Retail Property in Capitol
For Sale
$569,124
521 East 14th Street, Des Moines, IA 50316
Retail space with high visibility in Capitol East neighborhood.
Property Size3,168 SF
Price / SF$179.65
Days on Market203
Property Features for 521 East 14th Street
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Retail
Listing Agency:
CBRE
Listed By:
Grant Wright, CCIM
(515) 745-5113
Source:
Cbre
Added: Mar 25
Changed: Oct 7
Last Checked: Oct 12 at 5:45PM
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
Investment Insights
Based on property information with market context.
This retail property is located in the Capitol East neighborhood. The property has high visibility and accessibility. Tenants include Wingstop, occupying 1,800 square feet, and Puff Puff Pass Vape Shop, occupying 1,368 square feet. The weighted average lease term remaining is 2.8 years. Traffic count on East 14th Street is 21,800 vehicles per day. Pylon signage is available for tenants. The property size is 3,168 square feet.
Key Highlights
- Prime location with high visibility and accessibility
- Located in the Capitol East neighborhood
- Tenants include Wingstop and Puff Puff Pass Vape Shop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,769
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,380
$615.4K
Cap Rate 7%
$439,557
$439.6K
Cap Rate 9%
$341,878
$341.9K
Market Conditions
NOI Build-Up for 3,168 SF
Gross rent
$47.5K $15.00/SF
− Vacancy
−$3.6K −$1.13/SF
EGI
$44.0K $13.88/SF
− OpEx
−$13.2K −$4.16/SF
NOI
$30.8K $9.71/SF
Area
Des Moines, IA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$615,380
Cap Rate 7%
$439,557
Cap Rate 9%
$341,878
Alternative Uses
Best Use
Retail
$439.6K
$384.6K – $512.8K
NOI $30,769 @ 7.0% cap · market cap 5.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.2K
$682.7K – $910.3K
NOI $54,615 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 50316, IA
16,785
Population
6,002
Households
2.8
Avg Household Size
33
Median Age
13%
College-Educated
78%
High-School Grad
3.6 sq mi
ZIP Area
4,663
Density / Sq Mi
$53,090
Median Household Income
$33,994
Median Earnings
$963
Median Rent
$137,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Des Moines, IA
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility in Capitol East neighborhood.
Where is this retail space located?
The property is located at 521 East 14th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $569,124.
What are key features of this property?
This property features: Prime location with high visibility and accessibility; Located in the Capitol East neighborhood; Tenants include Wingstop and Puff Puff Pass Vape Shop
