Flex Space with Office-Warehouse
For Sale
$425,000
2679 Maury St, Des Moines, IA 50317
The property offers a flexible interior suited to office or warehouse use, with a separate outdoor parking area.
Property Size5,151 SF
Price / SF$82.51
Days on Market535
Property Features for 2679 Maury St
General Information
Standard status
Active
Size
5,151 SF
Property subtype
Commercial
Additional Details
Clear Height
12.5 ft
Building Details
Year Built
1973
Listing Agency:
RE/MAX Precision
Listed By:
Jonathan Musser (515) 953-8466 · License #65659000
(515) 953-8466
Source:
Desmoineshomesforsale
Added: May 6, 2025
Changed: Oct 21
Last Checked: Oct 21 at 2:20AM
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 RE/MAX Precision
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Investment Insights
Based on property information with market context.
Built in 1973, this 5,151-square-foot flex property has an interior ceiling height of 12 feet 6 inches from floor to joists. The space can accommodate office or warehouse use. An additional 22,000 square feet of outdoor area is designated for parking.
Key Highlights
- 5,151‑square‑foot flex property
- 12‑foot‑6‑inch ceiling height from floor to joists
- 22,000 square feet of outdoor parking area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,863
Cap Rate
6.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,260
$577.3K
Cap Rate 7%
$412,329
$412.3K
Cap Rate 9%
$320,700
$320.7K
Market Conditions
NOI Build-Up for 5,151 SF
Gross rent
$48.2K $9.36/SF
− Vacancy
−$3.8K −$0.74/SF
EGI
$44.4K $8.62/SF
− OpEx
−$15.5K −$3.02/SF
NOI
$28.9K $5.60/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,260
Cap Rate 7%
$412,329
Cap Rate 9%
$320,700
Alternative Uses
Best Use
Flex RnD
$412.3K
$360.8K – $481.1K
NOI $28,863 @ 7.0% cap · market cap 6.79%
Second Best
Warehouse
$345.6K
$302.4K – $403.3K
NOI $24,195 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,802 @ 7.0% cap · market cap 20.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
12 ft
Clear height
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50317, IA
37,221
Population
15,193
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
87%
High-School Grad
22.1 sq mi
ZIP Area
1,684
Density / Sq Mi
$61,569
Median Household Income
$36,641
Median Earnings
$1,079
Median Rent
$165,200
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
Frequently Asked Questions
What type of property is this?
Flex space - The property offers a flexible interior suited to office or warehouse use, with a separate outdoor parking area.
Where is this flex space located?
The property is located at 2679 Maury St Des Moines, IA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 5,151‑square‑foot flex property; 12‑foot‑6‑inch ceiling height from floor to joists; 22,000 square feet of outdoor parking area
