LEED-Certified Office
1 Peregrine Way Cedar Falls, IA 50613
1 Peregrine Way, Cedar Falls, IA, 50613
$14,000,000
For Sale
$14,000,000
COMMERCIAL - Cedar Falls, IA
Property Size78,000 SF
Lot Size22.00 Acres
Price / SF$179.49
Days on Market61
Property Features for 1 Peregrine Way
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 19
- Bathrooms
- 15
- Rooms
- Bathroom 4, Bathroom 15, Bathroom 9, Bathroom 1, Bathroom 14, Bathroom 5, Bathroom 3, Bathroom 7, Bathroom 10, Bathroom 12, Bathroom 6, Bathroom 13, Bathroom 8, Basement, Bathroom 11, Bathroom 2
- Parking
- 151
- Basement
- Full
- Standard status
- Active
- APN
- 9014-29-476-006
- Lot size
- 22.00 Acres
Utilities
- Sewer type
- Private Sewer
- Heating system
- Geothermal (Heating)
- Cooling system
- Geothermal, Central Air
- Water source
- Private
Building Details
- Year built
- 2008
- Floors in Building
- 2
- Flooring type
- Wood
- Building materials
- Concrete, Stone
- Roof type
- Rubber, Flat
Listing agency
KW Elite powered by KW 1Advantage
(563) 345-6520
Listed by
Dianne Granger
(563) 663-2400
Added: May 23 Updated: Jul 11 at 11:33PM Checked: Jul 22 at 8:06PM
MLS# 154716
Copyright © 2026 East Central Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2008, this LEED-certified office headquarters spans a 78,000-square-foot facility designed to accommodate approximately 300 employees. The campus includes a two-story atrium entrance with 40-foot floor-to-ceiling glass walls, granite flooring, Italian marble, bamboo flooring, and local limestone. Flexible glass wall systems throughout support adaptable office configurations and collaborative workspaces. Building systems highlighted in the offering include geo-thermal heating and cooling, radiant heat, advanced remote-controlled systems, heated underground parking, and separate IT fire control systems. Additional features include a CAT C27 backup generator and a 25,000-gallon underground emergency water system.
Set on 22 secluded acres beside Beaver Hills Golf Course at 1 Peregrine Way in Cedar Falls, the property also offers gated key-card security and amenities such as executive offices, conference rooms, expansive server storage, and a full cafeteria with walk-in refrigeration. Employee-focused spaces include a fitness center, sauna, locker rooms, fresh air systems, and illuminated walking paths. The campus also includes daycare facilities for infants through kindergarten.
Set on 22 secluded acres beside Beaver Hills Golf Course at 1 Peregrine Way in Cedar Falls, the property also offers gated key-card security and amenities such as executive offices, conference rooms, expansive server storage, and a full cafeteria with walk-in refrigeration. Employee-focused spaces include a fitness center, sauna, locker rooms, fresh air systems, and illuminated walking paths. The campus also includes daycare facilities for infants through kindergarten.
Key Highlights
- 2008‑built Gold LEED Certified headquarters on 22 secluded acres beside Beaver Hills Golf Course
- 78,000 SF facility designed for approximately 300 employees, with executive offices, conference rooms, and expansive server storage
- Geo‑thermal heating and cooling with central air; heated underground parking
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $898.6k | $11.52 |
| − Vacancy | −$217.5k | −$2.79 |
| EGI | $681.1k | $8.73 |
| − OpEx | −$170.3k | −$2.18 |
| NOI | $510.8k | $6.55 |
78,000 SF · lease $11.52/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.30M
$6.39M – $8.51M
NOI $510,831 @ 7.0% cap · market cap 3.65%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$97.78M
$85.56M – $114.08M
NOI $6,844,500 @ 7.0% cap · market cap 48.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 2008-built office headquarters with a two-story atrium entrance, flexible glass-walled offices, and geo-thermal HVAC.
Where is this office building located?
The property is located at 1 Peregrine Way Cedar Falls, IA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: 2008‑built Gold LEED Certified headquarters on 22 secluded acres beside Beaver Hills Golf Course; 78,000 SF facility designed for approximately 300 employees, with executive offices, conference rooms, and expansive server storage; Geo‑thermal heating and cooling with central air; heated underground parking
