Industrial Warehouse with Multiple
For Sale
$300,000
1600 12th Avenue, Clinton, IA 52732
Steel-frame warehouse offering three drive-in doors on one side and an additional drive-in door on the other.
Property Size5,280 SF
Days on Market53
Property Features for 1600 12th Avenue
General Information
Standard status
Active
Size
5,280 SF
Property subtype
Commercial
Zoning
INDUS
Taxes and HOA fees
Annual Taxes
$6,778
Building Details
Building Size
5,280 SF
Year Built
2011
Stories
1
Listing Agency:
Coldwell Banker Howes & Jefferies REALTORS
(563) 242-3265
Listed By:
Dennis Lauver · License #B63532000
(563) 242-3265
Source:
Perillorealestategroup
Added: Jul 2
Changed: Aug 23
Last Checked: Aug 18 at 5:58AM
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 Coldwell Banker Howes & Jefferies REALTORS
Investment Insights
Based on property information with market context.
This industrial warehouse features quality steel-frame siding and roofing. The building is configured with multiple drive-in doors for straightforward loading and access, including three drive-in doors on one side and another drive-in door on the opposite side.
The property is offered for sale in Clinton, IA at 1600 12th Ave S.
With its steel-frame construction and drive-in door layout, the facility is designed to support practical warehouse and distribution operations where vehicle access is important.
The property is offered for sale in Clinton, IA at 1600 12th Ave S.
With its steel-frame construction and drive-in door layout, the facility is designed to support practical warehouse and distribution operations where vehicle access is important.
Key Highlights
- Built in 2011 steel‑frame warehouse with steel siding and roofing
- Three drive‑in doors on one side
- Additional drive‑in door on the opposite side
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
$25,510
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
8.50%
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%
$510,200
$510.2K
Cap Rate 7%
$364,429
$364.4K
Cap Rate 9%
$283,444
$283.4K
Market Conditions
NOI Build-Up for 5,280 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
$38.6K $7.32/SF
− Vacancy
−$2.2K −$0.42/SF
EGI
$36.4K $6.90/SF
− OpEx
−$10.9K −$2.07/SF
NOI
$25.5K $4.83/SF
Area
Clinton County, IA
Vacancy
5.71%
Lease Rate
$7.32 /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%
$510,200
Cap Rate 7%
$364,429
Cap Rate 9%
$283,444
Alternative Uses
Best Use
Warehouse
$442.5K
$387.2K – $516.3K
NOI $30,976 @ 7.0% cap · market cap 10.33%
Second Best
Industrial
$364.4K
$318.9K – $425.2K
NOI $25,510 @ 7.0% cap · market cap 8.50%
Theoretical Best
Specialty Retail
$776.4K
$679.4K – $905.9K
NOI $54,351 @ 7.0% cap · market cap 18.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
194
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- APMS Storage — 1801 S 21st St, Clinton, IA 52732
- Apms Storage — Manufacturing Dr, Clinton, IA 52732
- United Storage — Clinton, IA 52732
- ILLowa Storage — 1723 14th Ave S, Clinton, IA 52732
Frequently Asked Questions
What type of property is this?
Warehouse - Steel-frame warehouse offering three drive-in doors on one side and an additional drive-in door on the other.
Where is this warehouse located?
The property is located at 1600 12th Avenue Clinton, IA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Built in 2011 steel‑frame warehouse with steel siding and roofing; Three drive‑in doors on one side; Additional drive‑in door on the opposite side
