Industrial Flex Building with
5900 NW 2nd St Des Moines, IA 50313
For Sale
Contact for pricing
Two-building industrial flex property offers warehouse and office space with drive-in doors and mezzanine storage.
Property Size9,840 SF
Price / SF$101.63
Days on Market29
Property Features for 5900 NW 2nd St
General Information
Standard status
Active
Size
9,840 SF
Property subtype
INDUSTRIAL
Listing Agency:
Denny Elwell Company
(515) 314-9146
Listed By:
Blake Brown · License #S60432000
(515) 202-1944
Source:
Moodyscre
Added: Jun 30
Changed: Jul 25
Last Checked: Jul 27 at 2:02PM
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 Denny Elwell Company
Investment Insights
Based on property information with market context.
This for-sale industrial flex property includes two separate buildings totaling approximately 9,840 square feet of warehouse and office space. Building 1 offers 5,638 square feet of warehouse space with 3 drive-in doors, plus 1,052 square feet of office space with two offices and a kitchenette. Building 1 also includes a floor drain and mezzanine storage above the offices, with a lease through 10.31.27.
Building 2 includes 2,600 square feet of warehouse space with 2 drive-in doors and 550 square feet of office space, also leased through 10.31.27. The property is located minutes from Interstate 35/80 and major Des Moines transportation routes, supporting convenient employee, customer, and logistics access.
Both buildings are suited for flexible industrial operations, with dedicated office areas and warehouse access via drive-in doors.
Building 2 includes 2,600 square feet of warehouse space with 2 drive-in doors and 550 square feet of office space, also leased through 10.31.27. The property is located minutes from Interstate 35/80 and major Des Moines transportation routes, supporting convenient employee, customer, and logistics access.
Both buildings are suited for flexible industrial operations, with dedicated office areas and warehouse access via drive-in doors.
Key Highlights
- Two‑building industrial flex property with approximately 9,840 SF of flexible warehouse and office space
- Building 1 includes 5,638 SF warehouse, 3 drive‑in doors, and 1,052 SF office with 2 offices and a kitchenette
- Building 1 features mezzanine storage space above the offices and a floor drain
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 | $92.1k | $9.36 |
| − Vacancy | −$7.3k | −$0.74 |
| EGI | $84.8k | $8.62 |
| − OpEx | −$29.7k | −$3.02 |
| NOI | $55.1k | $5.60 |
9,840 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.85M
$1.62M – $2.16M
NOI $129,652 @ 7.0% cap · market cap 12.97%
Second Best
Flex RnD
$787.7K
$689.2K – $919.0K
NOI $55,137 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$2.42M
$2.12M – $2.83M
NOI $169,638 @ 7.0% cap · market cap 16.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Hy-Vee Catering — 1107 E Army Post Rd, Des Moines, IA 50315
Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial flex property offers warehouse and office space with drive-in doors and mezzanine storage.
Where is this flex space located?
The property is located at 5900 NW 2nd St Des Moines, IA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two‑building industrial flex property with approximately 9,840 SF of flexible warehouse and office space; Building 1 includes 5,638 SF warehouse, 3 drive‑in doors, and 1,052 SF office with 2 offices and a kitchenette; Building 1 features mezzanine storage space above the offices and a floor drain
