Industrial Flex Building with
700 New York Avenue, Des Moines, IA 50313
For Sale
$4,200,000
Renovated commercial facility with docks, drive-in access, crane system, and secured outdoor storage.
Property Size36,430 SF
Lot Size2.06 Acres
Price / SF$115.29
Days on Market95
Property Features for 700 New York Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Outdoor Storage
Warehouse & Industrial
Clear Height
Dock-High Doors
Drive-In Doors
Power
Three-Phase Power
Additional Details
Asking Price
Building Details
Building Size
Year Built
Year Renovated
Buildings
Listing Agency:
SVN Create
Listed By:
Nora Walsh · License IA S66842000
(847) 431-6672
Source:
Svn
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 4:41AM
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 SVN Create
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Investment Insights
Based on property information with market context.
The property is a 36,430 SF industrial flex building on a 2.064-acre site. Renovated in 2018, the facility offers 14'–22' clear heights, 600-amp three-phase power, three dock positions, and six drive-in bays. A crane system and secured outdoor storage add functional capacity for industrial operations.
A tenant currently occupies part of the building under an NNN arrangement extending through 2030. The current owner/occupier may lease back additional space for a short transition period of 6 months to a year. The property is located at 700 New York Avenue in Des Moines, Iowa, within a neighborhood identified as undergoing reinvestment.
A tenant currently occupies part of the building under an NNN arrangement extending through 2030. The current owner/occupier may lease back additional space for a short transition period of 6 months to a year. The property is located at 700 New York Avenue in Des Moines, Iowa, within a neighborhood identified as undergoing reinvestment.
Key Highlights
- 36,430 SF industrial flex building on a 2.064‑acre site
- Renovated in 2018 with 14'–22' clear heights
- 600‑amp three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,131
Cap Rate
4.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,082,620
$4.1M
Cap Rate 7%
$2,916,157
$2.9M
Cap Rate 9%
$2,268,122
$2.3M
Market Conditions
NOI Build-Up for 36,430 SF
Gross rent
$341.0K $9.36/SF
− Vacancy
−$26.9K −$0.74/SF
EGI
$314.0K $8.62/SF
− OpEx
−$109.9K −$3.02/SF
NOI
$204.1K $5.60/SF
Area
Des Moines, IA
Vacancy
7.90%
Lease Rate
$9.36 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,082,620
Cap Rate 7%
$2,916,157
Cap Rate 9%
$2,268,122
Alternative Uses
Best Use
Flex RnD
$2.92M
$2.55M – $3.40M
NOI $204,131 @ 7.0% cap · market cap 4.86%
Second Best
Warehouse
$2.44M
$2.14M – $2.85M
NOI $171,115 @ 7.0% cap · market cap 4.07%
Theoretical Best
Office A
$8.97M
$7.85M – $10.47M
NOI $628,042 @ 7.0% cap · market cap 14.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
22 ft
Clear height
3
Dock-high doors
6
Drive-in doors
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
$161,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Des Moines, IA
Properties on Market for Flex space in Des Moines
Vacancy Rate% for Industrial in Des Moines, IA
Frequently Asked Questions
What type of property is this?
Flex space - Renovated commercial facility with docks, drive-in access, crane system, and secured outdoor storage.
Where is this flex space located?
The property is located at 700 New York Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 36,430 SF industrial flex building on a 2.064‑acre site; Renovated in 2018 with 14'–22' clear heights; 600‑amp three‑phase power
