Well-Maintained Medical Office
For Sale
Contact for pricing
810 Central Ave, Hawarden, IA 51027
Built in 2007, the building includes reception, multiple exam rooms, private offices, restrooms, and staff space.
Property Size3,000 SF
Price / SF$116.67
Days on Market51
Property Features for 810 Central Ave
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Special Purpose
Additional Details
Road Access
Yes
Building Details
Year Built
2007
Listing Agency:
Century 21 Prolink Le Mars
(712) 389-6862
Listed By:
Dustin Houlton · License #IA
Source:
Crexi
Added: Jul 9
Changed: Aug 25
Last Checked: Aug 25 at 9:53PM
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 Century 21 Prolink Le Mars
Investment Insights
Based on property information with market context.
Built in 2007, this well-maintained commercial building is approximately 3,000 square feet and has most recently operated as a dental office. The interior offers a welcoming reception area, multiple treatment or exam rooms, private offices, restrooms, and staff space, supporting a functional setup for professional and medical uses. Existing plumbing and infrastructure are already in place, which may appeal to dental, medical, or other healthcare professionals, while the flexible floor plan can also support a range of office-oriented businesses.
Located at 810 Central Ave in Hawarden, IA, the property sits on a level lot on Main Street, providing strong visibility and convenient access for clients and customers.
The layout is designed to support day-to-day operations with both patient-facing and administrative space, including dedicated restroom and staff areas.
Located at 810 Central Ave in Hawarden, IA, the property sits on a level lot on Main Street, providing strong visibility and convenient access for clients and customers.
The layout is designed to support day-to-day operations with both patient-facing and administrative space, including dedicated restroom and staff areas.
Key Highlights
- Built in 2007, approximately 3,000 SF commercial building on a level lot
- Previously operated as a dental office with a layout featuring a welcoming reception area
- Includes multiple treatment/exam rooms for healthcare or professional use
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
$29,678
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
8.48%
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%
$593,560
$593.6K
Cap Rate 7%
$423,971
$424.0K
Cap Rate 9%
$329,756
$329.8K
Market Conditions
NOI Build-Up for 3,000 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
$54.0K $18.00/SF
− Vacancy
−$4.5K −$1.51/SF
EGI
$49.5K $16.49/SF
− OpEx
−$19.8K −$6.60/SF
NOI
$29.7K $9.89/SF
Area
Sioux County, IA
Vacancy
8.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
40.00%
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%
$593,560
Cap Rate 7%
$423,971
Cap Rate 9%
$329,756
Alternative Uses
Best Use
Office B
$467.3K
$408.9K – $545.2K
NOI $32,714 @ 7.0% cap · market cap 9.35%
Second Best
Healthcare Medical
$424.0K
$371.0K – $494.6K
NOI $29,678 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$624.9K
$546.8K – $729.1K
NOI $43,745 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 51027, IA
1,302
Population
558
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
90.0 sq mi
ZIP Area
14
Density / Sq Mi
$91,875
Median Household Income
$37,351
Median Earnings
$1,100
Median Rent
$219,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Built in 2007, the building includes reception, multiple exam rooms, private offices, restrooms, and staff space.
Where is this medical office space located?
The property is located at 810 Central Ave Hawarden, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Built in 2007, approximately 3,000 SF commercial building on a level lot; Previously operated as a dental office with a layout featuring a welcoming reception area; Includes multiple treatment/exam rooms for healthcare or professional use
