Industrial Warehouse with Manufacturing
For Sale
Contact for pricing
219 New York Avenue, Des Moines, IA 50313
Former sheet metal manufacturing facility suited for warehousing, light manufacturing, or distribution operations.
Property Size12,900 SF
Price / SF$94.96
Days on Market98
Property Features for 219 New York Avenue
General Information
Standard status
Active
Size
12,900 SF
Class
B
Total Parking Spaces
20
Property subtype
Industrial
Zoning
Industrial District
Building Details
Year Built
1946
Buildings
1
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
Listed By:
Corey Sedrel · License #B67845000
(515) 979-1454
Source:
Crexi
Added: Jul 2
Changed: Sep 23
Last Checked: Oct 7 at 12:51PM
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 Cushman & Wakefield Iowa Commercial Advisors
Investment Insights
Based on property information with market context.
This property is a former sheet metal manufacturing facility offered for sale. The building is positioned as an industrial asset suitable for warehousing, light manufacturing, or distribution use. It provides a practical manufacturing-to-industrial configuration for operators seeking space designed around industrial work and material handling.
Located in north Des Moines at 219 New York Avenue, the site is described as just minutes from the downtown Des Moines CBD. The surrounding area features an established mix of commercial and industrial businesses. The property is also noted for convenient access to major transportation routes and regional logistics networks.
For tenants, buyers, and operators, the most straightforward fit is an industrial user that can benefit from the prior manufacturing context while supporting warehousing or distribution workflows. The facility’s prior manufacturing use aligns with light manufacturing and distribution needs, while the nearby business environment and access to regional transportation routes can support day-to-day logistics and operations.
Located in north Des Moines at 219 New York Avenue, the site is described as just minutes from the downtown Des Moines CBD. The surrounding area features an established mix of commercial and industrial businesses. The property is also noted for convenient access to major transportation routes and regional logistics networks.
For tenants, buyers, and operators, the most straightforward fit is an industrial user that can benefit from the prior manufacturing context while supporting warehousing or distribution workflows. The facility’s prior manufacturing use aligns with light manufacturing and distribution needs, while the nearby business environment and access to regional transportation routes can support day-to-day logistics and operations.
Key Highlights
- Former sheet metal manufacturing facility, built in 1946
- Well‑suited for warehousing, light manufacturing, or distribution operations
- Located just minutes from the downtown Des Moines CBD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,593
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,860
$1.2M
Cap Rate 7%
$865,614
$865.6K
Cap Rate 9%
$673,256
$673.3K
Market Conditions
NOI Build-Up for 12,900 SF
Gross rent
$77.4K $6.00/SF
− Vacancy
−$6.1K −$0.47/SF
EGI
$71.3K $5.53/SF
− OpEx
−$10.7K −$0.83/SF
NOI
$60.6K $4.70/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,211,860
Cap Rate 7%
$865,614
Cap Rate 9%
$673,256
Alternative Uses
Best Use
Warehouse
$865.6K
$757.4K – $1.01M
NOI $60,593 @ 7.0% cap · market cap 4.95%
Second Best
Industrial
$755.6K
$661.2K – $881.6K
NOI $52,894 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,392 @ 7.0% cap · market cap 18.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
457
Businesses Nearby
Explore this area
Business Placement
Demographics for 50313, IA
17,723
Population
7,674
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
86%
High-School Grad
18.1 sq mi
ZIP Area
979
Density / Sq Mi
$64,077
Median Household Income
$36,284
Median Earnings
$1,077
Median Rent
$161,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Des Moines, IA
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Former sheet metal manufacturing facility suited for warehousing, light manufacturing, or distribution operations.
Where is this manufacturing property located?
The property is located at 219 New York Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $1,225,000.
What are key features of this property?
This property features: Former sheet metal manufacturing facility, built in 1946; Well‑suited for warehousing, light manufacturing, or distribution operations; Located just minutes from the downtown Des Moines CBD
