Automotive Property With Attached
For Sale
$849,000
4106 14th, Des Moines, IA 50313
Finished office, gated access, and a surfaced lot support automotive uses.
Property Size2,568 SF
Price / SF$330.61
Days on Market12
Property Features for 4106 14th
General Information
Standard status
Active
Size
2,568 SF
Property subtype
General Commercial
Taxes and HOA fees
Annual Taxes
$8,316
Amenities
fully finished office
kitchen
bath
walk-in entrance to attached shop & storage area
gated driveway
surfaced lot
3
1 Parking Spaces.
.624 acre
Building Details
Year Built
1948
Listing Agency:
Van Metre Iowa Realty
(641) 751-0510
Listed By:
Jay Hansen · License #***
(641) 751-0510
Source:
Xome
Added: Jul 30
Changed: Aug 10
Last Checked: Aug 10 at 2:43AM
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 Van Metre Iowa Realty
Investment Insights
Based on property information with market context.
This automotive property combines a finished office with a kitchen, bathroom, and walk-in connection to an attached shop and storage area. The site is surfaced throughout, and a gated driveway controls access. The property is currently occupied by Snappy’s Trailer Sales, with car lot or dealership use identified as an additional possibility. The parcel contains .624 acre and includes one parking space. Built in 1948, the property is located at 4106 14th, Des Moines, IA 50313. The business may be purchased separately from the real estate.
Key Highlights
- Finished office includes a kitchen and bathroom
- Walk‑in connection to attached shop and storage area
- Surfaced lot with gated driveway
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
$33,836
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
3.99%
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%
$676,720
$676.7K
Cap Rate 7%
$483,371
$483.4K
Cap Rate 9%
$375,956
$376.0K
Market Conditions
NOI Build-Up for 2,568 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
$56.4K $21.96/SF
− Vacancy
−$11.3K −$4.39/SF
EGI
$45.1K $17.57/SF
− OpEx
−$11.3K −$4.39/SF
NOI
$33.8K $13.18/SF
Area
Des Moines, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$676,720
Cap Rate 7%
$483,371
Cap Rate 9%
$375,956
Alternative Uses
Best Use
Office B
$483.4K
$423.0K – $563.9K
NOI $33,836 @ 7.0% cap · market cap 3.99%
Second Best
Retail
$356.3K
$311.8K – $415.7K
NOI $24,942 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$632.4K
$553.4K – $737.9K
NOI $44,271 @ 7.0% cap · market cap 5.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
Well-served
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 Office in Des Moines, IA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Automotive property - Finished office, gated access, and a surfaced lot support automotive uses.
Where is this automotive property located?
The property is located at 4106 14th Des Moines, IA.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Finished office includes a kitchen and bathroom; Walk‑in connection to attached shop and storage area; Surfaced lot with gated driveway
