Building Details

Building Size 1,440 SF

Year Built 2017

Stories 1

Listing Agency: Lind Realty d***@remax.net Show Phone

Listed By: Daniel Lind Show Phone

Source: Allinonerealestateco

Added: Aug 14 Changed: Aug 22 Last Checked: Aug 22 at 4:19AM

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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 Lind Realty

Investment Insights

Based on property information with market context.

Constructed in 2017, this professional office building provides six private offices, including two 10 x 10 rooms and four additional offices. The layout also includes a secretary or reception area, sitting area, conference or meeting room, kitchenette, and bathroom. Modern finishes, recessed lighting, and a clean interior support a polished business setting. Electrical service is provided by a 200 amp panel.

The property is located at 808 S Washington Boulevard in Camanche, Iowa, with direct exposure along Washington Boulevard and convenient access. A private parking lot accommodates 9 vehicles, including accessible parking. The existing configuration is suited to professional office operations, service-based businesses, or other commercial uses compatible with the current layout.

Key Highlights

• Six private offices, including two 10 x 10 rooms and four additional office spaces
• Reception area, sitting area, conference room, kitchenette, and bathroom
• Built in 2017 with modern finishes and recessed lighting

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

$9,431

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

3.93%

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%

$188,620 $188.6K

Cap Rate 7%

$134,729 $134.7K

Cap Rate 9%

$104,789 $104.8K

Market Conditions

NOI Build-Up for 1,440 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

$16.6K $11.52/SF

− Vacancy

−$4.0K −$2.79/SF

EGI

$12.6K $8.73/SF

− OpEx

−$3.1K −$2.18/SF

NOI

$9.4K $6.55/SF

Area

Clinton County, IA

Vacancy

24.20%

Lease Rate

$11.52 /SF/Yr

Expense Ratio

25.00%

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%

$188,620

Cap Rate 7%

$134,729

Cap Rate 9%

$104,789

Alternative Uses

Best Use

Office B

$134.7K

$117.9K – $157.2K (±1% cap)

NOI $9,431 @ 7.0% cap · market cap 3.93%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$211.8K

$185.3K – $247.1K (±1% cap)

NOI $14,823 @ 7.0% cap · market cap 6.18%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Office buildings

Suggested Use

Top Pick Dental Office Real Estate Agency Spa & Massage Center HVAC Service Restaurant Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

140

Businesses Nearby

Explore this area Business Placement

Demographics for 52730, IA

5,009

Population

2,100

Households

2.4

Avg Household Size

45

Median Age

20%

College-Educated

97%

High-School Grad

37.9 sq mi

ZIP Area

132

Density / Sq Mi

$68,727

Median Household Income

$37,282

Median Earnings

$818

Median Rent

$175,900

Median Home Value

Market

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

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Frequently Asked Questions

What type of property is this?

Office building - Built in 2017 with reception, meeting, kitchenette, and dedicated parking for professional operations.

Where is this office building located?

The property is located at 808 S Washington Boulevard Camanche, IA.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: Six private offices, including two 10 x 10 rooms and four additional office spaces; Reception area, sitting area, conference room, kitchenette, and bathroom; Built in 2017 with modern finishes and recessed lighting