Clive Office Building For
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12119 Stratford Drive, Clive, IA 50325
High-visibility office building in Clive's Medical Mile.
Property Size8,040 SF
Price / SF$391.79
Days on Market100
Property Features for 12119 Stratford Drive
General Information
Standard status
Active
Size
8,040 SF
Property subtype
Office
Lease Type
NNN
Building Details
Year Built
2000
Year Renovated
2015
Buildings
1
Listing Agency:
CBRE - Des Moines
(515) 415-6115
Listed By:
Bill Wright · License #IA S33231000
Source:
Crexi
Added: May 22
Changed: Aug 14
Last Checked: Aug 28 at 9:00PM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
Located off University Avenue in Clive's Medical Mile, 12119 Stratford Drive is an office building offering a professional, high-visibility office environment. The 8040-square-foot property features a modern buildout, including private offices, collaborative workspaces, and conference rooms. It provides immediate access to Interstate 80/35, facilitating commutes for employees and clients. Surrounding amenities include restaurants, fitness centers, medical facilities, and retail options. The building offers on-site parking and is suitable for businesses looking to establish or expand their presence in Clive.
Key Highlights
- Premier location in Clive's "Medical Mile" off University Avenue.
- Immediate access to Interstate 80/35.
- Modern buildout with private offices, collaborative workspaces, and conference rooms.
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
$105,935
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
3.36%
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%
$2,118,700
$2.1M
Cap Rate 7%
$1,513,357
$1.5M
Cap Rate 9%
$1,177,056
$1.2M
Market Conditions
NOI Build-Up for 8,040 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
$176.6K $21.96/SF
− Vacancy
−$35.3K −$4.39/SF
EGI
$141.2K $17.57/SF
− OpEx
−$35.3K −$4.39/SF
NOI
$105.9K $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 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%
$2,118,700
Cap Rate 7%
$1,513,357
Cap Rate 9%
$1,177,056
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.77M
NOI $105,935 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$7.74M
$6.77M – $9.03M
NOI $541,768 @ 7.0% cap · market cap 17.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,819
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - High-visibility office building in Clive's Medical Mile.
Where is this office building located?
The property is located at 12119 Stratford Drive Clive, IA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Premier location in Clive's "Medical Mile" off University Avenue.; Immediate access to Interstate 80/35.; Modern buildout with private offices, collaborative workspaces, and conference rooms.
