1525 Vermont StDes Moines, IA 50314

Property Details for 1525 Vermont St

Year built

2009

Construction

STEEL FRAME

Lot size

0.30 AC

Property size (Sq ft)

2,800 SF

Zone code

M-1

Property type

Investment properties

Property subtype

Live-work space

APN

080/00809-001-000

APU

8000809001000

Description

This exceptional Des Moines industrial property, located at 1525 Vermont St, offers a rare opportunity to acquire a freestanding 2,800 square foot flex warehouse. Built in 1971, this single-story building sits on a spacious 13,000 square foot lot and is zoned I-1. The property features a convenient blend of warehouse and office space, ideal for a variety of businesses. The warehouse area boasts one dock-high door and two drive-in doors, ensuring efficient loading and unloading. A 750 square foot office area includes a reception area, individual offices, and restrooms, providing a comfortable and functional workspace. Adding to its appeal is a fenced outdoor storage area, offering additional security and space. Available for occupancy December 1st, 2024, this property presents a unique investment opportunity in a desirable Des Moines location, within Polk County, Iowa, zip code 50314. The asking price is $360,000.

• CAP approach

  CAP return

  Valuation

  6%

  $488,218

  6.5%

  $450,662

  7%

  $418,472

• Comparable approach

  Method

  Valuation

  Relative Method

  $142,912

  Geo Method

  $142,912

• Alternative Use

  Use

  Valuation

  Residential

  $558,821

  Hospitality

  $511,877

  Educational

  $425,876

  Medical

  $440,522

  Retail

  $662,474

Location Insight

City

Des Moines

County

Polk

State

Iowa

Latitude

41.6066

Longitude

-93.6146

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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