Retail Property in Capitol
521 East 14th Street Des Moines, IA 50316
For Sale
$725,000
Retail space with high visibility in Capitol East neighborhood.
Property Size3,168 SF
Price / SF$228.85
Days on Market126
Property Features for 521 East 14th Street
General Information
Standard status
Active
Size
3,168 SF
Property subtype
Retail
Listing Agency:
CBRE
(515) 745-5113
Listed By:
Grant Wright, CCIM · License #S33231000
(515) 745-5113
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Jul 28 at 4:22AM
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 For 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 | $47.5k | $15.00 |
| − Vacancy | −$3.6k | −$1.13 |
| EGI | $44.0k | $13.88 |
| − OpEx | −$13.2k | −$4.16 |
| NOI | $30.8k | $9.71 |
3,168 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$439.6K
$384.6K – $512.8K
NOI $30,769 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$780.2K
$682.7K – $910.3K
NOI $54,615 @ 7.0% cap · market cap 7.53%
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?
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 $725,000.
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
