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    1631 2Nd Ave Des Moines, IA 50314

    Sponsored
    For Sale
    $1,250,000

    High-return flex space, Des Moines, IA

    Property size:
    9,409 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This Des Moines, IA industrial property, located at 1631 2nd Ave, offers a compelling investment opportunity. Priced at $1,250,000, this 9,409 square foot flex space sits on a 0.822-acre lot and boasts a price per square foot of $132.85. Currently 100% occupied by White Cap under a NNN lease expiring October 2024, with a five-year renewal option anticipated to increase rent by 5-9%. The property includes an adjacent paved lot at 1620 Maine St, providing valuable outdoor storage currently utilized by the tenant. This turnkey investment is ideal for a 1031 exchange or other investment strategies. The tenant is responsible for all CAM charges. The property is located in Polk County, Iowa, with the address 1631 2nd Ave, Des Moines, IA 50314. This single-tenant property presents a strong potential for future income growth and a solid return on investment.

    Property Features for 1631 2Nd Ave

    General Information

    Property type
    Flex space
    Square Feet
    9,409 SF
    Lot Size
    35,806 SF

    HighLights

    • $1,250,000 asking price for a 9,409 SF flex industrial building.
    • Located at 1631 2nd Ave, Des Moines, IA 50314, on a 0.822‑acre lot.
    • NNN lease, single tenant (White Cap), currently 100% occupied.
    • $132.85/SF price per square foot.
    • Includes adjacent paved lot at 1620 Maine St. used for tenant storage.
    Property Profile Location Intelligence

    Current Use by Public Records

    White Cap Building Materials Supplier

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.619333340848
    Latitude
    41.609111581415

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    FAQs

    What type of property is this?
    Flex space - High-return flex space, Des Moines, IA
    Where is this flex space located?
    The property is located at 1631 2Nd Ave Des Moines, IA.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: $1,250,000 asking price for a 9,409 SF flex industrial building.; Located at 1631 2nd Ave, Des Moines, IA 50314, on a 0.822-acre lot.; NNN lease, single tenant (White Cap), currently 100% occupied.
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    1631 2Nd Ave Des Moines, IA 50314
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    Des Moines, IA 50314
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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
    1631 2Nd Ave Des Moines, IA 50314
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