1200 Army Post Rd Des Moines, IA 50315-5943
- Strip malls
- 120,460 SF
- 8.43 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1200 Army Post Rd
- Year built
- 2001
- Construction
- STEEL FRAME
- Lot size
- 8.43 lot acres
- Property size
- 120,460 SF
- Zone code
- C-2
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 120/07211-002-001
- APU
- 12007211002001
Description
This exceptional Class A retail property, located at 1200 E Army Post Rd in Des Moines, Iowa, presents a prime investment opportunity. The property, known as Gems by IndusPAD, comprises two buildings totaling 144,138 square feet situated on 15 acres of land. Built in 2001, the single-story structures are zoned C-2 and boast a convenient location directly across from Southridge Mall, ensuring high visibility and substantial foot traffic. Currently, there is 63,137 square feet of vacant space available, offering significant potential for multiple tenants. The minimum divisible space is 63,137 square feet, with a maximum contiguous space of the same size. The property is categorized as a multi-tenant retail space suitable for restaurants, storefronts, or medical storefronts. Its location within the Des Moines submarket of Polk County, Iowa (zip code 50315), provides easy access to major transportation routes and a thriving consumer base. This is an unparalleled chance to acquire a substantial retail center in a highly desirable location. The property offers a unique opportunity for a single large tenant or the potential for multiple smaller tenants. This is a rare opportunity to acquire a significant retail asset in a prime Des Moines location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,340,000
- 6.5%
- $1,445,000
- 7%
- $1,480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,225,000
- Geo Method
- $1,435,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,340,000
- Retail
- $1,205,000
- Mixed-Use
- $1,410,000
- Hospitality
- $1,305,000
- Educational
- $1,175,000
- Residential Income
- $1,380,000
- Energy
- $1,185,000
- Income-Based Land
- $1,445,000
- Food Service
- $1,330,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6003
- Latitude
- 41.5274
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA