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Versatile Des Moines Commercial Building

1536 E Army Post Rd Des Moines, IA 50320

1536 E Army Post Rd, Des Moines, IA, 50320

$1,950,000

For Sale

$1,950,000

17,780 SF building with office, shop, and warehouse space.

Property Size17,780 SF

Price / SF$109.67

AddedMar 6

Days on Market131

Last RefreshJul 15 at 5:49 am

Property Features for 1536 E Army Post Rd

General Information

Standard status: Active
Size: 17,780 SF
Property subtype: Office

Building Details

Year Built: 1973

Listing office NAI Iowa Realty Commercial - Des Moines

Listing date Mar 6, 2026

Source Naiglobal

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 presents a versatile layout suitable for various office and warehouse uses. The property is zoned EX, accommodating diverse commercial ventures. The building includes 8,598 SF of office space, 3,582 SF of shop space, and 5,600 SF of warehouse space, along with 3,840 SF of covered area. The office area was remodeled in 2008. The property benefits from its location near a city thoroughfare, offering accessibility and visibility. The surrounding business community is thriving, with key arterial roads and major transportation hubs nearby. A range of dining options, retail amenities, and recreational facilities are also located in the vicinity. The property features drive-through overhead doors and exterior access to the second-floor office.

Key Highlights

Prime 17,780 SF building with versatile office, warehouse, and shop space.
EX zoning allows for diverse commercial ventures.
Ideal location near city thoroughfare and major transportation hubs.

Local Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$166.4k	$9.36
− Vacancy	−$13.1k	−$0.74
EGI	$153.3k	$8.62
− OpEx	−$53.6k	−$3.02
NOI	$99.6k	$5.60

17,780 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%

Alternative Uses

Best Use

Office B

$3.35M

$2.93M – $3.90M (±1% cap)

NOI $234,269 @ 7.0% cap · market cap 12.01%

Second Best

Flex RnD

$1.42M

$1.25M – $1.66M (±1% cap)

NOI $99,628 @ 7.0% cap · market cap 5.11%

Theoretical Best

Office A

$4.38M

$3.83M – $5.11M (±1% cap)

NOI $306,522 @ 7.0% cap · market cap 15.72%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

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For sale
Flex space
IA
Des Moines
50320
1536 E Army Post Rd

What type of property is this?

Flex space - 17,780 SF building with office, shop, and warehouse space.

Where is this flex space 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 with versatile office, warehouse, and shop space.; EX zoning allows for diverse commercial ventures.; Ideal location near city thoroughfare and major transportation hubs.