Two-Story Office
New
For Sale
Contact for pricing
13001 University Ave, Clive, IA 50325
Office property with finished lower-level space and a multi-acre site.
Property Size42,161 SF
Lot Size2.99 Acres
Price / SF$144.68
Days on Market6
Property Features for 13001 University Ave
General Information
Standard status
Active
Size
42,161 SF
Lot size
2.99 Acres
Property subtype
OFFICE
Additional Details
Asking Price
$6,100,000
Building Details
Building Size
42,161 SF
Listing Agency:
Knapp Properties, L.C.
(505) 202-5035
Listed By:
Korey Birkenholtz · License #S59334000
(515) 480-6596
Source:
Moodyscre
Added: Sep 10
Changed: Sep 12
Last Checked: Sep 15 at 7:06AM
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 Knapp Properties, L.C.
Investment Insights
Based on property information with market context.
The property comprises a 42,161 SF ± office building at 13001 University Ave in Clive, Iowa. Floors 1 and 2 contain approximately 27,208 SF ±, while the lower level adds 14,953 SF ±, including 10,582 SF ± of finished area.
The building occupies a 2.99-acre ± parcel, providing a substantial site for an office asset. Its combination of above-grade workspace and finished lower-level area supports a range of administrative, professional, and corporate office configurations.
The building occupies a 2.99-acre ± parcel, providing a substantial site for an office asset. Its combination of above-grade workspace and finished lower-level area supports a range of administrative, professional, and corporate office configurations.
Key Highlights
- 42,161 SF ± total building area
- 27,208 SF ± across floors 1 and 2
- 14,953 SF ± total lower‑level area
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
$555,513
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
9.11%
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%
$11,110,260
$11.1M
Cap Rate 7%
$7,935,900
$7.9M
Cap Rate 9%
$6,172,367
$6.2M
Market Conditions
NOI Build-Up for 42,161 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
$925.9K $21.96/SF
− Vacancy
−$185.2K −$4.39/SF
EGI
$740.7K $17.57/SF
− OpEx
−$185.2K −$4.39/SF
NOI
$555.5K $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%
$11,110,260
Cap Rate 7%
$7,935,900
Cap Rate 9%
$6,172,367
Alternative Uses
Best Use
Office B
$7.94M
$6.94M – $9.26M
NOI $555,513 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$40.59M
$35.51M – $47.35M
NOI $2,840,979 @ 7.0% cap · market cap 46.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,969
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Office property with finished lower-level space and a multi-acre site.
Where is this office building located?
The property is located at 13001 University Ave Clive, IA.
What is the asking price?
The asking price for this property is $6,100,000.
What are key features of this property?
This property features: 42,161 SF ± total building area; 27,208 SF ± across floors 1 and 2; 14,953 SF ± total lower‑level area
