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REDEVELOPMENT | 6.65% CAP 1433 Walnut St 5,628 SF 100% Leased Retail Building Des Moines, IA 50309 $1,395,000 ($247.87/SF) 6.65% Cap Rate

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INVESTMENT HIGHLIGHTS

Walking distance to Exile Brewing Company

Part of the Western Gateway District

Des Moines 1433 Walnut St_Flyer

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

5,628 SF

Building Class

C

Year Built/Renovated

1948/2020

Price

$1,395,000

Price Per SF

$247.87

Cap Rate

6.65%

NOI

$92,700

Percent Leased

100%

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.68

Lot Size

0.19 AC

Zoning

C-3A - DX2 Downtown District

Parking

10 Spaces (1.77 Spaces per 1,000 SF Leased)

Frontage

148’ on Walnut St

Air Conditioning

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Walk Score®

Very Walkable (70)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	020-01736001000	Improvements Assessment	$601,000
Land Assessment	$271,000	Total Assessment	$872,000

PROPERTY TAXES

Parcel Number

020-01736001000

Land Assessment

$271,000

Improvements Assessment

$601,000

Total Assessment

$872,000

(319) 229-1003

CONTACTS

Ryan Fitzpatrick
Jordan Bouslog
Parker Ridge
Cushman & Wakefield | Iowa Commercial Advisors

Listing ID: 31380689
Date on Market: 2/16/2024
Last Updated:
Address: 1433 Walnut St, Des Moines, IA 50309

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