4944 Franklin Ave Des Moines, IA 50310
- Strip malls
- 29,587 SF
- 2.12 lot acres
Current Use by Public Records
- Franklin Plaza Family Dentistry / Dentist
- RMS Wellness / Massage Therapist / Sports Massage Therapist
- Soulshine Massage Bliss / Massage Therapist
- Natural Remedies with Massage / Massage Therapist
- Monsoon Asians & Pacific Islanders in Solidarity / Non-Profit Organization
Property Details for 4944 Franklin Ave
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 2.12 lot acres
- Property size
- 29,587 SF
- Zone code
- C-1
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 100/05038-012-001
- APU
- 10005038012001
Description
Franklin Plaza Shops in Polk County offers exceptional office leasing opportunities. This Class C retail and office building totals 25,187 square feet, with 12,764 square feet currently vacant and available for lease. The property features multiple tenancies, allowing for flexibility in space requirements. Units range from a minimum of 605 square feet to a maximum contiguous space of 8,293 square feet, with four spaces currently available ranging from 1,198 to 5,783 square feet. The building boasts a convenient parking ratio of 5.32 spaces per 1,000 square feet. Current tenants include Franklin Family Dentistry, Iowa Food Cooperative, and Beautiful Beginnings Salon, establishing a strong and diverse tenant base. The property benefits from its strategic location, offering close proximity to the desirable Beaverdale and Waveland neighborhoods. Under new ownership and management, Franklin Plaza Shops presents an attractive opportunity with low gross monthly rates and flexible lease terms. This makes it an ideal location for businesses seeking a well-situated, adaptable workspace in a thriving community. Inquire today to learn more about the available spaces and lease options.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $660,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $665,000
- 6.5%
- $685,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $690,000
- Geo Method
- $755,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $680,000
- Retail
- $655,000
- Mixed-Use
- $610,000
- Hospitality
- $635,000
- Educational
- $775,000
- Residential Income
- $555,000
- Energy
- $660,000
- Income-Based Land
- $705,000
- Food Service
- $735,000
Location Insight
- Map
- Local Demand
- City
- Des Moines
- County
- Polk
- State
- Iowa
- Longitude
- -93.6867
- Latitude
- 41.6109
- CBSA code
- 19780
- CBSA name
- DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA
