Industrial Shop with Drive-In
For Sale
Contact for pricing
3839 Delaware Ave, Des Moines, IA 50313
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 Market229
Property Features for 3839 Delaware Ave
General Information
Standard status
Active
Size
5,817 SF
Property subtype
INDUSTRIAL
Zoning
M-1
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Drive-In Doors
1
Power
400 amps
Voltage
220 V
Heavy Power
Yes
Additional Details
Asking Price
$875,000
Amenities
Kitchenette
Building Details
Building Size
5,817 SF
Listing Agency:
KW Commercial
(515) 771-3299
Listed By:
Mick Grossman · License #IA S43534000
(712) 299-2399
Source:
Moodyscre
Added: Mar 19
Changed: Oct 25
Last Checked: Nov 1 at 8:46AM
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 KW Commercial
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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
Estimated NOI and Cap Rate
NOI / Yr
$32,595
Cap Rate
3.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$651,900
$651.9K
Cap Rate 7%
$465,643
$465.6K
Cap Rate 9%
$362,167
$362.2K
Market Conditions
NOI Build-Up for 5,817 SF
Gross rent
$54.4K $9.36/SF
− Vacancy
−$4.3K −$0.74/SF
EGI
$50.1K $8.62/SF
− OpEx
−$17.6K −$3.02/SF
NOI
$32.6K $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%
$651,900
Cap Rate 7%
$465,643
Cap Rate 9%
$362,167
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Des Moines, IA
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
