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7640 Sw 22nd St Unit 105, Des Moines, IA 50321
Opposing overhead doors provide a continuous path for vehicles and equipment through the building.
Property Size3,418 SF
Price / SF$1.64
Days on Market16
Property Features for 7640 Sw 22nd St Unit 105
General Information
Standard status
Active
Size
3,418 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
3,000 SF
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Property Use
Warehouse
Amenities
kitchenette
facial recognition/key fob access
Building Details
Year Built
2022
Stories
2
Listing Agency:
RE/MAX Precision
Listed By:
David Welch (515) 201-4203 · License #B58831000
(716) 866-8307
Source:
Centraliowahomesearch
Added: Oct 12
Changed: Oct 27
Last Checked: Oct 26 at 3:40PM
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.
Completed in 2022, this warehouse offers 3,000 square feet on the main level and another 418 square feet upstairs, for 3,418 square feet overall. The 18-foot ceilings and overhead doors at either end support movement through the building. Interior features include heating and cooling, floor drains, two bathrooms, a kitchenette, and entry controlled by facial recognition or key fob.
The property is a couple of miles south of downtown Des Moines, with access to Highway 65 for travel across the metro.
The property is a couple of miles south of downtown Des Moines, with access to Highway 65 for travel across the metro.
Key Highlights
- 3,418 square feet total: 3,000 on the main level and 418 above
- 18‑foot ceilings and overhead doors at opposite ends
- Heated and cooled, with floor drains, two bathrooms, and a kitchenette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,055
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,100
$321.1K
Cap Rate 7%
$229,357
$229.4K
Cap Rate 9%
$178,389
$178.4K
Market Conditions
NOI Build-Up for 3,418 SF
Gross rent
$20.5K $6.00/SF
− Vacancy
−$1.6K −$0.47/SF
EGI
$18.9K $5.53/SF
− OpEx
−$2.8K −$0.83/SF
NOI
$16.1K $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%
$321,100
Cap Rate 7%
$229,357
Cap Rate 9%
$178,389
Alternative Uses
Best Use
Warehouse
$229.4K
$200.7K – $267.6K
NOI $16,055 @ 7.0% cap · market cap 286.70%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$841.8K
$736.6K – $982.1K
NOI $58,925 @ 7.0% cap · market cap 1,052.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
18 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50321, IA
7,783
Population
3,689
Households
2.1
Avg Household Size
36
Median Age
41%
College-Educated
94%
High-School Grad
11.3 sq mi
ZIP Area
689
Density / Sq Mi
$77,636
Median Household Income
$42,176
Median Earnings
$1,098
Median Rent
$294,100
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
Similar Off Market Nearby
- Signature Self Storage — 7900 SW 22nd St, Des Moines, IA 50321
- eCommerce Direct — 3440 Gannett Ave, Des Moines, IA 50321
Frequently Asked Questions
What type of property is this?
Warehouse - Opposing overhead doors provide a continuous path for vehicles and equipment through the building.
Where is this warehouse located?
The property is located at 7640 Sw 22nd St Unit 105 Des Moines, IA.
What are key features of this property?
This property features: 3,418 square feet total: 3,000 on the main level and 418 above; 18‑foot ceilings and overhead doors at opposite ends; Heated and cooled, with floor drains, two bathrooms, and a kitchenette
