Versatile Office, Warehouse, and
1536 E Army Post Rd Des Moines, IA 50320
For Sale
$1,950,000
17,780 SF building with office, warehouse, and shop space.
Property Size17,781 SF
Price / SF$109.67
Days on Market249
Property Features for 1536 E Army Post Rd
General Information
Standard status
Active
Size
17,781 SF
Property subtype
Office
Building Details
Year Built
1973
Listing Agency:
NAI Iowa Realty Commercial - Des Moines
(515) 208-1252
Listed By:
Scott Obstarczyk · License #011AA5388
(515) 208-1252
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Jul 27 at 5:16AM
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 NAI Iowa Realty Commercial - Des Moines
Investment Insights
Based on property information with market context.
This 17,780 SF building in Des Moines offers a versatile layout suitable for office and warehouse uses. The property is zoned EX, supporting diverse commercial ventures. It features drive-through overhead doors and exterior access to the second-floor office. The office was remodeled in 2008. The location provides accessibility near key arterial roads and major transportation hubs. The surrounding thriving business community offers a range of dining options, retail amenities, and recreational facilities.
Key Highlights
- Prime 17,780 SF building suitable for office, warehouse, and shop use.
- EX zoning allows for diverse commercial ventures.
- Ideal location near city thoroughfare and major transportation hubs.
Financial Insights For Warehouse
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 | $106.7k | $6.00 |
| − Vacancy | −$8.4k | −$0.47 |
| EGI | $98.3k | $5.53 |
| − OpEx | −$14.7k | −$0.83 |
| NOI | $83.5k | $4.70 |
17,781 SF · lease $6.00/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Office B
$3.35M
$2.93M – $3.90M
NOI $234,282 @ 7.0% cap · market cap 12.01%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,519 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$4.38M
$3.83M – $5.11M
NOI $306,539 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - 17,780 SF building with office, warehouse, and shop space.
Where is this office building located?
The property is located at 1536 E Army Post Rd Des Moines, IA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Prime 17,780 SF building suitable for office, warehouse, and shop use.; EX zoning allows for diverse commercial ventures.; Ideal location near city thoroughfare and major transportation hubs.
