Gold LEED Certified Office
For Sale
$14,000,000
1 Peregrine Way, Cedar Falls, IA 50613
2008-built LEED-certified office campus with geothermal systems, atrium entrance, and underground parking.
Property Size78,250 SF
Lot Size22.00 Acres
Price / SF$178.91
Days on Market94
Property Features for 1 Peregrine Way
General Information
Standard status
Active
Size
78,250 SF
Lot size
22.00 Acres
Amenities
executive offices
conference rooms
expansive server storage
underground parking
gated key-card security
full cafeteria with walk-in refrigeration
fitness center
sauna
locker rooms
fresh air systems
illuminated walking paths
daycare facilities
Building Details
Year Built
2008
Listing Agency:
KW Elite powered by KW 1Advantage
Listed By:
Dianne Granger · License #S66680000
(563) 663-2400
Source:
Kwlegacyrealty
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 7 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Elite powered by KW 1Advantage
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Investment Insights
Based on property information with market context.
Built in 2008, this Gold LEED Certified office campus is offered as a cohesive corporate headquarters setting. The property includes a 78,000-square-foot facility featuring 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 support adaptable office configurations, with conference rooms and executive offices throughout. Building systems include geo-thermal heating and cooling, radiant heat, remote-controlled systems, and separate IT fire control systems. Additional infrastructure includes a CAT C27 backup generator and a 25,000-gallon underground emergency water system, supported by heated underground parking and gated key-card security.
The campus is situated on 22 secluded acres beside Beaver Hills Golf Course and includes a full cafeteria with walk-in refrigeration, expansive server storage, and an amenities package that lists a fitness center, sauna, locker rooms, fresh air systems, and illuminated walking paths.
The property also includes daycare facilities for infants through kindergarten, along with rooftop greenspace potential.
The campus is situated on 22 secluded acres beside Beaver Hills Golf Course and includes a full cafeteria with walk-in refrigeration, expansive server storage, and an amenities package that lists a fitness center, sauna, locker rooms, fresh air systems, and illuminated walking paths.
The property also includes daycare facilities for infants through kindergarten, along with rooftop greenspace potential.
Key Highlights
- 2008‑built Gold LEED Certified corporate headquarters on 22 secluded acres beside Beaver Hills Golf Course
- 78,000 SF facility designed for approximately 300 employees, with a two‑story atrium entrance and 40‑ft floor‑to‑ceiling glass walls
- Geo‑thermal heating and cooling plus radiant heat; heated underground parking and advanced remote‑controlled building systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$512,469
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,249,380
$10.2M
Cap Rate 7%
$7,320,986
$7.3M
Cap Rate 9%
$5,694,100
$5.7M
Market Conditions
NOI Build-Up for 78,250 SF
Gross rent
$901.4K $11.52/SF
− Vacancy
−$218.1K −$2.79/SF
EGI
$683.3K $8.73/SF
− OpEx
−$170.8K −$2.18/SF
NOI
$512.5K $6.55/SF
Area
Black Hawk County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,249,380
Cap Rate 7%
$7,320,986
Cap Rate 9%
$5,694,100
Alternative Uses
Best Use
Office B
$7.32M
$6.41M – $8.54M
NOI $512,469 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$98.09M
$85.83M – $114.44M
NOI $6,866,438 @ 7.0% cap · market cap 49.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
10
Businesses Nearby
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Business Placement
Demographics for 50613, IA
43,667
Population
17,808
Households
2.5
Avg Household Size
32
Median Age
48%
College-Educated
97%
High-School Grad
127.6 sq mi
ZIP Area
342
Density / Sq Mi
$75,642
Median Household Income
$33,099
Median Earnings
$1,176
Median Rent
$258,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 2008-built LEED-certified office campus with geothermal systems, atrium entrance, and underground parking.
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 corporate headquarters on 22 secluded acres beside Beaver Hills Golf Course; 78,000 SF facility designed for approximately 300 employees, with a two‑story atrium entrance and 40‑ft floor‑to‑ceiling glass walls; Geo‑thermal heating and cooling plus radiant heat; heated underground parking and advanced remote‑controlled building systems
