Medical Office
For Sale
$350,000
810 Central Ave, Hawarden, IA 51027
Commercial, Hawarden, IA
Property Size3,000 SF
Lot Size0.15 Acres
Price / SF$116.67
Days on Market61
Property Features for 810 Central Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Lot features
Level Lot
Elementary school
West Sioux
Middle school
West Sioux
High school
West Sioux
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
APN
1902130009
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lots 12 & 13 Block 6 Original
Tax Annual Amount
7250
Legal Description
Lots 12 & 13 Block 6 Original
Utilities
Heating system
Forced Air
Cooling system
Central Air
Building Details
Year built
2007
Roof type
Shingle
Listing Agency:
Century 21 ProLink - Le Mars
(712) 546-6833
Listed By:
Dustin Houlton · License #S56864
(712) 389-6862
Added: Jul 7
Changed: Sep 2
Last Checked: Sep 5 at 4:06AM
MLS# 833712
Copyright © 2026 Northwest Iowa Regional Board 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.
This approximately 3,000-square-foot medical office property was built in 2007 and configured for professional use. The interior includes a reception area, multiple treatment or examination rooms, private offices, restrooms, and dedicated staff space. Existing plumbing supports healthcare-related functions, including dental and medical operations, while the overall arrangement can accommodate other professional office users.
The property is located at 810 Central Ave in Hawarden, Iowa, within commercial zoning. Building systems include forced-air heating and central air conditioning, with a shingle roof. The combination of an established office layout, healthcare-oriented infrastructure, and flexible room configuration provides a practical foundation for continued medical use or conversion to another professional office format.
The property is located at 810 Central Ave in Hawarden, Iowa, within commercial zoning. Building systems include forced-air heating and central air conditioning, with a shingle roof. The combination of an established office layout, healthcare-oriented infrastructure, and flexible room configuration provides a practical foundation for continued medical use or conversion to another professional office format.
Key Highlights
- Approximately 3,000 square feet in a medical office configuration
- Built in 2007
- Reception area, treatment or exam rooms, private offices, restrooms, and staff space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,678
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,560
$593.6K
Cap Rate 7%
$423,971
$424.0K
Cap Rate 9%
$329,756
$329.8K
Market Conditions
NOI Build-Up for 3,000 SF
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.
Gross rent
$54.0K $18.00/SF
− Vacancy
−$4.5K −$1.51/SF
EGI
$49.5K $16.49/SF
− OpEx
−$19.8K −$6.60/SF
NOI
$29.7K $9.89/SF
Area
Sioux County, IA
Vacancy
8.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$593,560
Cap Rate 7%
$423,971
Cap Rate 9%
$329,756
Alternative Uses
Best Use
Office B
$467.3K
$408.9K – $545.2K
NOI $32,714 @ 7.0% cap · market cap 9.35%
Second Best
Healthcare Medical
$424.0K
$371.0K – $494.6K
NOI $29,678 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$624.9K
$546.8K – $729.1K
NOI $43,745 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 51027, IA
1,302
Population
558
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
90.0 sq mi
ZIP Area
14
Density / Sq Mi
$91,875
Median Household Income
$37,351
Median Earnings
$1,100
Median Rent
$219,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Commercially zoned facility with reception, treatment rooms, private offices, and existing plumbing suited to healthcare operations.
Where is this medical office space located?
The property is located at 810 Central Ave Hawarden, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 3,000 square feet in a medical office configuration; Built in 2007; Reception area, treatment or exam rooms, private offices, restrooms, and staff space
