Retail Building with QSR
11406 Forest Ave, Clive, IA 50325
For Sale
Contact for pricing
Flexible retail footprint with existing QSR infrastructure and strong signage exposure along a high-traffic corridor.
Property Size3,022 SF
Price / SF$430.18
Days on Market153
Property Features for 11406 Forest Ave
General Information
Standard status
Size
Property subtype
Investment Type
Site & Location
Traffic Count
Highway Access
Building Details
Year Built
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License IA #701472
(859) 581-1113
Source:
Crexi
Added: Jun 10
Changed: Nov 8
Last Checked: Nov 8 at 8:44AM
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 Bang Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property is a retail development opportunity with existing QSR infrastructure and a flexible building footprint designed to support small-format concepts. The site is oriented around strong signage capability and can accommodate uses such as QSR, coffee, dessert, or other small-format retail operations.
The property is located along University Avenue with exceptional visibility and approximately 28,500 vehicles per day. Easy access to I-80 is a key attribute, with the interstate carrying approximately 107,800 vehicles per day. The surrounding area includes national retailers, and the site is about 10 miles from Des Moines International Airport.
For tenants, owners, or developers, the combination of existing drive-by visibility, highway access, and QSR-ready improvements can help reduce buildout uncertainty for food and beverage and quick-service concepts. The flexible footprint also supports customization for brands seeking a smaller, streamlined retail presence rather than a full-size destination format.
The property is located along University Avenue with exceptional visibility and approximately 28,500 vehicles per day. Easy access to I-80 is a key attribute, with the interstate carrying approximately 107,800 vehicles per day. The surrounding area includes national retailers, and the site is about 10 miles from Des Moines International Airport.
For tenants, owners, or developers, the combination of existing drive-by visibility, highway access, and QSR-ready improvements can help reduce buildout uncertainty for food and beverage and quick-service concepts. The flexible footprint also supports customization for brands seeking a smaller, streamlined retail presence rather than a full-size destination format.
Key Highlights
- Year built 1988
- Retail site on University Avenue with 28,500 vehicles per day and strong signage exposure
- Easy access to I‑80, which carries 107,800 vehicles daily
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,553
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,060
$771.1K
Cap Rate 7%
$550,757
$550.8K
Cap Rate 9%
$428,367
$428.4K
Market Conditions
NOI Build-Up for 3,022 SF
Gross rent
$54.4K $18.00/SF
− Vacancy
−$3.0K −$0.99/SF
EGI
$51.4K $17.01/SF
− OpEx
−$12.9K −$4.25/SF
NOI
$38.6K $12.76/SF
Area
Polk County, IA
Vacancy
5.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,060
Cap Rate 7%
$550,757
Cap Rate 9%
$428,367
Alternative Uses
Best Use
Specialty Retail
$550.8K
$481.9K – $642.6K
NOI $38,553 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$744.3K
$651.2K – $868.3K
NOI $52,098 @ 7.0% cap · market cap 4.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
28,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
984
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50325, IA
18,619
Population
7,455
Households
2.5
Avg Household Size
39
Median Age
60%
College-Educated
95%
High-School Grad
7.7 sq mi
ZIP Area
2,418
Density / Sq Mi
$131,082
Median Household Income
$63,495
Median Earnings
$1,099
Median Rent
$379,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Flexible retail footprint with existing QSR infrastructure and strong signage exposure along a high-traffic corridor.
Where is this conventional restaurant located?
The property is located at 11406 Forest Ave Clive, IA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Year built 1988; Retail site on University Avenue with 28,500 vehicles per day and strong signage exposure; Easy access to I‑80, which carries 107,800 vehicles daily
