Corner Lot Industrial Flex
1700 E Court Avenue Des Moines, IA 50316
1700 E Court Avenue, Des Moines, IA, 50316
$400,000
For Sale
$400,000
Industrial flex building with a customer waiting area, ample parking, and recent roof and gutter updates.
Property Size5,600 SF
Price / SF$71.43
Days on Market445
Property Features for 1700 E Court Avenue
General Information
- Standard status
- Active
- Size
- 5,600 SF
- Property subtype
- General Commercial
Listing agency
RE/MAX Precision
(515) 612-2702
Listed by
Beatris Mayorga · License #S66769000
(515) 612-2702
Source
Xome
Added: May 3, 2025 Updated: Jul 20 at 3:58PM Checked: Jul 21 at 3:01AM
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 Precision
Investment Insights
Based on property information with market context.
This industrial flex building is positioned on a corner lot and laid out for general industrial use. The interior includes a customer waiting area, and the property provides ample parking for day-to-day operations. Recent updates include a new roof and gutter system, adding durability and reducing near-term maintenance.
The property’s location on a corner is intended to support visibility and convenient access for customers and deliveries.
Offered for sale as a turnkey setup, this space is described as ready for immediate occupancy for general industrial operations.
The property’s location on a corner is intended to support visibility and convenient access for customers and deliveries.
Offered for sale as a turnkey setup, this space is described as ready for immediate occupancy for general industrial operations.
Key Highlights
- Corner lot industrial flex building with a customer waiting area
- Ample parking on site
- Recent roof and gutter system updates
Local Financial Insights For Flex RnD
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 | $52.4k | $9.36 |
| − Vacancy | −$4.1k | −$0.74 |
| EGI | $48.3k | $8.62 |
| − OpEx | −$16.9k | −$3.02 |
| NOI | $31.4k | $5.60 |
5,600 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$448.3K
$392.2K – $523.0K
NOI $31,379 @ 7.0% cap · market cap 7.84%
Second Best
Warehouse
$375.8K
$328.8K – $438.4K
NOI $26,304 @ 7.0% cap · market cap 6.58%
Theoretical Best
Office A
$1.38M
$1.21M – $1.61M
NOI $96,542 @ 7.0% cap · market cap 24.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex building with a customer waiting area, ample parking, and recent roof and gutter updates.
Where is this flex space located?
The property is located at 1700 E Court Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Corner lot industrial flex building with a customer waiting area; Ample parking on site; Recent roof and gutter system updates
