Warehouse
For Sale
Contact for pricing
2301 Fleur Dr, Des Moines, IA 50315
Commercial facility with access from Fleur Drive and Bell Avenue.
Property Size143,832 SF
Price / SF$65.01
Days on Market474
Property Features for 2301 Fleur Dr
General Information
Standard status
Active
Size
143,832 SF
Property subtype
INDUSTRIAL
Additional Details
Road Access
Yes
Listing Agency:
NAI Iowa Realty Commercial
(515) 453-5429
Listed By:
Kevin Crowley · License #B17147000
(515) 991-7000
Source:
Moodyscre
Added: Jul 1, 2025
Changed: Oct 4
Last Checked: Oct 16 at 10:16AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The warehouse property at 2301 Fleur Dr contains 143,832 square feet. Its location places the building on the east side of Fleur Drive, with the property entrance positioned on the north side of Bell Avenue.
The site is south of Gray's Lake and offers access to downtown Des Moines, Des Moines Airport, and the south beltway. Fleur Drive and Bell Avenue provide the identified approach points for the property.
The site is south of Gray's Lake and offers access to downtown Des Moines, Des Moines Airport, and the south beltway. Fleur Drive and Bell Avenue provide the identified approach points for the property.
Key Highlights
- 143,832 square feet of warehouse space
- East side of Fleur Drive
- Entrance on the north side of Bell Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$675,593
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$13,511,860
$13.5M
Cap Rate 7%
$9,651,329
$9.7M
Cap Rate 9%
$7,506,589
$7.5M
Market Conditions
NOI Build-Up for 143,832 SF
Gross rent
$863.0K $6.00/SF
− Vacancy
−$68.2K −$0.47/SF
EGI
$794.8K $5.53/SF
− OpEx
−$119.2K −$0.83/SF
NOI
$675.6K $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%
$13,511,860
Cap Rate 7%
$9,651,329
Cap Rate 9%
$7,506,589
Alternative Uses
Best Use
Warehouse
$9.65M
$8.44M – $11.26M
NOI $675,593 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$35.42M
$31.00M – $41.33M
NOI $2,479,618 @ 7.0% cap · market cap 26.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Des Moines, IA
Similar Off Market Nearby
- Grays Lake Self Storage — 2232 George Flagg Pkwy, Des Moines, IA 50321
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial facility with access from Fleur Drive and Bell Avenue.
Where is this warehouse located?
The property is located at 2301 Fleur Dr Des Moines, IA.
What is the asking price?
The asking price for this property is $9,350,000.
What are key features of this property?
This property features: 143,832 square feet of warehouse space; East side of Fleur Drive; Entrance on the north side of Bell Avenue
