Warehouse with Loading
For Sale
$695,000
3939 E 14th Street Des, Des Moines, IA 50313
Industrial warehouse with secure outdoor storage, interstate access, and MX3-V zoning for varied commercial operations.
Property Size7,839 SF
Lot Size0.60 Acres
Days on Market195
Property Features for 3939 E 14th Street Des
General Information
Standard status
Active
Size
7,839 SF
Lot size
0.60 Acres
Property subtype
Warehouse
Zoning
MX3-V
Site & Location
Highway Access
Yes
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
13.5 ft
Dock-High Doors
2
Drive-In Doors
1
Building Details
Building Size
7,839 SF
Year Built
1977
Listing Agency:
NAI Iowa Realty Commercial
(319) 331-3191
Listed By:
Chris Fultz · License ##B61913000
(319) 331-3191
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 31
Last Checked: Aug 31 at 12:23AM
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 NAI Iowa Realty Commercial
Investment Insights
Based on property information with market context.
Built in 1977, this warehouse occupies a T-shaped 0.6-acre lot and includes a secure outdoor storage area. Loading infrastructure consists of 2 docks and 1 10-foot drive-in door, while an addition provides 13' 6" of internal clear height. The property is suited to distribution, light manufacturing, and service-oriented operations.
The building is positioned at E. 14th Street and US-69, approximately 0.3 miles south of an Interstate 80 on-ramp. This placement provides direct access to the interstate system along with exposure from a major connecting route. The property carries MX3-V zoning.
The building is positioned at E. 14th Street and US-69, approximately 0.3 miles south of an Interstate 80 on-ramp. This placement provides direct access to the interstate system along with exposure from a major connecting route. The property carries MX3-V zoning.
Key Highlights
- 0.6‑acre T‑shaped lot with secure outdoor storage
- 2 docks and 1 Drive‑in (10ft)
- 13' 6" internal clear height in the addition
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
$36,821
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
5.30%
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%
$736,420
$736.4K
Cap Rate 7%
$526,014
$526.0K
Cap Rate 9%
$409,122
$409.1K
Market Conditions
NOI Build-Up for 7,839 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
$47.0K $6.00/SF
− Vacancy
−$3.7K −$0.47/SF
EGI
$43.3K $5.53/SF
− OpEx
−$6.5K −$0.83/SF
NOI
$36.8K $4.70/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
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%
$736,420
Cap Rate 7%
$526,014
Cap Rate 9%
$409,122
Alternative Uses
Best Use
Warehouse
$526.0K
$460.3K – $613.7K
NOI $36,821 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$459.2K
$401.8K – $535.7K
NOI $32,142 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,142 @ 7.0% cap · market cap 19.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
13 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
184
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
Market
Vacancy Rate% for Industrial in Des Moines, IA
Questions? Ask Rey
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Similar Off Market Nearby
- CubeSmart Self Storage — 3401 Martin Luther King Jr Pkwy, Des Moines, IA 50310
- StorageMart — 3221 Martin Luther King Jr Pkwy, Des Moines, IA 50310
- United Rentals - Storage Containers and Mobile Offices — 1817 Euclid Ave, Des Moines, IA 50313
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse with secure outdoor storage, interstate access, and MX3-V zoning for varied commercial operations.
Where is this warehouse located?
The property is located at 3939 E 14th Street Des Des Moines, IA.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: 0.6‑acre T‑shaped lot with secure outdoor storage; 2 docks and 1 Drive‑in (10ft); 13' 6" internal clear height in the addition
