Modern Medical Office
For Sale
$2,285,000
8831 Windsor Parkway, Johnston, IA 50131
Newly constructed Class A office building with an efficient layout, high-end finishes, and ample on-site parking.
Property Size7,459 SF
Price / SF$306.34
Days on Market98
Property Features for 8831 Windsor Parkway
General Information
Standard status
Active
Size
7,459 SF
Class
Class A
Property subtype
Office
Listing Agency:
CBRE
Listed By:
Bill Wright · License #S33231000
(515) 210-3050
Source:
Cbre
Added: Jul 18
Changed: Oct 21
Last Checked: Oct 20 at 6:33PM
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 CBRE
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Investment Insights
Based on property information with market context.
This newly constructed office building features a modern design, high-end finishes, and an efficient interior layout suited for professional users. The exterior presents a polished, professional appearance with a strong curb presence, supporting a Class A environment.
The property provides immediate access to the NW 86th Street and NW 100th Street corridors. It is positioned within a well-established business park and surrounded by residential neighborhoods and continued housing development.
For practical operations, the building includes ample on-site parking, along with existing infrastructure intended to support high-finish or medical office use.
The property provides immediate access to the NW 86th Street and NW 100th Street corridors. It is positioned within a well-established business park and surrounded by residential neighborhoods and continued housing development.
For practical operations, the building includes ample on-site parking, along with existing infrastructure intended to support high-finish or medical office use.
Key Highlights
- Newly constructed Class A office building with an efficient layout and modern design
- High‑end finishes throughout
- Ample on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,280
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,965,600
$2.0M
Cap Rate 7%
$1,404,000
$1.4M
Cap Rate 9%
$1,092,000
$1.1M
Market Conditions
NOI Build-Up for 7,459 SF
Gross rent
$163.8K $21.96/SF
− Vacancy
−$32.8K −$4.39/SF
EGI
$131.0K $17.57/SF
− OpEx
−$32.8K −$4.39/SF
NOI
$98.3K $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 Rate 5%
$1,965,600
Cap Rate 7%
$1,404,000
Cap Rate 9%
$1,092,000
Alternative Uses
Best Use
Office B
$1.40M
$1.23M – $1.64M
NOI $98,280 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$7.18M
$6.28M – $8.38M
NOI $502,618 @ 7.0% cap · market cap 22.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
460
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Newly constructed Class A office building with an efficient layout, high-end finishes, and ample on-site parking.
Where is this office building located?
The property is located at 8831 Windsor Parkway Johnston, IA.
What is the asking price?
The asking price for this property is $2,285,000.
What are key features of this property?
This property features: Newly constructed Class A office building with an efficient layout and modern design; High‑end finishes throughout; Ample on‑site parking
