Building Details

Building Size 3,564 SF

Year Built 1987

Stories 1

Listing Agency: IOWA REALTY Show Phone

Listed By: Ali Rashid Show Phone

Source: Pinnaclerealtyia

Added: May 8 Changed: Oct 15 Last Checked: Oct 20 at 5:18PM

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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 IOWA REALTY

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Investment Insights

Based on property information with market context.

This office suite totals 3,564 SF and includes an oversized front window, along with a reception area and break room. The interior layout is designed to support workspace flexibility, making it suitable for a range of office configurations within the available footprint.

The property is located at 138 Eldora Rd in Hudson, IA. It is being offered for sale.

Additional details beyond the listed interior features were not provided, so buyers should confirm the full layout and any remaining build-out specifics during due diligence.

Key Highlights

• Office suite built in 1987
• 3,564 SF office space with an oversized front window
• Includes reception area and break room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,394

Suggested Prices Based on Cap Rates

Cap Rate 5%

$407,880 $407.9K

Cap Rate 7%

$291,343 $291.3K

Cap Rate 9%

$226,600 $226.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,114 SF

Gross rent

$35.9K $11.52/SF

− Vacancy

−$8.7K −$2.79/SF

EGI

$27.2K $8.73/SF

− OpEx

−$6.8K −$2.18/SF

NOI

$20.4K $6.55/SF

Area

Black Hawk 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 Rate 5%

$407,880

Cap Rate 7%

$291,343

Cap Rate 9%

$226,600

Alternative Uses

Best Use

Office B

$291.3K

$254.9K – $339.9K (±1% cap)

NOI $20,394 @ 7.0% cap · market cap 728.36%

Second Best

—

—

no second resolved use

Theoretical Best

Mixed Use

$3.90M

$3.42M – $4.55M (±1% cap)

NOI $273,254 @ 7.0% cap · market cap 9,759.07%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Office Units

Suggested Use

Top Pick Building Supply Electrical Service Pharmacy Grocery & Convenience Store Kitchen & Bath Showroom Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

170

Businesses Nearby

Explore this area Business Placement

Demographics for 50643, IA

2,819

Population

1,156

Households

2.4

Avg Household Size

41

Median Age

41%

College-Educated

99%

High-School Grad

57.6 sq mi

ZIP Area

49

Density / Sq Mi

$120,724

Median Household Income

$56,058

Median Earnings

$1,090

Median Rent

$240,800

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Office unit - Office suite offering reception space, break room, and flexible workspace layout in a single offering.

Where is this office unit located?

The property is located at 138 Eldora Road Hudson, IA.

What are key features of this property?

This property features: Office suite built in 1987; 3,564 SF office space with an oversized front window; Includes reception area and break room