Four-Office Suite
1000 73rd Street, Windsor Heights, IA 50324
For Sale
Contact for pricing
First-floor end unit with windows, a reception area, coffee bar, and restroom.
Property Size1,525 SF
Price / SF$150
Days on Market41
Property Features for 1000 73rd Street
General Information
Standard status
Size
Property subtype
Additional Details
Floor
Office Units
Property Use
Listing Agency:
Denny Elwell Company
Listed By:
Darcy Gill · License IA S56688000
(515) 238-5793
Source:
Crexi
Added: Oct 5
Changed: Nov 10
Last Checked: Nov 12 at 7:50AM
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 Denny Elwell Company
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Investment Insights
Based on property information with market context.
This 1,525-square-foot office condominium is configured with a reception area, four private offices, a coffee bar, and a restroom. The suite occupies an end position on the first floor and has windows. The property is described as being in great condition.
Located at 1000 73rd Street in Windsor Heights, Iowa, the office suite offers a defined layout within a condominium setting.
Located at 1000 73rd Street in Windsor Heights, Iowa, the office suite offers a defined layout within a condominium setting.
Key Highlights
- 1,525 SF office condominium
- Four private offices plus a reception area
- First‑floor end unit with windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,093
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,860
$401.9K
Cap Rate 7%
$287,043
$287.0K
Cap Rate 9%
$223,256
$223.3K
Market Conditions
NOI Build-Up for 1,525 SF
Gross rent
$33.5K $21.96/SF
− Vacancy
−$6.7K −$4.39/SF
EGI
$26.8K $17.57/SF
− OpEx
−$6.7K −$4.39/SF
NOI
$20.1K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,860
Cap Rate 7%
$287,043
Cap Rate 9%
$223,256
Alternative Uses
Best Use
Office B
$287.0K
$251.2K – $334.9K
NOI $20,093 @ 7.0% cap · market cap 8.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$375.6K
$328.6K – $438.2K
NOI $26,291 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Explore this area
Business Placement
Demographics for 50324, IA
5,252
Population
2,327
Households
2.3
Avg Household Size
40
Median Age
44%
College-Educated
98%
High-School Grad
1.4 sq mi
ZIP Area
3,751
Density / Sq Mi
$89,083
Median Household Income
$56,385
Median Earnings
$1,355
Median Rent
$251,800
Median Home Value
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Market
Properties on Market for Office Units in Polk County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor end unit with windows, a reception area, coffee bar, and restroom.
Where is this office unit located?
The property is located at 1000 73rd Street Windsor Heights, IA.
What is the asking price?
The asking price for this property is $228,750.
What are key features of this property?
This property features: 1,525 SF office condominium; Four private offices plus a reception area; First‑floor end unit with windows
