219 New York Avenue Des Moines, IA 50313
Former sheet metal manufacturing facility suited for warehousing, light manufacturing, or distribution operations.
Property Features for 219 New York Avenue
General Information
- Standard status
- Active
- Size
- 12,900 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1946
Listing office Cushman & Wakefield Iowa Commercial Advisors (515) 979-1454
Listing date Jul 2, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
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
Local 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 | $77.4k | $6.00 |
| − Vacancy | −$6.1k | −$0.47 |
| EGI | $71.3k | $5.53 |
| − OpEx | −$10.7k | −$0.83 |
| NOI | $60.6k | $4.70 |
