University Avenue Commercial Building For
4326 University Avenue Des Des Moines, IA 50311
For Sale
$550,000
Commercial building with service bays, gas pumps, and billboard.
Property Size3,784 SF
Price / SF$145.35
Days on Market307
Property Features for 4326 University Avenue Des
General Information
Standard status
Active
Size
3,784 SF
Property subtype
Special Purpose / Other
Listing Agency:
RE/MAX
(515) 984-0222
Listed By:
Shane Torres · License #B59979000
(515) 984-0222
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Jul 6
Last Checked: Jul 28 at 3:03AM
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 RE/MAX
Investment Insights
Based on property information with market context.
Located on University Avenue, this commercial property features a building with five service bays and two gas pumps. A high-visibility billboard is also situated on the property, generating annual income. The property size is 3784 square feet.
Key Highlights
- High‑visibility billboard generating strong annual income
- Prominent commercial building on busy University Avenue
- Features five service bays
Financial Insights For Specialty Retail
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 | $63.6k | $16.80 |
| − Vacancy | −$3.8k | −$1.01 |
| EGI | $59.8k | $15.79 |
| − OpEx | −$14.9k | −$3.95 |
| NOI | $44.8k | $11.84 |
3,784 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$640.3K
$560.2K – $747.0K
NOI $44,818 @ 7.0% cap · market cap 8.15%
Second Best
Retail
$525.0K
$459.4K – $612.5K
NOI $36,752 @ 7.0% cap · market cap 6.68%
Theoretical Best
Office A
$931.9K
$815.4K – $1.09M
NOI $65,235 @ 7.0% cap · market cap 11.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Gas station - Commercial building with service bays, gas pumps, and billboard.
Where is this gas station located?
The property is located at 4326 University Avenue Des Des Moines, IA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: High‑visibility billboard generating strong annual income; Prominent commercial building on busy University Avenue; Features five service bays
