Two-Story Office
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 Market53
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: Oct 25
Last Checked: Oct 30 at 5:28PM
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.
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$555,513
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,969
Businesses Nearby
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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
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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 - 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
