Industrial Warehouse with Shop
For Sale
$2,000,000
6212 Ne 14th St, Des Moines, IA 50313
Two buildings provide warehouse, office, and shop areas on a light-industrial site.
Property Size20,580 SF
Lot Size7.99 Acres
Price / SF$97.18
Days on Market20
Property Features for 6212 Ne 14th St
General Information
Standard status
Active
Size
20,580 SF
Lot size
7.99 Acres
Property subtype
Commercial
Zoning
LI
Site & Location
Neighborhood
Watrous South
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Office Build-Out
2,130 SF
Building Details
Year Built
1956
Buildings
2
Listing Agency:
Real Broker, LLC
Listed By:
Chassi Prado (515) 321-4830
(515) 201-3002
Source:
Centraliowahomesearch
Added: Oct 11
Changed: Oct 28
Last Checked: Oct 28 at 3:47PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
The property comprises two industrial buildings totaling ±11,980 SF on ±7.99 acres. One is a 7,000 SF steel-frame warehouse with 17-foot walls, an insulated metal gable roof, and three 14-foot overhead doors. The second building contains 2,130 SF of office space and 2,850 SF of shop area within 4,980 SF.
The site fronts NE 14th Street (US-69) in Des Moines and has access to the I-35/I-80 interchange. LI (Light Industrial) zoning applies. The relatively low building coverage leaves room for truck parking, outdoor storage, or potential expansion.
The site fronts NE 14th Street (US-69) in Des Moines and has access to the I-35/I-80 interchange. LI (Light Industrial) zoning applies. The relatively low building coverage leaves room for truck parking, outdoor storage, or potential expansion.
Key Highlights
- Two buildings totaling ±11,980 SF on ±7.99 acres
- Building 1: ±7,000 SF; 40' x 175'; steel‑frame construction with 17' walls
- Three 14' overhead doors and an insulated metal gable roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,666
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,933,320
$1.9M
Cap Rate 7%
$1,380,943
$1.4M
Cap Rate 9%
$1,074,067
$1.1M
Market Conditions
NOI Build-Up for 20,580 SF
Gross rent
$123.5K $6.00/SF
− Vacancy
−$9.8K −$0.47/SF
EGI
$113.7K $5.53/SF
− OpEx
−$17.1K −$0.83/SF
NOI
$96.7K $4.70/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,933,320
Cap Rate 7%
$1,380,943
Cap Rate 9%
$1,074,067
Alternative Uses
Best Use
Warehouse
$1.38M
$1.21M – $1.61M
NOI $96,666 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$1.21M
$1.05M – $1.41M
NOI $84,384 @ 7.0% cap · market cap 4.22%
Theoretical Best
Office A
$5.07M
$4.43M – $5.91M
NOI $354,793 @ 7.0% cap · market cap 17.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
456
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 50313, IA
17,723
Population
7,674
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
86%
High-School Grad
18.1 sq mi
ZIP Area
979
Density / Sq Mi
$64,077
Median Household Income
$36,284
Median Earnings
$1,077
Median Rent
$161,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Warehouse - Two buildings provide warehouse, office, and shop areas on a light-industrial site.
Where is this warehouse located?
The property is located at 6212 Ne 14th St Des Moines, IA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Two buildings totaling ±11,980 SF on ±7.99 acres; Building 1: ±7,000 SF; 40' x 175'; steel‑frame construction with 17' walls; Three 14' overhead doors and an insulated metal gable roof
