Medical Office Suite With Exam
New
For Sale
Contact for pricing
8711 Windsor Pkwy Suite 8, Johnston, IA 50131
Configured for medical, office, or retail use with reception, support, and restroom areas.
Property Size2,010 SF
Price / SF$226.37
Days on Market4
Property Features for 8711 Windsor Pkwy Suite 8
General Information
Standard status
Active
Size
2,010 SF
Property subtype
Office, Retail
Zoning
Commercial
Lease Type
NNN
Investment Type
Owner/User
Building Details
Year Built
2006
Buildings
1
Tenancy
Single
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
Listed By:
Brandon Fitz · License #S69344000
(515) 226-8016
Source:
Crexi
Added: Aug 31
Changed: Sep 2
Last Checked: Sep 2 at 1:56PM
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 Cushman & Wakefield Iowa Commercial Advisors
Investment Insights
Based on property information with market context.
Suite 8 at Windsor Office Park provides 2,010 square feet of commercial space built in 2006. The layout includes seven exam rooms or offices, two restrooms, a lobby, reception area, additional office space, a mechanical room, and a laundry or storage area. The configuration supports medical, office, or retail occupancy.
The property is located in Johnston, Iowa, within a business community that includes John Deere Financial and Corteva Agriscience. The suite is positioned at 8711 Windsor Pkwy, Suite 8.
The property is located in Johnston, Iowa, within a business community that includes John Deere Financial and Corteva Agriscience. The suite is positioned at 8711 Windsor Pkwy, Suite 8.
Key Highlights
- 2,010‑square‑foot medical office suite
- Seven exam rooms or offices
- Two restrooms with lobby and reception area
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
$26,484
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
5.82%
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%
$529,680
$529.7K
Cap Rate 7%
$378,343
$378.3K
Cap Rate 9%
$294,267
$294.3K
Market Conditions
NOI Build-Up for 2,010 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
$44.1K $21.96/SF
− Vacancy
−$8.8K −$4.39/SF
EGI
$35.3K $17.57/SF
− OpEx
−$8.8K −$4.39/SF
NOI
$26.5K $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 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%
$529,680
Cap Rate 7%
$378,343
Cap Rate 9%
$294,267
Alternative Uses
Best Use
Office B
$378.3K
$331.1K – $441.4K
NOI $26,484 @ 7.0% cap · market cap 5.82%
Second Best
Healthcare Medical
$318.6K
$278.7K – $371.7K
NOI $22,299 @ 7.0% cap · market cap 4.90%
Theoretical Best
Flex RnD
$1.93M
$1.69M – $2.26M
NOI $135,442 @ 7.0% cap · market cap 29.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
596
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50131, IA
24,434
Population
9,975
Households
2.4
Avg Household Size
37
Median Age
58%
College-Educated
97%
High-School Grad
23.7 sq mi
ZIP Area
1,031
Density / Sq Mi
$103,316
Median Household Income
$61,532
Median Earnings
$1,284
Median Rent
$347,100
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for medical, office, or retail use with reception, support, and restroom areas.
Where is this medical office space located?
The property is located at 8711 Windsor Pkwy Suite 8 Johnston, IA.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 2,010‑square‑foot medical office suite; Seven exam rooms or offices; Two restrooms with lobby and reception area
