Building Details

Year built 2007

Roof type Shingle

Listing Agency: Century 21 ProLink - Le Mars Show Phone

Listed By: Dustin Houlton · License #S56864 Show Phone

Added: Jul 7 Changed: Oct 14 Last Checked: Oct 14 at 11:06PM

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MLS# 833712

Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 2007, this medical office building contains approximately 3,000 square feet on a 0.1492-acre lot. The interior includes a reception area, treatment and examination rooms, private offices, restrooms, and staff space. Existing plumbing is in place, and the property was most recently used for dental operations.

Commercial zoning applies. Building systems include forced-air heating and central air conditioning, with a shingle roof.

Key Highlights

• Approximately 3,000 square feet of building area
• Commercial zoning
• Built in 2007

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,678

Cap Rate

8.48%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $32,714 @ 7.0% cap · market cap 9.35%

Second Best

Healthcare Medical

$424.0K

$371.0K – $494.6K (±1% cap)

NOI $29,678 @ 7.0% cap · market cap 8.48%

Theoretical Best

Office A

$624.9K

$546.8K – $729.1K (±1% cap)

NOI $43,745 @ 7.0% cap · market cap 12.50%

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

Property Analytics

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Current Use

Heidi Draayer Dental Office Family First Dental ... Dental Office Dr. Alyhany Morshed, ... Dental Office

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Electrical Service

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

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

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Existing plumbing and a multi-room layout provide practical infrastructure for clinical or professional operations.

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: Approximately 3,000 square feet of building area; Commercial zoning; Built in 2007