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    Property profile & analytics
    OFF-MARKET Estimated value $1,255,000
    Investment properties

    12035 University Ave, Clive, IA 50325-8264

    12,637 SF 1.45 ac lot Built 2003
    Entity Owned 16-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US25-0433640
    Property summary
    AI-generated overview

    This exceptional sublease opportunity presents a unique chance to secure highly desirable office space at 12035 University Ave. The property offers flexible configurations, accommodating either a single tenant requiring 5,107 square feet encompassing twelve offices, or a shared workspace of 2,400 square feet, comprising five offices. The current lease expires January 2028, with the landlord open to extending the term for suitable tenants. This turnkey space boasts upscale finishes including granite floors and cherry woodwork throughout, a private entrance with first-floor access, and an impressive brick and limestone exterior. Located off University Ave. and 120th St., less than a mile from I-35, this location benefits from excellent visibility and accessibility, with over 27,000 vehicles passing daily. Multiple large offices are available, ideal for use as conference rooms. The current tenant, downsizing their operations, is seeking a sublessee to occupy all or a portion of this highly sought-after office space at an aggressive lease rate. This presents a rare opportunity to secure a premium location in a thriving office corridor.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 2003
    Construction STEEL FRAME
    Total area 12,637 SF
    Lot 1.45 ac (63,206 SF)
    Zoning code C-3
    APN 291/00557-722-000
    UPID US25-0433640
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.41M
    Blend (final) Blend
    $1.26M
    Owner & transaction history
    North University Props LLC · 16 yrs held
    North University Props LLC
    since 2010
    2 recorded transactions
    2010
    1969
    Zoning & alternative use
    C-3 · Clive, IA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $2.0M +86.0%
    Apartment house (5+ units) $1.9M +77.5%
    Retail stores $1.5M +40.0%
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