Retail Space Near Army Post
For Sale
$499,900
6301 SW 9th Street, Des Moines, IA 50315
A nearly 4,000-square-foot commercial space sits just north of Army Post Road on SW 9th Street.
Property Size4,000 SF
Price / SF$124.98
Days on Market22
Property Features for 6301 SW 9th Street
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Retail
Site & Location
Neighborhood
Fort Des Moines
Building Details
Year Built
1949
Listing Agency:
RE/MAX Precision
(515) 223-9492
Listed By:
Bonnie Christensen · License #B57144
(515) 971-9973
Source:
Prometrorealty
Added: Oct 13
Changed: Nov 1
Last Checked: Nov 1 at 4:04PM
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 RE/MAX Precision
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Investment Insights
Based on property information with market context.
This retail space at 6301 SW 9th Street offers nearly 4,000 square feet in a building constructed in 1949.
The property is on SW 9th Street, just north of Army Post Road, in Des Moines. Its location along this corridor provides exposure to passing traffic.
The property is on SW 9th Street, just north of Army Post Road, in Des Moines. Its location along this corridor provides exposure to passing traffic.
Key Highlights
- Nearly 4,000 square feet of retail space
- Built in 1949
- On SW 9th Street, just north of Army Post Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,850
Cap Rate
7.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,000
$777.0K
Cap Rate 7%
$555,000
$555.0K
Cap Rate 9%
$431,667
$431.7K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$60.0K $15.00/SF
− Vacancy
−$4.5K −$1.13/SF
EGI
$55.5K $13.88/SF
− OpEx
−$16.7K −$4.16/SF
NOI
$38.9K $9.71/SF
Area
Des Moines, IA
Vacancy
7.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$777,000
Cap Rate 7%
$555,000
Cap Rate 9%
$431,667
Alternative Uses
Best Use
Retail
$555.0K
$485.6K – $647.5K
NOI $38,850 @ 7.0% cap · market cap 7.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$985.1K
$862.0K – $1.15M
NOI $68,959 @ 7.0% cap · market cap 13.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
499
Businesses Nearby
Explore this area
Business Placement
Demographics for 50315, IA
36,693
Population
16,579
Households
2.2
Avg Household Size
36
Median Age
18%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
3,562
Density / Sq Mi
$62,036
Median Household Income
$41,311
Median Earnings
$977
Median Rent
$164,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Retail space - A nearly 4,000-square-foot commercial space sits just north of Army Post Road on SW 9th Street.
Where is this retail space located?
The property is located at 6301 SW 9th Street Des Moines, IA.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Nearly 4,000 square feet of retail space; Built in 1949; On SW 9th Street, just north of Army Post Road
