Caliber Collision Auto
For Sale
Contact for pricing
3297 NW Prairie Ln, Des Moines, IA 50313
A 2019-built automotive facility occupied under a corporate-guaranteed NNN lease.
Property Size12,600 SF
Price / SF$185.35
Days on Market111
Property Features for 3297 NW Prairie Ln
General Information
Standard status
Active
Size
12,600 SF
Property subtype
Retail
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$151,800
Building Details
Year Built
2019
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Cade Norland · License #02120126
Source:
Crexi
Added: May 12
Changed: Aug 30
Last Checked: Aug 30 at 4:49AM
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 Matthews
Investment Insights
Based on property information with market context.
This 12,600-square-foot auto shop was constructed in 2019 and is leased to Caliber Collision under a corporate-guaranteed NNN lease. The property offers a single-purpose automotive setting suited to its established occupant.
The facility is located at 3297 NW Prairie Ln in Des Moines, Iowa, within the Des Moines metro area. Its documented lease structure and dedicated automotive use provide the key operating characteristics for evaluating the asset.
The facility is located at 3297 NW Prairie Ln in Des Moines, Iowa, within the Des Moines metro area. Its documented lease structure and dedicated automotive use provide the key operating characteristics for evaluating the asset.
Key Highlights
- 12,600‑square‑foot automotive facility
- Built in 2019
- Caliber Collision occupancy
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
$122,377
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
5.24%
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%
$2,447,540
$2.4M
Cap Rate 7%
$1,748,243
$1.7M
Cap Rate 9%
$1,359,744
$1.4M
Market Conditions
NOI Build-Up for 12,600 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
$189.0K $15.00/SF
− Vacancy
−$14.2K −$1.13/SF
EGI
$174.8K $13.88/SF
− OpEx
−$52.4K −$4.16/SF
NOI
$122.4K $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%
$2,447,540
Cap Rate 7%
$1,748,243
Cap Rate 9%
$1,359,744
Alternative Uses
Best Use
Retail
$1.75M
$1.53M – $2.04M
NOI $122,377 @ 7.0% cap · market cap 5.24%
Second Best
Industrial
$738.1K
$645.8K – $861.1K
NOI $51,664 @ 7.0% cap · market cap 2.21%
Theoretical Best
Office A
$3.10M
$2.72M – $3.62M
NOI $217,220 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Saylorville #2
Shops & Services
9,820 visits/mo
0.5 miles
Storage Rentals of America
Shops & Services
1,090 visits/mo
0.0 miles
Caliber Collision
Shops & Services
246 visits/mo
0.1 miles
Demographics for 50313, IA
17,723
Population
7,674
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
86%
High-School Grad
18.1 sq mi
ZIP Area
979
Density / Sq Mi
$64,077
Median Household Income
$36,284
Median Earnings
$1,077
Median Rent
$161,800
Median Home Value
Market
Vacancy Rate% for Retail in Des Moines, IA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Caliber Collision — 3297 NW Prairie Ln, Des Moines, IA 50313
Frequently Asked Questions
What type of property is this?
Auto shop - A 2019-built automotive facility occupied under a corporate-guaranteed NNN lease.
Where is this auto shop located?
The property is located at 3297 NW Prairie Ln Des Moines, IA.
What is the asking price?
The asking price for this property is $2,335,384.
What are key features of this property?
This property features: 12,600‑square‑foot automotive facility; Built in 2019; Caliber Collision occupancy
