Leased Industrial Laundry
2164 Northwest 108th St Clive, IA 50325
2164 Northwest 108th St, Clive, IA, 50325
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For Sale
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A 1.27-acre industrial property is fully leased to a laundry and dry-cleaning operator.
Property Size13,400 SF
Lot Size1.27 Acres
Price / SF$97.01
Days on Market16
Property Features for 2164 Northwest 108th St
General Information
- Standard status
- Active
- Size
- 13,400 SF
- Lot size
- 1.27 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1999
Listing agency
KW Commercial Greater Des Moines
(515) 334-4900
Listed by
Mick Grossman · License #IA S43534000
Source
Crexi
Added: Jul 8 Updated: Jul 22 at 9:22PM Checked: Jul 22 at 9:22PM
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 KW Commercial Greater Des Moines
Investment Insights
Based on property information with market context.
This commercial industrial property is fully leased to an established laundry and dry-cleaning operator. The facility is designed for high-volume laundry and garment processing operations, with a proven operating history serving the market since 1999. The current lease term has approximately 8 years remaining, supporting long-term, stable cash flow with minimal landlord responsibilities.
The property is located in Clive, IA, just minutes from the I-35/I-80 interchange.
With a dedicated operating layout for laundry and garment processing, the site is positioned to support continued operations under the existing lease.
The property is located in Clive, IA, just minutes from the I-35/I-80 interchange.
With a dedicated operating layout for laundry and garment processing, the site is positioned to support continued operations under the existing lease.
Key Highlights
- 1.27‑acre commercial industrial property in Clive, IA, fully leased to a laundry and dry‑cleaning operator
- Built in 1999 and designed for high‑volume laundry and garment processing operations
- Property is fully leased with approximately 8 years remaining on the current lease term
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.2k | $6.36 |
| − Vacancy | −$6.7k | −$0.50 |
| EGI | $78.5k | $5.86 |
| − OpEx | −$23.5k | −$1.76 |
| NOI | $54.9k | $4.10 |
13,400 SF · lease $6.36/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$784.9K
$686.8K – $915.7K
NOI $54,944 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$12.90M
$11.29M – $15.05M
NOI $902,946 @ 7.0% cap · market cap 69.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
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FAQs
What type of property is this?
Manufacturing property - A 1.27-acre industrial property is fully leased to a laundry and dry-cleaning operator.
Where is this manufacturing property located?
The property is located at 2164 Northwest 108th St Clive, IA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 1.27‑acre commercial industrial property in Clive, IA, fully leased to a laundry and dry‑cleaning operator; Built in 1999 and designed for high‑volume laundry and garment processing operations; Property is fully leased with approximately 8 years remaining on the current lease term
