4425 Hubbell Ave Des Moines, IA 50317-4653
- Warehouses
- 4,400 SF
- 0.69 lot acres
Dec 03, 2024
Current Use by Public Records
- Green's Appliance, Heating & Cooling / Hvac Contractor / Cleaners
Property Details for 4425 Hubbell Ave
- Year built
- 1947
- Construction
- FRAME
- Lot size
- 0.69 lot acres
- Property size
- 4,400 SF
- Zone code
- A-1
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 060/00780-006-000
- APU
- 6000780006000
Description
This exceptional Des Moines investment opportunity presents a multi-tenant retail property at 4425 Hubbell Ave, situated on a 0.693-acre lot in Polk County, Iowa (zip code 50317). The property, built in 1990 and renovated in 2020, encompasses 4,400 square feet across two single-story buildings. Currently operating at 100% occupancy since October 26, 2022, this property offers a compelling 6.50% cap rate. The asking price is $725,000. The property is zoned MX3, allowing for flexible uses, including auto shop, daycare, and storefront operations. The building features a well-finished interior, including office, showroom, and training room spaces, along with a 900 square foot heated and cooled warehouse area complete with a drive-in door. This location benefits from high daily traffic counts (13,100 vehicles), and its proximity to Altoona, Highway 69, and I-80 ensures excellent accessibility. The property's diverse tenant mix contributes to its strong performance and stable income stream. This is an owner-user opportunity with a Net Net Net (NNN) lease type. The property's location within a developing retail and light industrial area promises continued growth and value appreciation.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.5265
- Latitude
- 41.6386
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
