Remodeled Stand-Alone
For Sale
Contact for pricing
2607 Beaver Avenue, Des Moines, IA 50310
Restaurant property with a grease trap, on-site parking, and included furniture, fixtures, and equipment.
Property Size2,566 SF
Price / SF$292.28
Days on Market59
Property Features for 2607 Beaver Avenue
General Information
Standard status
Active
Size
2,566 SF
Class
A
Total Parking Spaces
10
Property subtype
Retail
Zoning
RX1
Investment Type
Owner/User
Restaurant
Grease Trap
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Building Details
Year Built
1926
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Listing Agency:
Terrus Real Estate Group LLC
Listed By:
Tim Wirta · License #IA B57526000
(515) 314-7779
Source:
Crexi
Added: Aug 10
Changed: Oct 6
Last Checked: Oct 7 at 10:17AM
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 Terrus Real Estate Group LLC
Investment Insights
Based on property information with market context.
This stand-alone restaurant offers 2,566 square feet of space with furniture, fixtures, and equipment included in the sale. The property has been recently remodeled and includes a grease trap, supporting its existing restaurant configuration. Built in 1926, the building is zoned RX1 and includes 10 onsite parking stalls.
The property is located at 2607 Beaver Avenue in Des Moines, within the Beaverdale area. Its dedicated building format, restaurant-specific infrastructure, and on-site parking provide a defined commercial setup for continued restaurant use.
The property is located at 2607 Beaver Avenue in Des Moines, within the Beaverdale area. Its dedicated building format, restaurant-specific infrastructure, and on-site parking provide a defined commercial setup for continued restaurant use.
Key Highlights
- 2,566 SF stand‑alone restaurant building
- Recently remodeled restaurant property
- Furniture, fixtures, and equipment included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,392
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,840
$607.8K
Cap Rate 7%
$434,171
$434.2K
Cap Rate 9%
$337,689
$337.7K
Market Conditions
NOI Build-Up for 2,566 SF
Gross rent
$43.1K $16.80/SF
− Vacancy
−$2.6K −$1.01/SF
EGI
$40.5K $15.79/SF
− OpEx
−$10.1K −$3.95/SF
NOI
$30.4K $11.84/SF
Area
Des Moines, IA
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$607,840
Cap Rate 7%
$434,171
Cap Rate 9%
$337,689
Alternative Uses
Best Use
Specialty Retail
$434.2K
$379.9K – $506.5K
NOI $30,392 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$632.0K
$553.0K – $737.3K
NOI $44,237 @ 7.0% cap · market cap 5.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50310, IA
30,754
Population
14,162
Households
2.2
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
8.0 sq mi
ZIP Area
3,844
Density / Sq Mi
$74,473
Median Household Income
$46,091
Median Earnings
$1,043
Median Rent
$213,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property with a grease trap, on-site parking, and included furniture, fixtures, and equipment.
Where is this conventional restaurant located?
The property is located at 2607 Beaver Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,566 SF stand‑alone restaurant building; Recently remodeled restaurant property; Furniture, fixtures, and equipment included
