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    3221-3411 14Th St Des Moines, IA 50320
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    3221-3411 14Th St Des Moines, IA 50320

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    • Retail properties & Spaces
    • 161,792 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Southgate Shopping Center / Shopping Center & Mall
    • HY-VEE LOADING DOCK / Distribution Center / Logistics Company

    Property Details for 3221-3411 14Th St

    Property size
    161,792 SF
    Property type
    Retail properties & Spaces

    Description

    Southgate Shopping Center, located at 3221-3411 SE 14th St, Des Moines, IA 50320, offers a prime retail opportunity within Polk County. This multi-tenant commercial property boasts a total of 161,792 square feet of retail space. Currently, there is 5,000 square feet of vacant space available for lease, ideal for a variety of retail businesses seeking high visibility and foot traffic. The property's strategic location in Des Moines provides excellent access to major transportation routes and a dense population base. The building is well-maintained and offers ample parking for customers and employees. This is an exceptional opportunity for businesses looking to establish or expand their presence in a thriving Des Moines market. The available space presents a blank canvas for a new tenant to customize and create a thriving retail environment. The property's size and location make it an attractive option for businesses seeking significant visibility and accessibility. Interested parties are encouraged to inquire about lease terms and conditions. The property is classified as retail commercial and is situated in a high-traffic area of Des Moines, ensuring strong potential for business success. Don't miss this chance to secure a prominent retail space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Des Moines
    County
    Polk
    State
    Iowa
    Longitude
    -93.5947
    Latitude
    41.5544

    Comparable in this City

    • Value Estimation
      $850,000
      7,680 SF

      3719 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,680 SF
      3719 14th St, Des Moines, IA 50320-1440
      View Details
    • Value Estimation by Request
      2,400 SF

      2122 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      2122 14th St, Des Moines, IA 50320-1104
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    • Value Estimation by Request
      3,384 SF

      6136 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,384 SF
      6136 14th St, Des Moines, IA 50320-1705
      View Details
    • Value Estimation by Request
      3,012 SF

      3401 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,012 SF
      3401 14th St, Des Moines, IA 50320-1335
      View Details
    • Value Estimation
      $550,000
      7,445 SF

      4300 14th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,445 SF
      4300 14th St, Des Moines, IA 50320-1640
      View Details
    • Value Estimation by Request
      22,800 SF

      6051 14Th St

      Retail properties & Spaces • 22,800 SF
      6051 14Th St, Des Moines, IA 50320
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,716 SF

      Retail Property in Des Moines

      Retail property available for sale in Des Moines, Iowa.
      4800 SE 14Th St, Des Moines, IA 50320
      View Details
    • $3,150,000
      14,560 SF

      Retail Property in Des Moines

      Single-tenant retail property operating as a Walgreens.
      6200 Southeast 14Th St, Des Moines, IA 50320
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    • Contact for pricing

      Development Site on E 14th

      1.364 acre development site on the NW corner.
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    • $300,000
      1.92 Acres

      Des Moines Development Opportunity

      1.92 acres of land zoned RX1 in Des Moines.
      3101 SE 22Nd St, Des Moines, IA 50320
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      Des Moines Commercial Land Available

      2.758 acre lot near airport and Hwy 5.
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      Commercial Land on Watrous Avenue

      Commercial land available with high traffic counts and tax abatement.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Des Moines

      Outparcel available in a high-traffic shopping center.
      5101 SE 14Th St, Des Moines, IA 50320
      View Details
    • $10 SF/Yr

      Retail Space in Des Moines

      Retail space for lease in established Des Moines community center.
      5921 Southeast 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing
      2,877 SF

      Retail Space Near I-35/80

      2,877 SF retail space adjoining QuikTrip, drive-up ready.
      4801 NE 14Th St, Des Moines, IA 50320
      View Details
    • Contact for pricing

      Retail Space with Individual Suites

      Retail space featuring reception, restroom, storage, and 24 individual suites.
      4930 SE 14Th St, Des Moines, IA 50320
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    • Contact for pricing

      Modern Retail Space For Rent

      Modern retail space in a newly constructed building for rent.
      3727 Southeast 14Th St, Des Moines, IA 50320
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    • $15 SF/Yr
      6,650 SF

      High Visibility Retail/Office Space

      Retail or medical office space in a high-traffic location.
      6201 Southeast 14Th St, Des Moines, IA 50320
      View Details
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    Des Moines, IA 50320
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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