University Avenue Commercial Building For
For Sale
$550,000
4326 University Avenue Des, Des Moines, IA 50311
Commercial building with service bays, gas pumps, and billboard.
Property Size3,784 SF
Price / SF$145.35
Days on Market398
Property Features for 4326 University Avenue Des
General Information
Standard status
Active
Size
3,784 SF
Property subtype
Special Purpose / Other
Site & Location
Neighborhood
Waveland Park
Building Details
Building Size
3,784 SF
Listing Agency:
RE/MAX
Listed By:
Shane Torres · License #475187323
(515) 984-0222
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 25
Last Checked: Oct 26 at 12:40PM
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
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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.
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
Estimated NOI and Cap Rate
NOI / Yr
$44,818
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,360
$896.4K
Cap Rate 7%
$640,257
$640.3K
Cap Rate 9%
$497,978
$498.0K
Market Conditions
NOI Build-Up for 3,784 SF
Gross rent
$63.6K $16.80/SF
− Vacancy
−$3.8K −$1.01/SF
EGI
$59.8K $15.79/SF
− OpEx
−$14.9K −$3.95/SF
NOI
$44.8K $11.84/SF
Area
Des Moines, IA
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$896,360
Cap Rate 7%
$640,257
Cap Rate 9%
$497,978
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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 50311, IA
14,782
Population
7,180
Households
2.1
Avg Household Size
30
Median Age
41%
College-Educated
94%
High-School Grad
2.6 sq mi
ZIP Area
5,685
Density / Sq Mi
$63,233
Median Household Income
$35,086
Median Earnings
$1,019
Median Rent
$228,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Des Moines, IA
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
