Office Building Near Highway
For Sale
$3,050,000
1290 Copper Creek Drive, Pleasant Hill, IA 50327
11,083-square-foot office property on 1.689 acres with nearby dining, recreation, and access to E. University Avenue and Highway 65.
Property Size11,083 SF
Lot Size1.69 Acres
Price / SF$275.20
Days on Market49
Property Features for 1290 Copper Creek Drive
General Information
Standard status
Active
Size
11,083 SF
Lot size
1.69 Acres
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
CBRE - Des Moines
Listed By:
Ajdin Nadarevic · License #F03815000
(515) 415-6114
Source:
Cbre
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 20 at 5:08PM
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
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Investment Insights
Based on property information with market context.
The property includes an 11,083-square-foot office building situated on 1.689 acres at 1290 Copper Creek Dr. Its configuration supports office, medical, and other commercial uses identified for the site.
Positioned near E. University Avenue and Highway 65, the property provides access throughout the Des Moines Metro. The surrounding area includes restaurants, cafes, and quick-service dining serving residential and office users, along with Copper Creek Golf Club, Copper Creek Lake, Iowa State Fair Grounds, walking and biking trails, parks, and green spaces.
Positioned near E. University Avenue and Highway 65, the property provides access throughout the Des Moines Metro. The surrounding area includes restaurants, cafes, and quick-service dining serving residential and office users, along with Copper Creek Golf Club, Copper Creek Lake, Iowa State Fair Grounds, walking and biking trails, parks, and green spaces.
Key Highlights
- 11,083 SF office building on 1.689 acres
- Near E. University Avenue and Highway 65
- Office, medical, and commercial use potential
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,030
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,920,600
$2.9M
Cap Rate 7%
$2,086,143
$2.1M
Cap Rate 9%
$1,622,556
$1.6M
Market Conditions
NOI Build-Up for 11,083 SF
Gross rent
$243.4K $21.96/SF
− Vacancy
−$48.7K −$4.39/SF
EGI
$194.7K $17.57/SF
− OpEx
−$48.7K −$4.39/SF
NOI
$146.0K $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%
$2,920,600
Cap Rate 7%
$2,086,143
Cap Rate 9%
$1,622,556
Alternative Uses
Best Use
Office B
$2.09M
$1.83M – $2.43M
NOI $146,030 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$10.67M
$9.34M – $12.45M
NOI $746,817 @ 7.0% cap · market cap 24.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
Explore this area
Business Placement
Demographics for 50327, IA
11,807
Population
5,077
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
97%
High-School Grad
15.8 sq mi
ZIP Area
747
Density / Sq Mi
$90,759
Median Household Income
$46,177
Median Earnings
$1,219
Median Rent
$303,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - 11,083-square-foot office property on 1.689 acres with nearby dining, recreation, and access to E. University Avenue and Highway 65.
Where is this office building located?
The property is located at 1290 Copper Creek Drive Pleasant Hill, IA.
What is the asking price?
The asking price for this property is $3,050,000.
What are key features of this property?
This property features: 11,083 SF office building on 1.689 acres; Near E. University Avenue and Highway 65; Office, medical, and commercial use potential
