Used Car Lot with
325 & 355 NE Broadway Avenue Des Moines, IA 50313
325 & 355 NE Broadway Avenue, Des Moines, IA, 50313
$620,000
For Sale
$620,000
For sale used car lot with several garages and office buildings, offered with an optional inventory package to support a new owner.
Property Size4,474 SF
Price / SF$138.58
Days on Market508
Property Features for 325 & 355 NE Broadway Avenue
General Information
- Standard status
- Active
- Size
- 4,474 SF
- Property subtype
- General Commercial
Listing agency
RE/MAX Concepts
(515) 669-2004
Listed by
Matt Cole · License #S65168000
(515) 669-2004
Source
Xome
Added: Mar 1, 2025 Updated: Jul 22 at 1:00AM Checked: Jul 22 at 3:46AM
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 Concepts
Investment Insights
Based on property information with market context.
The property is a used car lot operation that includes several garages and multiple buildings supporting office, repair, and additional development opportunities. The seller reports having success operating from the site and indicates the option to sell some or all of the current inventory to help a new owner get started.
Access is available by appointment only, with flexible showing arrangements handled by schedule. The site is described as a well-known used car lot location.
In addition to the vehicle sales use, the existing garages and office/repiar buildings provide an on-site setup for automotive-related activities, with room for additional opportunities on the property as currently configured.
Access is available by appointment only, with flexible showing arrangements handled by schedule. The site is described as a well-known used car lot location.
In addition to the vehicle sales use, the existing garages and office/repiar buildings provide an on-site setup for automotive-related activities, with room for additional opportunities on the property as currently configured.
Key Highlights
- Used car lot offered for sale with several garages and office buildings
- MU zoning and rectangular topography on a rectangular lot
- Lot improvements include asphalt and concrete road
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.1k | $15.00 |
| − Vacancy | −$5.0k | −$1.13 |
| EGI | $62.1k | $13.88 |
| − OpEx | −$18.6k | −$4.16 |
| NOI | $43.5k | $9.71 |
4,474 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$842.1K
$736.9K – $982.5K
NOI $58,949 @ 7.0% cap · market cap 9.51%
Second Best
Retail
$620.8K
$543.2K – $724.2K
NOI $43,454 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$1.10M
$964.1K – $1.29M
NOI $77,130 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Ron's Auto Repair — 4235 NW 2nd St, Des Moines, IA 50313
- Zuko's Truck Repair — 4045 E 14th St, Des Moines, IA 50313
- JNR Auto Repair & Glass — 235 NW Aurora Ave, Des Moines, IA 50313
- P&D Auto Emergency — 235 NW Aurora Ave, Des Moines, IA 50313
- Juans AutoBody and Detailing — 4131 E 14th St, Des Moines, IA 50313
FAQs
What type of property is this?
Auto shop - For sale used car lot with several garages and office buildings, offered with an optional inventory package to support a new owner.
Where is this auto shop located?
The property is located at 325 & 355 NE Broadway Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $620,000.
What are key features of this property?
This property features: Used car lot offered for sale with several garages and office buildings; MU zoning and rectangular topography on a rectangular lot; Lot improvements include asphalt and concrete road
