Leased Industrial Laundry
For Sale
Contact for pricing
2164 Northwest 108th St, Clive, IA 50325
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 Market109
Property Features for 2164 Northwest 108th St
General Information
Standard status
Active
Size
13,400 SF
Lot size
1.27 Acres
Property subtype
Industrial
Occupancy
100%
Building Details
Year Built
1999
Tenancy
Single
Listing Agency:
KW Commercial Greater Des Moines
Listed By:
Mick Grossman · License #IA S43534000
(712) 299-2399
Source:
Crexi
Added: Jul 8
Changed: Oct 18
Last Checked: Oct 23 at 5:02AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,944
Cap Rate
4.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,098,880
$1.1M
Cap Rate 7%
$784,914
$784.9K
Cap Rate 9%
$610,489
$610.5K
Market Conditions
NOI Build-Up for 13,400 SF
Gross rent
$85.2K $6.36/SF
− Vacancy
−$6.7K −$0.50/SF
EGI
$78.5K $5.86/SF
− OpEx
−$23.5K −$1.76/SF
NOI
$54.9K $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 Rate 5%
$1,098,880
Cap Rate 7%
$784,914
Cap Rate 9%
$610,489
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 authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,001
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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
