Flex Space with Office and
For Sale
Contact for pricing
3121 SE 14th St, Des Moines, IA 50320
Five-parcel commercial property combines finished administrative area with substantial warehouse capacity.
Property Size12,400 SF
Lot Size1.52 Acres
Price / SF$74.60
Days on Market59
Property Features for 3121 SE 14th St
General Information
Standard status
Active
Size
12,400 SF
Lot size
1.52 Acres
Property subtype
Office, Industrial
Lease Type
NNN
Warehouse & Industrial
Warehouse Space
10,590 SF
Office Build-Out
1,810 SF
Building Details
Buildings
1
Tenancy
Single
Building Size
12,400 SF
Listing Agency:
KW Commercial Greater Des Moines
Listed By:
Mick Grossman · License #IA S43534000
(515) 334-4900
Source:
Crexi
Added: Aug 19
Changed: Oct 8
Last Checked: Oct 16 at 9:30AM
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 KW Commercial Greater Des Moines
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Investment Insights
Based on property information with market context.
This flex property contains 12,400 square feet across five parcels totaling 1.52 acres. The improvements are divided between an 1,810-square-foot office component and 10,590 square feet of warehouse area, creating a substantial combination of administrative and operational space. The office includes a finished basement, adding usable interior area within the office portion.
The property is located at 3121 SE 14th St in Des Moines, Iowa. Its blend of office and warehouse improvements provides a clearly defined commercial configuration for users seeking both work areas and storage or operational space in one property.
The property is located at 3121 SE 14th St in Des Moines, Iowa. Its blend of office and warehouse improvements provides a clearly defined commercial configuration for users seeking both work areas and storage or operational space in one property.
Key Highlights
- 12,400 SF of total office and warehouse improvements
- 1.52 total acres spanning five parcels
- 10,590 SF warehouse component
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,482
Cap Rate
7.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,389,640
$1.4M
Cap Rate 7%
$992,600
$992.6K
Cap Rate 9%
$772,022
$772.0K
Market Conditions
NOI Build-Up for 12,400 SF
Gross rent
$116.1K $9.36/SF
− Vacancy
−$9.2K −$0.74/SF
EGI
$106.9K $8.62/SF
− OpEx
−$37.4K −$3.02/SF
NOI
$69.5K $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%
$1,389,640
Cap Rate 7%
$992,600
Cap Rate 9%
$772,022
Alternative Uses
Best Use
Office B
$2.33M
$2.04M – $2.72M
NOI $163,382 @ 7.0% cap · market cap 17.66%
Second Best
Flex RnD
$992.6K
$868.5K – $1.16M
NOI $69,482 @ 7.0% cap · market cap 7.51%
Theoretical Best
Office A
$3.05M
$2.67M – $3.56M
NOI $213,772 @ 7.0% cap · market cap 23.11%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50320, IA
23,369
Population
9,317
Households
2.5
Avg Household Size
34
Median Age
24%
College-Educated
86%
High-School Grad
16.8 sq mi
ZIP Area
1,391
Density / Sq Mi
$83,710
Median Household Income
$44,418
Median Earnings
$1,110
Median Rent
$207,700
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 Office in Des Moines, IA
Similar Off Market Nearby
- Hy-Vee Catering — 3221 SE 14th St, Des Moines, IA 50320
Frequently Asked Questions
What type of property is this?
Flex space - Five-parcel commercial property combines finished administrative area with substantial warehouse capacity.
Where is this flex space located?
The property is located at 3121 SE 14th St Des Moines, IA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 12,400 SF of total office and warehouse improvements; 1.52 total acres spanning five parcels; 10,590 SF warehouse component
