Flex Space with Fenced Storage
1521 Vermont Street, Des Moines, IA 50314
For Sale
New
Contact for pricing
A compact work area pairs vehicle access with enclosed outdoor storage and light industrial zoning.
Property Size1,200 SF
Price / SF$166.67
Days on Market5
Property Features for 1521 Vermont Street
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Fenced Yard
Outdoor Storage
Additional Details
Drive-In Doors
Property Use
Building Details
Buildings
Listing Agency:
Keller Williams Des Moines
Listed By:
Kyle Freeman · License IA S67396000
(515) 975-7030
Source:
Crexi
Added: Nov 7
Changed: Nov 10
Last Checked: Nov 10 at 2:12PM
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 Keller Williams Des Moines
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Investment Insights
Based on property information with market context.
This flex property includes a 1,200-square-foot building with two overhead doors and a separate walk-in entrance. A fenced outdoor area behind the building contains two shipping containers, adding secure space for storage. The property is zoned for light industrial use.
Key Highlights
- 1,200‑square‑foot building with two overhead doors
- Separate pedestrian entrance
- Fenced rear outdoor area with two shipping containers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,724
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$134,480
$134.5K
Cap Rate 7%
$96,057
$96.1K
Cap Rate 9%
$74,711
$74.7K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$11.2K $9.36/SF
− Vacancy
−$887 −$0.74/SF
EGI
$10.3K $8.62/SF
− OpEx
−$3.6K −$3.02/SF
NOI
$6.7K $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%
$134,480
Cap Rate 7%
$96,057
Cap Rate 9%
$74,711
Alternative Uses
Best Use
Flex RnD
$96.1K
$84.1K – $112.1K
NOI $6,724 @ 7.0% cap · market cap 3.36%
Second Best
Industrial
$70.3K
$61.5K – $82.0K
NOI $4,920 @ 7.0% cap · market cap 2.46%
Theoretical Best
Office A
$295.5K
$258.6K – $344.8K
NOI $20,688 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,411
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50314, IA
11,764
Population
4,780
Households
2.5
Avg Household Size
31
Median Age
15%
College-Educated
72%
High-School Grad
2.5 sq mi
ZIP Area
4,706
Density / Sq Mi
$38,511
Median Household Income
$30,314
Median Earnings
$977
Median Rent
$146,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Des Moines, IA
Properties on Market for Flex space in Des Moines
Vacancy Rate% for Industrial in Des Moines, IA
Similar Off Market Nearby
- Top It Off Liquid Catering — 100 Indiana Ave, Des Moines, IA 50314
- In The Bag Corporate Cuisine — 79 University Ave, Des Moines, IA 50314
- Families food-n-fun — 1350 E 13th St, Des Moines, IA 50316
Frequently Asked Questions
What type of property is this?
Flex space - A compact work area pairs vehicle access with enclosed outdoor storage and light industrial zoning.
Where is this flex space located?
The property is located at 1521 Vermont Street Des Moines, IA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,200‑square‑foot building with two overhead doors; Separate pedestrian entrance; Fenced rear outdoor area with two shipping containers
