Flex Warehouse
535 SW 7th St Des Moines, IA 50309
For Sale
Contact for pricing
For-sale flex warehouse with dock-high doors, exterior signage, and fiber optic service available, plus on-site parking.
Property Size36,071 SF
Price / SF$97.03
Days on Market295
Property Features for 535 SW 7th St
General Information
Standard status
Active
Size
36,071 SF
Property subtype
FLEX_R_AND_D
Listing Agency:
CBRE
(515) 210-3050
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Oct 9, 2025
Changed: Jul 28
Last Checked: Jul 29 at 1:23PM
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 for-sale flex warehouse is positioned as a corporate headquarters with versatile space to accommodate a range of tenant needs. The property offers free parking measured at 5.4 spaces per 1,000 square feet, exterior signage, and dock-high doors. Utilities are available to be submetered if the space is demised, and Centurylink fiber optic service is available.
Located at 535 SW 7th St in Des Moines, the building is described as nestled back and insulated from the main thoroughfare while still providing convenient access. It is adjacent to multiple mass transit routes, with nearby amenities including hotels with conference facilities, restaurants, retail, medical, and the Court Avenue Entertainment District.
The building is owned and professionally managed by Hubbell Realty Company. The offering also notes potential for additional docks and drive-in doors to be installed.
Located at 535 SW 7th St in Des Moines, the building is described as nestled back and insulated from the main thoroughfare while still providing convenient access. It is adjacent to multiple mass transit routes, with nearby amenities including hotels with conference facilities, restaurants, retail, medical, and the Court Avenue Entertainment District.
The building is owned and professionally managed by Hubbell Realty Company. The offering also notes potential for additional docks and drive-in doors to be installed.
Key Highlights
- Flex warehouse with dock‑high doors and potential to add additional docks and drive‑in doors
- Centurylink fiber optic service available
- Free on‑site parking: 5.4 spaces per 1,000 SF
Financial Insights For Flex RnD
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 | $337.6k | $9.36 |
| − Vacancy | −$26.7k | −$0.74 |
| EGI | $311.0k | $8.62 |
| − OpEx | −$108.8k | −$3.02 |
| NOI | $202.1k | $5.60 |
36,071 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.89M
$2.53M – $3.37M
NOI $202,119 @ 7.0% cap · market cap 5.77%
Second Best
Warehouse
$2.42M
$2.12M – $2.82M
NOI $169,429 @ 7.0% cap · market cap 4.84%
Theoretical Best
Office A
$8.88M
$7.77M – $10.36M
NOI $621,852 @ 7.0% cap · market cap 17.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Devine Tastings by OneHandUP! — 112 11th St APT 602, Des Moines, IA 50309
Frequently Asked Questions
What type of property is this?
Flex space - For-sale flex warehouse with dock-high doors, exterior signage, and fiber optic service available, plus on-site parking.
Where is this flex space located?
The property is located at 535 SW 7th St Des Moines, IA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Flex warehouse with dock‑high doors and potential to add additional docks and drive‑in doors; Centurylink fiber optic service available; Free on‑site parking: 5.4 spaces per 1,000 SF
