Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Tire Service Center Available Title is generated by Realmo AI

    1566 E Euclid Ave, Des Moines, IA 50313

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Lease opportunity: former tire service center with service bays.

    Type:Retail
    Added:
    Sep 16, 2024
    Days on Market:
    623
    Last Refresh:
    May 12 at 8:17 pm

    Property Features for 1566 E Euclid Ave

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 1566 E Euclid Ave Contact us

    $12/Mo

    Size
    Type
    Retail
    Contact us

    We can help!

    Listing Contact
    Bill Wright

    Listing agent Bill Wright License #IA S33231000

    Listing office CBRE - Des Moines

    Listing date Sep 16, 2024

    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 CBRE - Des Moines

    HighLights

    • High‑traffic location at the corner of E 14th Street and East Euclid Avenue within Eastgate Plaza.
    • Eight (8) service bays, ideal for auto service‑related businesses.
    • Flexible building suitable for auto service, retail, or flex (office/warehouse) uses.
    • Includes showroom, office area, and mezzanine storage.
    • Frontage on East Euclid Avenue.
    • Owner open to land lease or build‑to‑suit opportunity.

    Overview

    This former tire service center is available for lease and is located on the east end of Eastgate Plaza with frontage on East Euclid Avenue. The building's layout includes a showroom, an office area, mezzanine storage, and eight service bays. The building is suitable for auto service-related businesses and could be retrofitted for retail or flex (office/warehouse) uses. The owner would consider a land lease or build-to-suit opportunity. Eastgate Plaza is strategically located on the corner of E 14th Street and East Euclid Avenue.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freedom Tire and Auto ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Eastern Iowa Tire Inc — 1775 E Euclid Ave # 1, Des Moines, IA 50313
    • Commercial Trucks Trailers Tires — 1311 e euclid ave, des moines, ia 50316
    • CFI Tire & Wheel — 1701 E Euclid Ave, Des Moines, IA 50313
    • Ozerty — 843 Grandview Ave, Des Moines, IA 50313
    • Freedom Tire and Auto Service Center — 1566 E Euclid Ave, Des Moines, IA 50313

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5954503
    Latitude
    41.6282104

    Nearby Similar for Lease

    • Sponsored
      $109-$2,346/Mo
      11-1,292 SF

      Hub Tower

      699 Walnut St, Unit 400, Des Moines, IA 50309
      View Details
    • $14 SF/Yr
      1,540 SF

      Retail Space in Retail Corridor

      Open retail space with visibility in a strong retail corridor.
      1430-1440 E Army Post Rd, Des Moines, IA 50320
      View Details
    • $10 SF/Yr
      2,208 SF

      Historic Office Space For Lease

      Historic office condo in vibrant Court Avenue District available for lease.
      100 Court Avenue, Des Moines, IA, 50309
      View Details
    • $19 SF/Yr
      14,360 SF

      Downtown Des Moines Office Space

      Three-story office building in vibrant Riverpoint district with parking.
      500 Southwest 7th Street, Des Moines, IA, 50309
      View Details
    • $10 SF/Yr
      4,847 SF

      Former Fitness Center on Fleur

      Former fitness center available for lease in Wakonda Shopping Center.
      4301 Fleur Drive, Des Moines, IA, 50321
      View Details
    • $12 SF/Yr
      8,500 SF

      East Euclid Avenue Flex Space

      Former tire service center suitable for auto, retail, or flex.
      1566 East Euclid Avenue, Des Moines, IA, 50313
      View Details
    • $25 SF/Yr
      1,097 SF

      East Village Retail Space Available

      Modern retail space in a historic, walkable East Village location.
      316 East 6th Street, Des Moines, IA, 50309
      View Details
    • $14 SF/Yr
      2,639 SF

      East Village Mixed-Use Development

      New mixed-use development with commercial space in the East Village.
      201 Southeast 6th Street, Des Moines, IA, 50309
      View Details
    • $12 SF/Yr
      6,084 SF

      Ingersoll Avenue Retail Space Available

      Retail space for lease on streetscaped Ingersoll Avenue.
      2913 Ingersoll Avenue, Des Moines, IA, 50312
      View Details
    • $8 SF/Yr
      1,871 SF

      Retail Space in Sherwood Forest

      Retail space with ample parking and strong traffic counts.
      7400 Hickman Road, Des Moines, IA, 50325
      View Details
    • $20 SF/Yr
      6,270 SF

      Retail Space on Ingersoll Avenue

      Retail space in Soll Apartments near Ingersoll shopping corridor.
      2301 Ingersoll Avenue, Des Moines, IA, 50312
      View Details
    • $29 SF/Yr
      1,600 SF

      Restaurant Space with Existing Infrastructure

      Second-generation restaurant space with FF&E and grease interceptor.
      2708 Ingersoll Avenue, Des Moines, IA, 50312
      View Details

    FAQs

    What type of property is this?
    Auto shop - Lease opportunity: former tire service center with service bays.
    Where is this auto shop located?
    The property is located at 1566 E Euclid Ave Des Moines, IA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: High‑traffic location at the corner of E 14th Street and East Euclid Avenue within Eastgate Plaza.; Eight (8) service bays, ideal for auto service‑related businesses.; Flexible building suitable for auto service, retail, or flex (office/warehouse) uses.
    (515) 210-3050 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bill Wright
    Real Estate License ID: IA S33231000
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1566 E Euclid Ave, Des Moines, IA 50313
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!