Industrial Warehouse with Drive-In
773 NE 47th Pl Des Moines, IA 50313
773 NE 47th Pl, Des Moines, IA, 50313
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For Sale
Contact for pricing
Industrial warehouse with five 14' x 14' overhead drive-in doors, two-story office buildout, and outdoor storage.
Property Size9,600 SF
Price / SF$177.08
Days on Market100
Property Features for 773 NE 47th Pl
General Information
- Standard status
- Active
- Size
- 9,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing agency
Temple
Listed by
Dillon Temple · License #IA 65014000
Source
Crexi
Added: Apr 15 Updated: Jul 22 at 6:36PM Checked: Jul 22 at 6:36PM
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 Temple
Investment Insights
Based on property information with market context.
This 9,600 SF industrial building is situated on a 1.51-acre lot and designed for practical warehouse and light industrial use. The facility includes five (5) 14' x 14' overhead drive-in doors to support efficient loading and receiving. A two-story office buildout provides five private offices and a conference room, supporting on-site coordination and administration. Outdoor storage is also included, offering space for materials, equipment, or vehicle parking.
The property is offered for sale and is positioned to serve contractors, service users, or light industrial operations that need both warehouse capability and yard space.
The combination of multiple drive-in doors, dedicated office area, and on-site outdoor storage makes the building well-suited for businesses requiring flexible use of the yard alongside warehouse operations.
The property is offered for sale and is positioned to serve contractors, service users, or light industrial operations that need both warehouse capability and yard space.
The combination of multiple drive-in doors, dedicated office area, and on-site outdoor storage makes the building well-suited for businesses requiring flexible use of the yard alongside warehouse operations.
Key Highlights
- 9,600 SF industrial building built in 2005 on a 1.51‑acre lot
- Five (5) 14' x 14' overhead drive‑in doors for loading and vehicle access
- Two‑story office buildout with five private offices and a conference room
Local 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 | $89.9k | $9.36 |
| − Vacancy | −$7.1k | −$0.74 |
| EGI | $82.8k | $8.62 |
| − OpEx | −$29.0k | −$3.02 |
| NOI | $53.8k | $5.60 |
9,600 SF · lease $9.36/SF/yr · vacancy 7.90% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$768.5K
$672.4K – $896.5K
NOI $53,792 @ 7.0% cap · market cap 3.16%
Second Best
Warehouse
$644.2K
$563.7K – $751.5K
NOI $45,092 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,501 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Priority Excavating LLC
General Contractor
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FAQs
What type of property is this?
Flex space - Industrial warehouse with five 14' x 14' overhead drive-in doors, two-story office buildout, and outdoor storage.
Where is this flex space located?
The property is located at 773 NE 47th Pl Des Moines, IA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,600 SF industrial building built in 2005 on a 1.51‑acre lot; Five (5) 14' x 14' overhead drive‑in doors for loading and vehicle access; Two‑story office buildout with five private offices and a conference room
