Des Moines Flex/Industrial
For Sale
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400 Southwest 8th Street, Des Moines, IA 50309
Flex/Industrial property available for sale in Des Moines, Iowa.
Property Size16,047 SF
Price / SF$0.00
Days on Market217
Property Features for 400 Southwest 8th Street
General Information
Standard status
Active
Size
16,047 SF
Property subtype
FlexIndustrial
Site & Location
Neighborhood
Downtown Des Moines
Listing Agency:
CBRE
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Cbre
Added: Apr 1
Changed: Oct 25
Last Checked: Nov 1 at 3:32AM
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 CBRE
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property, suitable for flex space or industrial use, is located in Des Moines, Iowa. The property is available for sale.
Key Highlights
- Flex/Industrial property available for sale.
- Located in Des Moines, Iowa.
- Built in 1999.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,797
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,315,940
$1.3M
Cap Rate 7%
$939,957
$940.0K
Cap Rate 9%
$731,078
$731.1K
Market Conditions
NOI Build-Up for 16,047 SF
Gross rent
$102.1K $6.36/SF
− Vacancy
−$8.1K −$0.50/SF
EGI
$94.0K $5.86/SF
− OpEx
−$28.2K −$1.76/SF
NOI
$65.8K $4.10/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,315,940
Cap Rate 7%
$939,957
Cap Rate 9%
$731,078
Alternative Uses
Best Use
Flex RnD
$1.28M
$1.12M – $1.50M
NOI $89,917 @ 7.0% cap · market cap 1,057,847.06%
Second Best
Industrial
$940.0K
$822.5K – $1.10M
NOI $65,797 @ 7.0% cap · market cap 774,082.35%
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,645 @ 7.0% cap · market cap 3,254,647.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,802
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50309, IA
9,532
Population
7,562
Households
1.3
Avg Household Size
30
Median Age
67%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
3,530
Density / Sq Mi
$57,974
Median Household Income
$52,775
Median Earnings
$1,166
Median Rent
$286,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Des Moines, IA
Similar Off Market Nearby
- Devine Tastings by OneHandUP! — 112 11th St APT 602, Des Moines, IA 50309
Frequently Asked Questions
What type of property is this?
Flex space - Flex/Industrial property available for sale in Des Moines, Iowa.
Where is this flex space located?
The property is located at 400 Southwest 8th Street Des Moines, IA.
What are key features of this property?
This property features: Flex/Industrial property available for sale.; Located in Des Moines, Iowa.; Built in 1999.
