Iconic Des Moines Historical
For Sale
Contact for pricing
100 4th St, Des Moines, IA
20,591 SF office building with 32-stall parking lot.
Property Size20,591 SF
Lot Size0.74 Acres
Price / SF$169.98
Days on Market624
Property Features for 100 4th St
General Information
Standard status
Active
Size
20,591 SF
Lot size
0.74 Acres
Property subtype
OFFICE
Listing Agency:
Peter Brown Commercial Real Estate
(515) 778-6480
Listed By:
Peter Brown · License #S28799000
(515) 778-6480
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:46AM
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 Peter Brown Commercial Real Estate
Investment Insights
Based on property information with market context.
The Depot is a historical building located in Des Moines. The building offers 20,591 square feet of space, distributed across two floors of office space. The property includes a parking lot with 32 stalls.
Key Highlights
- Iconic Des Moines historical building
- Rare downtown parking lot with 32 stalls
- 20,591 sf building size**
Financial Insights For Office B
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 | $452.2k | $21.96 |
| − Vacancy | −$90.4k | −$4.39 |
| EGI | $361.7k | $17.57 |
| − OpEx | −$90.4k | −$4.39 |
| NOI | $271.3k | $13.18 |
20,591 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.88M
$3.39M – $4.52M
NOI $271,307 @ 7.0% cap · market cap 7.75%
Second Best
Retail
$2.86M
$2.50M – $3.33M
NOI $199,990 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$5.07M
$4.44M – $5.92M
NOI $354,982 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,107
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Des Moines, IA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 20,591 SF office building with 32-stall parking lot.
Where is this office building located?
The property is located at 100 4th St Des Moines, IA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Iconic Des Moines historical building; Rare downtown parking lot with **32 stalls**; 20,591 sf building size**
