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    4950 29Th St Des Moines, IA 50317

    Sponsored
    For Lease
    $4 SF/Yr

    Modern industrial warehouse, 75,000-300,000 SF

    Lot size:
    675,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Des Moines industrial property offers two available spaces within a single, modern warehouse building constructed in 2018. The building totals 675,000 square feet and is situated for convenient access to Interstates 80 and 235. The property is zoned for heavy industrial use and features a single-story design with ceiling heights ranging from 24 to 29 feet. Ample parking is provided with 135 spaces available. Two suites are available for lease, offering flexible space options. The smaller suite encompasses 75,000 square feet and is priced at $5.25 per square foot, triple net (NNN). This space includes five dock doors with levelers, one drive-in door, and a small office area with restrooms. The larger suite, totaling 125,000 square feet, is offered at $4.50 per square foot, triple net (NNN). This space is food-grade compliant and features 22 dock doors with levelers, one drive-in door, and a more extensive office area including three private offices, a breakroom, and restrooms. The 2024 common area maintenance (CAM) rate is $2.00 per square foot, with no management fee. Minimum divisible space is 75,000 square feet, with a maximum contiguous space of 300,000 square feet. This property presents a unique opportunity for businesses seeking high-quality industrial space in a prime Des Moines location.

    Property Features for 4950 29Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    675,000 SF
    Total Rate
    253125

    Building Details

    Year Built
    2018
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    75,000 SF
    Rate per SF
    $5
    Space
    Available Space 2
    Size
    125,000 SF
    Rate per SF
    $4

    HighLights

    • Industrial warehouse totaling 675,000 square feet.
    • Sublease opportunity with two available spaces: 75,000 SF and 125,000 SF.
    • Minimum divisible space: 75,000 SF; maximum contiguous space: 300,000 SF.
    • Modern building constructed in 2018, featuring 24' - 29' ceiling heights.
    • Located in Des Moines, IA, with convenient access to Interstates 80 and 235, zoned Heavy Industrial.
    • Ample parking with 135 spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    GXO Logistics Service Con-trol Storage Facility

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Hair Salon Auto Repair Shop Gym & Fitness Auto Parts Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.561028423474
    Latitude
    41.65026899403

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    FAQs

    What type of property is this?
    Distribution property - Modern industrial warehouse, 75,000-300,000 SF
    Where is this distribution property located?
    The property is located at 4950 29Th St Des Moines, IA.
    What is the lease rate?
    The lease rate is $4-$5 SF/Yr.
    What are key features of this property?
    This property features: Industrial warehouse totaling 675,000 square feet.; Sublease opportunity with two available spaces: 75,000 SF and 125,000 SF.; Minimum divisible space: 75,000 SF; maximum contiguous space: 300,000 SF.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4950 29Th St Des Moines, IA 50317
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