Class A Office Investment
2680 Berkshire Parkway, Clive, IA 50325
For Sale
$3,757,600
Class A office building in Clive, Iowa for sale.
Property Size18,788 SF
Price / SF$200
Days on Market172
Property Features for 2680 Berkshire Parkway
General Information
Standard status
Size
Property subtype
Listing Agency:
CBRE
Listed By:
Bill Wright · License IA S33231000
(515) 210-3050
Source:
Cbre
Added: May 22
Changed: Aug 8
Last Checked: Jul 24 at 11:28AM
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
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Investment Insights
Based on property information with market context.
This Class A office building is located in Clive, Iowa. The property is situated in a serene setting surrounded by mature woods, located seconds north of Hickman Road, a main east/west arterial through the Des Moines Metro. Nearby amenities and services are easily accessible. The office park provides access to the Raccoon River Valley Trail and the Country Club Glen Park. Waukee Town Center, anchored by Target and Hy-Vee Grocery, is located 1.2 miles to the west. Vibrant Music Hall is located just 3.5 miles to the south. The property has a size of 18788 square feet.
Key Highlights
- Class A office investment opportunity.
- Serene setting surrounded by mature woods.
- Located seconds north of Hickman Road, a main east/west arterial.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$247,551
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,951,020
$5.0M
Cap Rate 7%
$3,536,443
$3.5M
Cap Rate 9%
$2,750,567
$2.8M
Market Conditions
NOI Build-Up for 18,788 SF
Gross rent
$412.6K $21.96/SF
− Vacancy
−$82.5K −$4.39/SF
EGI
$330.1K $17.57/SF
− OpEx
−$82.5K −$4.39/SF
NOI
$247.6K $13.18/SF
Area
Polk County, IA
Vacancy
20.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,951,020
Cap Rate 7%
$3,536,443
Cap Rate 9%
$2,750,567
Alternative Uses
Best Use
Office B
$3.54M
$3.09M – $4.13M
NOI $247,551 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.63M
$4.05M – $5.40M
NOI $323,899 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
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
$379,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Polk County, IA
Properties on Market for Office buildings in Polk County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building in Clive, Iowa for sale.
Where is this office building located?
The property is located at 2680 Berkshire Parkway Clive, IA.
What is the asking price?
The asking price for this property is $3,757,600.
What are key features of this property?
This property features: Class A office investment opportunity.; Serene setting surrounded by mature woods.; Located seconds north of Hickman Road, a main east/west arterial.
