Des Moines Industrial Space
2500 Dixon St Des Moines, IA 50316
2500 Dixon St, Des Moines, IA, 50316
Contact for pricing
For Sale
Contact for pricing
135,197 SF industrial space in Des Moines for sale.
Property Size135,197 SF
Lot Size4.94 Acres
Price / SF$73.97
Days on Market813
Property Features for 2500 Dixon St
General Information
- Standard status
- Active
- Size
- 135,197 SF
- Lot size
- 4.94 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1975
Listing Agency
LOCATE Commercial Real Estate
(515) 778-8188
Listed by
Chris Thomason · License #IA B37107000
Source
Crexi
Added: Apr 26, 2024 Checked: Jul 17 at 3:03 am
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 LOCATE Commercial Real Estate
Investment Insights
Based on property information with market context.
This expansive industrial space offers 135,197 square feet of versatile area. The property features a modern design and sturdy construction. It is strategically positioned in Des Moines' bustling industrial district, providing excellent connectivity to major transportation routes. The property includes a total of 23 dock doors, facilitating loading and unloading operations. Clear height is 30 feet in 30,000 square feet and 24 feet in 90,000 square feet, providing ample vertical space suitable for accommodating large equipment and machinery. The versatile layout allows for workflow and productivity optimization. Ample parking space is available for employees and visitors. The property includes 4.94 acres of land, providing expansion opportunities or additional development potential. This is an ideal investment opportunity for businesses seeking a strategic location in Des Moines' dynamic economic landscape.
Key Highlights
- Expansive 135,197 square feet of versatile industrial space.
- Excellent connectivity to major transportation routes in Des Moines' bustling industrial district.
- 23 dock doors facilitating smooth loading and unloading operations.
Local Financial Insights For Warehouse
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 | $811.2k | $6.00 |
| − Vacancy | −$64.1k | −$0.47 |
| EGI | $747.1k | $5.53 |
| − OpEx | −$112.1k | −$0.83 |
| NOI | $635.0k | $4.70 |
135,197 SF · lease $6.00/SF/yr · vacancy 7.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$9.07M
$7.94M – $10.58M
NOI $635,034 @ 7.0% cap · market cap 6.35%
Second Best
Industrial
$7.92M
$6.93M – $9.24M
NOI $554,347 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$33.30M
$29.13M – $38.85M
NOI $2,330,753 @ 7.0% cap · market cap 23.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lomar Distributing Inc
Warehouse & Storage
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FAQs
What type of property is this?
Warehouse - 135,197 SF industrial space in Des Moines for sale.
Where is this warehouse located?
The property is located at 2500 Dixon St Des Moines, IA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: Expansive 135,197 square feet of versatile industrial space.; Excellent connectivity to major transportation routes in Des Moines' bustling industrial district.; 23 dock doors facilitating smooth loading and unloading operations.
