Huxley Industrial Property with
For Sale
$4,000,000
201 Campus Drive, Huxley, IA 50124
Industrial space with offices, conference rooms, and cafeteria.
Property Size56,596 SF
Price / SF$70.68
Days on Market101
Property Features for 201 Campus Drive
General Information
Standard status
Active
Size
56,596 SF
Property subtype
Industrial
Listing Agency:
CBRE - Des Moines
(515) 415-6114
Listed By:
Ajdin Nadarevic · License #S700000000
(515) 415-6114
Source:
Cbre
Added: May 22
Changed: Aug 14
Last Checked: Aug 29 at 6:42AM
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 CBRE - Des Moines
Investment Insights
Based on property information with market context.
The property at 201 Campus Drive is located in Huxley, Iowa, providing strategic positioning with convenient access to major highways and close proximity to both Des Moines and Ames. The property is suitable for businesses seeking connectivity and growth opportunities. Constructed between 1992 and 2005, the property is zoned for industrial use. The building features industrial space, offices, conference rooms, a training classroom, and a cafeteria. It includes 4 dock doors and 3 drive-in doors. The property is located 4 miles from I-35. The property size is 56596 square feet.
Key Highlights
- Strategic location with easy access to major highways and proximity to Des Moines and Ames.
- Industrial zoning suitable for various business operations.
- Features offices, conference rooms, a training classroom, and a cafeteria.
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
$272,018
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
6.80%
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%
$5,440,360
$5.4M
Cap Rate 7%
$3,885,971
$3.9M
Cap Rate 9%
$3,022,422
$3.0M
Market Conditions
NOI Build-Up for 56,596 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
$414.3K $7.32/SF
− Vacancy
−$25.7K −$0.45/SF
EGI
$388.6K $6.87/SF
− OpEx
−$116.6K −$2.06/SF
NOI
$272.0K $4.81/SF
Area
Story County, IA
Vacancy
6.20%
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%
$5,440,360
Cap Rate 7%
$3,885,971
Cap Rate 9%
$3,022,422
Alternative Uses
Best Use
Industrial
$3.89M
$3.40M – $4.53M
NOI $272,018 @ 7.0% cap · market cap 6.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.23M
$11.57M – $15.43M
NOI $925,820 @ 7.0% cap · market cap 23.15%
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
Explore this area
Business Placement
Demographics for 50124, IA
4,697
Population
1,717
Households
2.7
Avg Household Size
34
Median Age
58%
College-Educated
98%
High-School Grad
20.7 sq mi
ZIP Area
227
Density / Sq Mi
$122,974
Median Household Income
$63,682
Median Earnings
$1,260
Median Rent
$299,900
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.
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial space with offices, conference rooms, and cafeteria.
Where is this industrial property located?
The property is located at 201 Campus Drive Huxley, IA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Strategic location with easy access to major highways and proximity to Des Moines and Ames.; Industrial zoning suitable for various business operations.; Features offices, conference rooms, a training classroom, and a cafeteria.
