Turn-Key Restaurant &
For Sale
Contact for pricing
918 East Euclid Avenue, Des Moines, IA 50316
For sale restaurant and bar with a fully equipped kitchen, bar layout, and included FF&E on a main thoroughfare.
Property Size1,944 SF
Price / SF$218.62
Days on Market116
Property Features for 918 East Euclid Avenue
General Information
Standard status
Active
Size
1,944 SF
Class
C
Total Parking Spaces
18
Property subtype
Retail, Business for Sale
Zoning
MX3
Additional Details
Furnished
Yes
Business Included
Yes
Road Access
Yes
Amenities
private parking lot
Building Details
Year Built
1938
Year Renovated
2014
Listing Agency:
Remax Concepts Commercial
Listed By:
Adam Weltha · License #S59915000
(515) 290-2417
Source:
Crexi
Added: May 19
Changed: Sep 10
Last Checked: Sep 11 at 8:00AM
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 Remax Concepts Commercial
Investment Insights
Based on property information with market context.
For sale as a combined hospitality business and the underlying commercial real estate. The property is presented as a turn-key operation, with a fully equipped commercial kitchen, functional bar layout, updated POS systems, and included Furniture, Fixtures, and Equipment (FF&E).
The business and property sit on a heavily traveled main thoroughfare with exceptional street frontage. Dedicated parking is provided via an expansive private parking lot, supporting convenient customer access during busy periods.
Public remarks also describe historically strong net profitability, healthy margins, and consistent cash flow.
The business and property sit on a heavily traveled main thoroughfare with exceptional street frontage. Dedicated parking is provided via an expansive private parking lot, supporting convenient customer access during busy periods.
Public remarks also describe historically strong net profitability, healthy margins, and consistent cash flow.
Key Highlights
- Sale includes the restaurant/bar business plus the underlying commercial real estate.
- Located on a heavily traveled main thoroughfare with street frontage for drive‑by exposure.
- Dedicated private parking lot provides customer parking access.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,025
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$460,500
$460.5K
Cap Rate 7%
$328,929
$328.9K
Cap Rate 9%
$255,833
$255.8K
Market Conditions
NOI Build-Up for 1,944 SF
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.
Gross rent
$32.7K $16.80/SF
− Vacancy
−$2.0K −$1.01/SF
EGI
$30.7K $15.79/SF
− OpEx
−$7.7K −$3.95/SF
NOI
$23.0K $11.84/SF
Area
Des Moines, IA
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$460,500
Cap Rate 7%
$328,929
Cap Rate 9%
$255,833
Alternative Uses
Best Use
Specialty Retail
$328.9K
$287.8K – $383.8K
NOI $23,025 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.8K
$418.9K – $558.6K
NOI $33,514 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 50316, IA
16,785
Population
6,002
Households
2.8
Avg Household Size
33
Median Age
13%
College-Educated
78%
High-School Grad
3.6 sq mi
ZIP Area
4,663
Density / Sq Mi
$53,090
Median Household Income
$33,994
Median Earnings
$963
Median Rent
$137,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - For sale restaurant and bar with a fully equipped kitchen, bar layout, and included FF&E on a main thoroughfare.
Where is this bar & pub located?
The property is located at 918 East Euclid Avenue Des Moines, IA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Sale includes the restaurant/bar business plus the underlying commercial real estate.; Located on a heavily traveled main thoroughfare with street frontage for drive‑by exposure.; Dedicated private parking lot provides customer parking access.
