sale.
- Added:
- Feb 25, 2026
- Days on Market:
- 136
- Last Refresh:
- Jun 28 at 9:36 pm
Property Features for 1501 6th Ave
General Information
- Standard status
- Active
- Size
- 1,894 SF
- Property subtype
- Retail
Listing office RE/MAX Concepts (515) 276-2872
Listing date Feb 25, 2026
Source Crexi
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 RE/MAX Concepts
Investment Insights
Based on property information with market context.
Key Highlights
- Optimal location with high daily traffic for high exposure.
- Fully functioning automotive shop.
- Car lift included with the property.
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 | $28.4k | $15.00 |
| − Vacancy | −$2.1k | −$1.13 |
| EGI | $26.3k | $13.88 |
| − OpEx | −$7.9k | −$4.16 |
| NOI | $18.4k | $9.71 |
Alternative Uses
Property Analytics
Current Use by Public Records
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