4425 Hubbell AveDes Moines, IA 50317

Property Details for 4425 Hubbell Ave

Year built

1947

Construction

FRAME

Lot size

0.69 AC

Property size (Sq ft)

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.

• Alternative Use

  Use

  Valuation

  Residential

  $878,167

  Hospitality

  $804,396

  Educational

  $669,248

  Medical

  $692,265

  Retail

  $1,041,053

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6386

Longitude

-93.5265

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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