Flex Building with Fenced
For Sale
Contact for pricing
1427 Northwest 81st Street, Clive, IA 50325
C2-zoned property combines office and warehouse areas with overhead-door access.
Property Size6,655 SF
Price / SF$84.15
Days on Market14
Property Features for 1427 Northwest 81st Street
General Information
Standard status
Active
Size
6,655 SF
Property subtype
Office, Industrial, Mixed Use
Zoning
C2
Investment Type
Owner/User
Site & Location
Road Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Warehouse Space
3,655 SF
Office Build-Out
3,000 SF
Amenities
Washer/Dryer Hookups
Building Details
Year Built
1986
Buildings
1
Units
1
Building Size
6,655 SF
Listing Agency:
CDM Real Estate Services
(515) 901-3403
Listed By:
Jesse Caston · License #IA S58006000
Source:
Crexi
Added: Jul 29
Changed: Aug 9
Last Checked: Aug 10 at 12:04PM
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 CDM Real Estate Services
Investment Insights
Based on property information with market context.
This 6,655 SF flex property, constructed in 1986, combines approximately 3,000 SF of office area with 3,655 SF of warehouse space. The warehouse component is divided into two areas and includes overhead doors, while washer/dryer hookups add practical utility. A fenced yard is also part of the property.
Zoned C2, the building is positioned on Northwest 81st Street in Clive, just north of University Boulevard. The configuration brings office and warehouse functions together within one commercial property, with the site layout supporting businesses that require both administrative and storage or work areas.
Zoned C2, the building is positioned on Northwest 81st Street in Clive, just north of University Boulevard. The configuration brings office and warehouse functions together within one commercial property, with the site layout supporting businesses that require both administrative and storage or work areas.
Key Highlights
- 6,655 SF flex building constructed in 1986
- Approximately 3,000 SF of office space
- 3,655 SF of warehouse space
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
$27,287
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
4.87%
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%
$545,740
$545.7K
Cap Rate 7%
$389,814
$389.8K
Cap Rate 9%
$303,189
$303.2K
Market Conditions
NOI Build-Up for 6,655 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
$42.3K $6.36/SF
− Vacancy
−$3.3K −$0.50/SF
EGI
$39.0K $5.86/SF
− OpEx
−$11.7K −$1.76/SF
NOI
$27.3K $4.10/SF
Area
Polk County, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
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%
$545,740
Cap Rate 7%
$389,814
Cap Rate 9%
$303,189
Alternative Uses
Best Use
Flex RnD
$6.41M
$5.61M – $7.47M
NOI $448,441 @ 7.0% cap · market cap 80.08%
Second Best
Warehouse
$5.36M
$4.69M – $6.25M
NOI $375,110 @ 7.0% cap · market cap 66.98%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,045
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - C2-zoned property combines office and warehouse areas with overhead-door access.
Where is this flex space located?
The property is located at 1427 Northwest 81st Street Clive, IA.
What is the asking price?
The asking price for this property is $560,000.
What are key features of this property?
This property features: 6,655 SF flex building constructed in 1986; Approximately 3,000 SF of office space; 3,655 SF of warehouse space
