Industrial Shop with Drive-In
3839 Delaware Ave Des Moines, IA 50313
For Sale
Contact for pricing
Industrial shop zoned M-1 with heavy power, fenced outdoor storage, and two large open shop areas.
Property Size5,817 SF
Price / SF$150.42
Days on Market134
Property Features for 3839 Delaware Ave
General Information
Standard status
Active
Size
5,817 SF
Property subtype
INDUSTRIAL
Listing Agency:
KW Commercial
(515) 771-3299
Listed By:
Mick Grossman · License #S43534000
Source:
Moodyscre
Added: Mar 19
Changed: Jul 29
Last Checked: Jul 29 at 5:39PM
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
Investment Insights
Based on property information with market context.
Industrial shop totaling 5,817 SF with M-1 zoning, offering two large open shop areas suited for a range of industrial and light manufacturing uses. The building includes a 14’ drive-in door, floor drains, and existing air lines to support shop operations.
The property is equipped with 400 Amp / 220 Volt heavy power and includes three offices, three restrooms, and a kitchenette. A fenced outdoor storage area adds practical staging and materials storage for day-to-day work.
Access to I-35/80 is identified as a key feature, supporting convenient connectivity for service, deliveries, and employee commutes.
The property is equipped with 400 Amp / 220 Volt heavy power and includes three offices, three restrooms, and a kitchenette. A fenced outdoor storage area adds practical staging and materials storage for day-to-day work.
Access to I-35/80 is identified as a key feature, supporting convenient connectivity for service, deliveries, and employee commutes.
Key Highlights
- 5,817 SF industrial shop with M‑1 zoning
- 14’ drive‑in door plus two large open shop areas
- 400 Amp / 220 Volt heavy power
Financial Insights For Flex RnD
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 | $54.4k | $9.36 |
| − Vacancy | −$4.3k | −$0.74 |
| EGI | $50.1k | $8.62 |
| − OpEx | −$17.6k | −$3.02 |
| NOI | $32.6k | $5.60 |
5,817 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$465.6K
$407.4K – $543.3K
NOI $32,595 @ 7.0% cap · market cap 3.73%
Second Best
Industrial
$340.7K
$298.1K – $397.5K
NOI $23,851 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $100,283 @ 7.0% cap · market cap 11.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Hy-Vee Catering — 2540 E Euclid Ave, Des Moines, IA 50317
Frequently Asked Questions
What type of property is this?
Flex space - Industrial shop zoned M-1 with heavy power, fenced outdoor storage, and two large open shop areas.
Where is this flex space located?
The property is located at 3839 Delaware Ave Des Moines, IA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 5,817 SF industrial shop with M‑1 zoning; 14’ drive‑in door plus two large open shop areas; 400 Amp / 220 Volt heavy power
