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    113 8Th St Des Moines, IA 50309

    Sponsored
    For Lease
    Contact for pricing

    Prime Des Moines warehouse, 20,000 sq ft, ample parking.

    Lot size:
    20,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, the Lortex Building, presents a significant opportunity for a single tenant. Located at 113 SW 8th St, Des Moines, IA 50309, this warehouse boasts a total of 20,000 square feet of space, all currently available for lease. The building is a two-story structure situated on a 1.04-acre lot, providing ample room for operations and potential expansion. The property offers convenient access to major transportation routes, placing it within easy reach of Des Moines's vibrant business community. Its strategic location along the MLK corridor offers proximity to key attractions including the new soccer stadium, Principal Park, and the new Market District Park, enhancing visibility and accessibility. The building includes 95 surface parking spaces, ensuring convenient parking for employees and clients. The lease rate is $8.00 per square foot, modified gross. This is a rare opportunity to secure a substantial, well-located warehouse in a thriving area of Des Moines. The entire 20,000 square feet is ready for immediate occupancy. Don't miss this chance to establish your business in a prime Des Moines location.

    Property Features for 113 8Th St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    20,000 SF

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    20,000 SF

    HighLights

    • Ample surface parking available.
    • Suitable for warehouse use.
    • 20,000 square foot building (10,000 SF per floor, two floors total).
    • Features loading docks.
    Property Profile Location Intelligence

    Current Use by Public Records

    113 SW 8th ... Parking Lot

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.6249538
    Latitude
    41.5821146

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    FAQs

    What type of property is this?
    Distribution property - Prime Des Moines warehouse, 20,000 sq ft, ample parking.
    Where is this distribution property located?
    The property is located at 113 8Th St Des Moines, IA.
    What are key features of this property?
    This property features: Ample surface parking available.; Suitable for warehouse use.; 20,000 square foot building (10,000 SF per floor, two floors total).
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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
    113 8Th St Des Moines, IA 50309
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