5277 PINECREEK Lane B, Panarama Park, IA 52722

Building Details

Year Built 2026 More

Buildings 1 More

Units 3 More

Listing Agency: QC Iowa Realty

Listed By: Ted Rebitzer · License IA B38620000, IA 475.137470 Show Phone

Source: Crexi

Added: Nov 12, 2024 Changed: Nov 3 Last Checked: Nov 8 at 9:26AM

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Investment Insights

Based on property information with market context.

New construction office condos are available for sale in Woodlands business park. Construction is scheduled to begin in March 2026, with shell completion expected in July 2026. An investment of $347,226 allows you to own your office space of approximately 1,478 square feet in an in-line office suite. This price covers a warm vanilla shell, with an estimated additional cost of $72 per square foot to complete the office suite. The development will feature three office condos, including an end cap unit of approximately 1,333 square feet and an in-line space of 1,478 square feet, totaling approximately 4,250 square feet for the entire building. The finished office suites are designed for an efficient layout, accommodating 3-4 private offices, a conference room, a reception area, and a work area. The developer is open to customizing the office space to meet specific needs. The use of high-quality, durable exterior materials and Pella windows aims to minimize operating expenses.

Key Highlights

• Own your office space in Woodlands business park for $347,226.
• New construction condo with shell completion expected July 2026.
• Customize your office space with developer collaboration.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,707

Cap Rate

8.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$574,140 $574.1K

Cap Rate 7%

$410,100 $410.1K

Cap Rate 9%

$318,967 $319.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,250 SF

Gross rent

$48.5K $11.40/SF

− Vacancy

−$10.2K −$2.39/SF

EGI

$38.3K $9.01/SF

− OpEx

−$9.6K −$2.25/SF

NOI

$28.7K $6.75/SF

Area

Scott County, IA

Vacancy

21.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$574,140

Cap Rate 7%

$410,100

Cap Rate 9%

$318,967

Alternative Uses

Best Use

Office B

$410.1K

$358.8K – $478.5K (±1% cap)

NOI $28,707 @ 7.0% cap · market cap 8.27%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$754.1K

$659.8K – $879.8K (±1% cap)

NOI $52,785 @ 7.0% cap · market cap 15.20%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office Units

Location Intelligence

Trade Area within ½ mile

172

Businesses Nearby

Explore this area Business Placement

Demographics for 52722, IA

40,629

Population

17,460

Households

2.3

Avg Household Size

40

Median Age

52%

College-Educated

97%

High-School Grad

26.3 sq mi

ZIP Area

1,545

Density / Sq Mi

$105,763

Median Household Income

$59,365

Median Earnings

$1,150

Median Rent

$300,800

Median Home Value

Market

Average Price Trend$/SF for Office Units in Scott County, IA

$41.97 Jul

$64.73 Aug

$59.25 Sep

$58.42 Oct

Properties on Market for Office Units in Scott County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Frequently Asked Questions

What type of property is this?

Office unit - New construction office condos for sale in Woodlands business park.

Where is this office unit located?

The property is located at 5277 PINECREEK Lane B Panarama Park, IA.

What is the asking price?

The asking price for this property is $347,226.

What are key features of this property?

This property features: Own your office space in Woodlands business park for $347,226.; New construction condo with shell completion expected July 2026.; Customize your office space with developer collaboration.