Mixed-Use Zoned Redevelopment
For Sale
Contact for pricing
2740 SE 14th St, Des Moines, IA 50315
Commercial land with a 1,008 SF structure, direct ingress/egress from a major thoroughfare, and MX3-V mixed-use zoning.
Property Size1,008 SF
Lot Size1.47 Acres
Price / SF$318.35
Days on Market468
Property Features for 2740 SE 14th St
General Information
Standard status
Active
Size
1,008 SF
Lot size
1.47 Acres
Property subtype
LAND
Zoning
MX3-V Mixed Use District
Site & Location
Traffic Count
31,800 vehicles/day
Road Access
Yes
Listing Agency:
CBRE
(515) 224-4900
Listed By:
Mike Macri III
(515) 229-2313
Source:
Moodyscre
Added: Jun 2, 2025
Changed: Sep 2
Last Checked: Sep 12 at 7:30AM
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 CBRE
Investment Insights
Based on property information with market context.
Located at 2740 SE 14th St, Des Moines, IA 50315, this 1.473-acre property includes an existing 1,008 SF structure and is positioned for redevelopment. The site is described as well suited for retail, office, or service-based businesses, with MX3-V Mixed Use District zoning supporting a broad range of commercial uses.
The property offers visibility and access along SE 14th Street, listed at approximately 31,800 VPD. Ingress and egress are provided directly from SE 14th Street. Surrounding development includes nearby retail, dining, and residential projects within a growing commercial district.
For buyers or operators looking for a flexible, mixed-use zoned redevelopment site with frontage on a high-traffic corridor and an on-site structure, this offering provides a straightforward starting point.
The property offers visibility and access along SE 14th Street, listed at approximately 31,800 VPD. Ingress and egress are provided directly from SE 14th Street. Surrounding development includes nearby retail, dining, and residential projects within a growing commercial district.
For buyers or operators looking for a flexible, mixed-use zoned redevelopment site with frontage on a high-traffic corridor and an on-site structure, this offering provides a straightforward starting point.
Key Highlights
- 1.473‑acre commercial property on SE 14th Street with 31,800 VPD traffic count
- Direct ingress and egress from SE 14th Street
- Includes a 1,008 SF structure on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,790
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$195,800
$195.8K
Cap Rate 7%
$139,857
$139.9K
Cap Rate 9%
$108,778
$108.8K
Market Conditions
NOI Build-Up for 1,008 SF
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.
Gross rent
$15.1K $15.00/SF
− Vacancy
−$1.1K −$1.13/SF
EGI
$14.0K $13.88/SF
− OpEx
−$4.2K −$4.16/SF
NOI
$9.8K $9.71/SF
Area
Des Moines, IA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$195,800
Cap Rate 7%
$139,857
Cap Rate 9%
$108,778
Alternative Uses
Best Use
Retail
$139.9K
$122.4K – $163.2K
NOI $9,790 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$248.3K
$217.2K – $289.6K
NOI $17,378 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
31,800 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
397
Businesses Nearby
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 Retail in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Commercial land with a 1,008 SF structure, direct ingress/egress from a major thoroughfare, and MX3-V mixed-use zoning.
Where is this commercial land located?
The property is located at 2740 SE 14th St Des Moines, IA.
What is the asking price?
The asking price for this property is $320,900.
What are key features of this property?
This property features: 1.473‑acre commercial property on SE 14th Street with 31,800 VPD traffic count; Direct ingress and egress from SE 14th Street; Includes a 1,008 SF structure on‑site
