Office Building with Available
For Sale
$2,200,000
1320 19TH Avenue NW, Clinton, IA 52732
C-2m-zoned office property near Highway 30 with a configurable suite and established mental health center occupancy.
Property Size18,360 SF
Price / SF$119.83
Days on Market269
Property Features for 1320 19TH Avenue NW
General Information
Standard status
Active
Size
18,360 SF
Property subtype
Commercial
Zoning
C-2m
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
18,360 SF
Year Built
2007
Buildings
1
Owner Occupied
No
Abandoned
No
Listing Agency:
Hawkeye Commercial Real Estate
(563) 344-4295
Listed By:
Max Gellerman · License #S69838000/475199257
(563) 344-4295
Source:
Midwestrealestate
Added: Nov 25, 2025
Changed: Aug 18
Last Checked: Aug 20 at 1:18PM
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 Hawkeye Commercial Real Estate
Investment Insights
Based on property information with market context.
This 18,360-square-foot office building, constructed in 2007, includes 11,860 square feet occupied by Bridgeview Community Mental Health Center and 6,500 square feet available for lease. The available suite is configured with 8–10 private offices, a reception area, storage, an IT/server room, a conference room, and restrooms.
The property is positioned just off Mill Creek Parkway with quick access to Highway 30. C-2m zoning and the combination of existing occupancy and leasable office space provide a defined commercial configuration for ownership or leasing consideration.
The property is positioned just off Mill Creek Parkway with quick access to Highway 30. C-2m zoning and the combination of existing occupancy and leasable office space provide a defined commercial configuration for ownership or leasing consideration.
Key Highlights
- 18,360 SF office building constructed in 2007
- 11,860 SF occupied by Bridgeview Community Mental Health Center
- 6,500 SF available for lease
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
$120,242
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
5.47%
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%
$2,404,840
$2.4M
Cap Rate 7%
$1,717,743
$1.7M
Cap Rate 9%
$1,336,022
$1.3M
Market Conditions
NOI Build-Up for 18,360 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
$211.5K $11.52/SF
− Vacancy
−$51.2K −$2.79/SF
EGI
$160.3K $8.73/SF
− OpEx
−$40.1K −$2.18/SF
NOI
$120.2K $6.55/SF
Area
Clinton County, IA
Vacancy
24.20%
Lease Rate
$11.52 /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%
$2,404,840
Cap Rate 7%
$1,717,743
Cap Rate 9%
$1,336,022
Alternative Uses
Best Use
Office B
$1.72M
$1.50M – $2.00M
NOI $120,242 @ 7.0% cap · market cap 5.47%
Second Best
Healthcare Medical
$1.52M
$1.33M – $1.77M
NOI $106,229 @ 7.0% cap · market cap 4.83%
Theoretical Best
Specialty Retail
$2.70M
$2.36M – $3.15M
NOI $188,993 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Explore this area
Business Placement
Demographics for 52732, IA
25,808
Population
12,911
Households
2
Avg Household Size
42
Median Age
21%
College-Educated
90%
High-School Grad
109.6 sq mi
ZIP Area
235
Density / Sq Mi
$58,380
Median Household Income
$37,181
Median Earnings
$768
Median Rent
$118,700
Median Home Value
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 - C-2m-zoned office property near Highway 30 with a configurable suite and established mental health center occupancy.
Where is this office building located?
The property is located at 1320 19TH Avenue NW Clinton, IA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 18,360 SF office building constructed in 2007; 11,860 SF occupied by Bridgeview Community Mental Health Center; 6,500 SF available for lease
