Des Moines Industrial Space
For Sale
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2500 Dixon St, Des Moines, IA 50316
135,197 SF industrial space in Des Moines for sale.
Property Size135,197 SF
Lot Size4.94 Acres
Price / SF$65.83
Days on Market905
Property Features for 2500 Dixon St
General Information
Standard status
Active
Size
135,197 SF
Lot size
4.94 Acres
Property subtype
Industrial
Zoning
I1
Investment Type
Owner/User
Building Details
Year Built
1975
Year Renovated
2001
Listing Agency:
LOCATE Commercial Real Estate
Listed By:
Chris Thomason · License #IA B37107000
(515) 778-8188
Source:
Crexi
Added: Apr 26, 2024
Changed: Oct 1
Last Checked: Oct 16 at 6:23AM
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 LOCATE Commercial Real Estate
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Investment Insights
Based on property information with market context.
This expansive industrial space offers 135,197 square feet of versatile area. The property features a modern design and sturdy construction. It is strategically positioned in Des Moines' bustling industrial district, providing excellent connectivity to major transportation routes. The property includes a total of 23 dock doors, facilitating loading and unloading operations. Clear height is 30 feet in 30,000 square feet and 24 feet in 90,000 square feet, providing ample vertical space suitable for accommodating large equipment and machinery. The versatile layout allows for workflow and productivity optimization. Ample parking space is available for employees and visitors. The property includes 4.94 acres of land, providing expansion opportunities or additional development potential. This is an ideal investment opportunity for businesses seeking a strategic location in Des Moines' dynamic economic landscape.
Key Highlights
- Expansive 135,197 square feet of versatile industrial space.
- Excellent connectivity to major transportation routes in Des Moines' bustling industrial district.
- 23 dock doors facilitating smooth loading and unloading operations.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$635,034
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,700,680
$12.7M
Cap Rate 7%
$9,071,914
$9.1M
Cap Rate 9%
$7,055,933
$7.1M
Market Conditions
NOI Build-Up for 135,197 SF
Gross rent
$811.2K $6.00/SF
− Vacancy
−$64.1K −$0.47/SF
EGI
$747.1K $5.53/SF
− OpEx
−$112.1K −$0.83/SF
NOI
$635.0K $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%
$12,700,680
Cap Rate 7%
$9,071,914
Cap Rate 9%
$7,055,933
Alternative Uses
Best Use
Warehouse
$9.07M
$7.94M – $10.58M
NOI $635,034 @ 7.0% cap · market cap 7.14%
Second Best
Industrial
$7.92M
$6.93M – $9.24M
NOI $554,347 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$33.30M
$29.13M – $38.85M
NOI $2,330,753 @ 7.0% cap · market cap 26.19%
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
Location Intelligence
Trade Area within ½ mile
442
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50316, IA
16,785
Population
6,002
Households
2.8
Avg Household Size
33
Median Age
13%
College-Educated
78%
High-School Grad
3.6 sq mi
ZIP Area
4,663
Density / Sq Mi
$53,090
Median Household Income
$33,994
Median Earnings
$963
Median Rent
$137,300
Median Home Value
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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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- The Dickinson Vaults — 1870 E Euclid Ave, Des Moines, IA 50313
Frequently Asked Questions
What type of property is this?
Warehouse - 135,197 SF industrial space in Des Moines for sale.
Where is this warehouse located?
The property is located at 2500 Dixon St Des Moines, IA.
What is the asking price?
The asking price for this property is $8,900,000.
What are key features of this property?
This property features: Expansive 135,197 square feet of versatile industrial space.; Excellent connectivity to major transportation routes in Des Moines' bustling industrial district.; 23 dock doors facilitating smooth loading and unloading operations.
