Property profile

2833 Douglas Ave Des Moines, IA 50310

FOR LEASE
Retail space
Property ID
US25-0233443
10,000 SF 1.1 ac lot Built 2015
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-tenant retail property, located at 2833 Douglas Avenue in Des Moines, Iowa, offers 10,013 square feet of space ideal for a variety of convenience store operations. Situated in Polk County, this property boasts a convenient location within the 50310 zip code. The building, constructed as a single-story structure, underwent a complete renovation in 2013, ensuring modern and updated facilities. The property's single-tenant occupancy provides a stable and predictable income stream for investors. Its classification as a convenience store highlights its suitability for businesses catering to immediate consumer needs. The property's size and layout are well-suited for a variety of retail uses, offering ample space for inventory, customer service areas, and potential expansion. The address, 2833 Douglas Ave, provides excellent visibility and accessibility for customers. This is a rare opportunity to acquire a well-maintained, single-tenant retail property in a desirable Des Moines location. The property's 2013 renovation ensures modern amenities and efficient operations, minimizing future capital expenditure needs. This turnkey operation presents a strong investment opportunity for those seeking a stable and profitable retail venture in a thriving Iowa market. The property's single-story design offers ease of access and functionality. Further details are available upon request.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2015
Construction STEEL FRAME
Total area 10,000 SF
Lot 1.1 ac (47,742 SF)
Zoning code C-1
APN 080/01841-002-004
UPID US25-0233443

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2833 Douglas Ave Des Moines, IA 50310
Des Moines metro Census 702 DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.50M
Comparable Approach Comparable
$1.42M
Blend (final) Blend
$1.32M

Owner & transaction history

since 2025
4 recorded transactions
2026
Price N/A
2025
Price N/A
2013
$1.2M
2013
$453,000

Zoning & alternative use

C-1 · Des Moines, IA
Top alternative use upside
Auto repair, garage $1.7M +48.3%
Medical building $1.7M +43.3%
Restaurant $1.5M +32.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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