ADA-Compliant Highway-Front Office
For Sale
$399,900
1004 S Jefferson Way, Indianola, IA 50125
ADA-compliant office building with private offices, reception, showroom, and a full kitchen, plus strong highway exposure.
Property Size1,932 SF
Price / SF$206.99
Days on Market94
Property Features for 1004 S Jefferson Way
General Information
Standard status
Active
Size
1,932 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
ADA-compliant
private offices
reception area
showroom
full kitchen
storage
detached two-car garage
Building Details
Year Built
1900
Listing Agency:
Iowa Realty Indianola
Listed By:
Josh Baker · License #S66145000
(515) 453-6616
Source:
Mistysoldteamiowa
Added: Jul 29
Changed: Oct 26
Last Checked: Oct 7 at 5:46PM
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 Iowa Realty Indianola
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Investment Insights
Based on property information with market context.
This ADA-compliant office building is designed for multiple business uses and features a versatile layout with five or more private office spaces, a reception/entry area, a spacious showroom, a full kitchen, and abundant storage throughout. The property’s functional interior layout supports professional services, office use, retail, or other mixed business needs.
Set on just over one-half acre, the building offers approximately 100 feet of highly visible highway frontage a few blocks from the major intersection of 65/69 (Jefferson Way) & Highway 92 (2nd Ave). The detached two-car garage provides additional storage or workspace, and the generous lot supports ample parking and room for future expansion.
Additional land totaling 12 acres m/l to the east is available if desired. An adjoining property at 1008 S. Jefferson Way is also available for purchase to create a larger commercial footprint with expanded highway exposure.
Set on just over one-half acre, the building offers approximately 100 feet of highly visible highway frontage a few blocks from the major intersection of 65/69 (Jefferson Way) & Highway 92 (2nd Ave). The detached two-car garage provides additional storage or workspace, and the generous lot supports ample parking and room for future expansion.
Additional land totaling 12 acres m/l to the east is available if desired. An adjoining property at 1008 S. Jefferson Way is also available for purchase to create a larger commercial footprint with expanded highway exposure.
Key Highlights
- ADA‑compliant office building with five or more private office spaces and a reception/entry area
- Spacious showroom plus full kitchen and abundant storage throughout
- Approximately 100 feet of highly visible highway frontage near 65/69 (Jefferson Way) & Highway 92 (2nd Ave)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,456
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,120
$509.1K
Cap Rate 7%
$363,657
$363.7K
Cap Rate 9%
$282,844
$282.8K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$42.4K $21.96/SF
− Vacancy
−$8.5K −$4.39/SF
EGI
$33.9K $17.57/SF
− OpEx
−$8.5K −$4.39/SF
NOI
$25.5K $13.18/SF
Area
Warren 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%
$509,120
Cap Rate 7%
$363,657
Cap Rate 9%
$282,844
Alternative Uses
Best Use
Office B
$363.7K
$318.2K – $424.3K
NOI $25,456 @ 7.0% cap · market cap 6.37%
Second Best
Retail
$355.0K
$310.6K – $414.2K
NOI $24,850 @ 7.0% cap · market cap 6.21%
Theoretical Best
Flex RnD
$1.86M
$1.63M – $2.17M
NOI $130,186 @ 7.0% cap · market cap 32.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
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Business Placement
Demographics for 50125, IA
20,906
Population
8,039
Households
2.6
Avg Household Size
39
Median Age
34%
College-Educated
97%
High-School Grad
162.4 sq mi
ZIP Area
129
Density / Sq Mi
$86,463
Median Household Income
$42,822
Median Earnings
$975
Median Rent
$248,700
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 - ADA-compliant office building with private offices, reception, showroom, and a full kitchen, plus strong highway exposure.
Where is this office building located?
The property is located at 1004 S Jefferson Way Indianola, IA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: ADA‑compliant office building with five or more private office spaces and a reception/entry area; Spacious showroom plus full kitchen and abundant storage throughout; Approximately 100 feet of highly visible highway frontage near 65/69 (Jefferson Way) & Highway 92 (2nd Ave)
