3296 NW Prairie Ln, Des Moines, IA 50313
- Warehouses
- 10,985 SF
- 1.51 lot acres
Current Use by Public Records
- The Flooring Guys / Carpet & Flooring Store / Hardware & Home Improvement
Property Details for 3296 NW Prairie Ln
- Year built
- 2017
- Construction
- FRAME
- Lot size
- 1.51 lot acres
- Zone code
- LI
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 270/01747-211-000
- APU
- 27001747211000
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 13, 2021 | $1,250,000 | 2915 Dixon LLC | The Flooring Guys Ltd | Warranty Deed | $1M · Lincoln Savings Bank |
| Jun 10, 2019 | — | The Flooring Guys Ltd | — | Deed · related | $68k · Collins Community Cu |
| Jun 22, 2017 | — | Flooring Guys Ltd | — | Trustees Deed · related | $544k · Iowa St Bk |
| Mar 24, 2017 | — | Flooring Guys Ltd | Stone Monroe Properties LLC | Quit Claim Deed · related | — |
| Jan 5, 2017 | $152,000 | Stone Monroe Properties LLC | Johnston Business Park LLC | Warranty Deed | — |
Description
This exceptional 10,985-square-foot standalone commercial/flex property is available for lease in Des Moines' desirable submarket, strategically located between Johnston and Ankeny on busy NW 66th Avenue. Boasting excellent visibility, this 2017-built structure sits on a 1.5-acre lot (65,730 square feet) and is zoned for light industrial use, offering versatility for a wide range of businesses. The building features a thoughtfully designed layout, including a 3,000-square-foot space on the west side and a 7,985-square-foot space on the east, separated by a shared foyer. Four drive-in doors (one 12x14, one 10x14, and two 8x14) provide convenient access for loading and unloading. Ample parking is available with 35 spaces. The property offers limited outdoor storage, adding to its functionality. With a 2016 traffic count of 10,000 vehicles per day on NW 66th Ave, this location ensures high visibility and accessibility. The base rental rate is $11.00 per square foot, with operating expenses of $4.50 per square foot. This property presents a unique opportunity for businesses seeking a well-appointed, versatile space in a thriving Des Moines location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,465,000
- ML approach
- $1,430,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,555,000
- 6.5%
- $1,435,000
- 7%
- $1,335,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,643,000
Market price range: $762k - $1.64M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $1,190,000 Current use
- AUTO REPAIR, GARAGE
- $1,890,000 Change: +59% Conversion: Easy
- MEDICAL BUILDING
- $1,830,000 Change: +54% Conversion: Difficult
- RESTAURANT
- $1,695,000 Change: +42% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $1,615,000 Change: +36% Conversion: Difficult
- RETAIL STORES
- $1,275,000 Change: +7% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,140,000 Change: -4% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6629
- Latitude
- 41.6811
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
