Small Bay Office/Warehouse
600 SW 7th St Des Moines, IA 50309
For Sale
Contact for pricing
Small-bay office/warehouse building in Riverpoint Business Park with free surface parking and nearby DART transit access.
Property Size229,164 SF
Lot Size14.08 Acres
Price / SF$67.53
Days on Market148
Property Features for 600 SW 7th St
General Information
Standard status
Active
Size
229,164 SF
Lot size
14.08 Acres
Property subtype
INDUSTRIAL
Listing Agency:
CBRE
(515) 210-3050
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Moodyscre
Added: Mar 4
Changed: Jul 25
Last Checked: Jul 29 at 2:51PM
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 offering includes a small-bay office/warehouse building located within Riverpoint Business Park. The building is part of a four-property portfolio that also includes three additional small-bay office/warehouse buildings, and the Seller will evaluate proposals for select individual assets or logical multi-building combinations.
Riverpoint Business Park is positioned on the south end of Des Moines’ Central Business District. Tenants at the park benefit from free, surface-level parking and immediate accessibility to the Des Moines Regional Transit Authority (DART) mass transit system.
The building totals 52,643 square feet as part of the Riverpoint Business Park portfolio package.
Riverpoint Business Park is positioned on the south end of Des Moines’ Central Business District. Tenants at the park benefit from free, surface-level parking and immediate accessibility to the Des Moines Regional Transit Authority (DART) mass transit system.
The building totals 52,643 square feet as part of the Riverpoint Business Park portfolio package.
Key Highlights
- Portfolio of four small‑bay office/warehouse buildings in Riverpoint Business Park
- Total portfolio size: 189,084 RSF across 14.078 acres
- Tenant‑accessible addresses included: 600 SW 7th St (52,643 SF), 501 SW 7th St (50,980 SF), 601 SW 9th St (49,390 SF), and 535 SW 7th St (36,071 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 | $2.14M | $9.36 |
| − Vacancy | −$169.5k | −$0.74 |
| EGI | $1.98M | $8.62 |
| − OpEx | −$691.4k | −$3.02 |
| NOI | $1.28M | $5.60 |
229,164 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$18.34M
$16.05M – $21.40M
NOI $1,284,089 @ 7.0% cap · market cap 8.30%
Second Best
Warehouse
$15.38M
$13.46M – $17.94M
NOI $1,076,406 @ 7.0% cap · market cap 6.96%
Theoretical Best
Office A
$56.44M
$49.38M – $65.85M
NOI $3,950,714 @ 7.0% cap · market cap 25.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- The Tangerine Food Company — 900 Keosauqua Way #131, Des Moines, IA 50309
- Devine Tastings by OneHandUP! — 112 11th St APT 602, Des Moines, IA 50309
- Iowa’s Premier Beer, Wine & Food Expo — 713 3rd St, Des Moines, IA 50309
Frequently Asked Questions
What type of property is this?
Flex space - Small-bay office/warehouse building in Riverpoint Business Park with free surface parking and nearby DART transit access.
Where is this flex space located?
The property is located at 600 SW 7th St Des Moines, IA.
What is the asking price?
The asking price for this property is $15,475,954.
What are key features of this property?
This property features: Portfolio of four small‑bay office/warehouse buildings in Riverpoint Business Park; Total portfolio size: 189,084 RSF across 14.078 acres; Tenant‑accessible addresses included: 600 SW 7th St (52,643 SF), 501 SW 7th St (50,980 SF), 601 SW 9th St (49,390 SF), and 535 SW 7th St (36,071 SF)
