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12951 University Ave Clive, IA 50325

Investment properties Google Maps
16,468 SF 0.78 ac lot Built 2007
Entity Owned 5-yr Hold ~ Est. High Equity
Estimated value (blended)
$2.11M
Range $1.90M – $2.32M (±10%)
Property ID US25-0181571

Property summary

AI-generated overview

This exceptional Class A office space, located within the vibrant Commerce Park development in Clive, Iowa, offers a unique opportunity for businesses seeking a prestigious and convenient location. Built in 2007, this two-story building boasts a total of 16,468 square feet, with a single elevator for easy access. Currently, there are two available office spaces: a smaller unit of 354 square feet, ideal for a small team or startup, and a larger, contiguous space of 2,143 square feet, perfect for expanding businesses. The total vacant space available is 2,497 square feet. The building's prime location along University Avenue provides excellent visibility and accessibility. The mixed-use development surrounding the building offers a wealth of amenities, including nearby restaurants and shops, creating a convenient and walkable environment for employees and clients. The building features a traditional office layout, suitable for a variety of business needs, and also offers executive office options. This property is perfect for businesses seeking a modern, efficient, and well-located office space in a thriving community. The minimum divisible space is 354 square feet, offering flexibility for various business sizes. The building's single elevator ensures convenient access to both floors.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2007
Construction STEEL FRAME
Total area 16,468 SF
Lot 0.78 ac (33,869 SF)
Zoning code C-4
APN 291/00065-037-031
UPID US25-0181571

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.00M
CAP Approach CAP
$2.51M
Comparable Approach Comparable
$1.84M
Blend (final) Blend
$2.11M

Owner & transaction history

since 2021
Last sale
$2.1M
7 recorded transactions
2021
$2.1M
2016
Price N/A
2013
$1.7M
2013
Price N/A
2013
Price N/A
2009
Price N/A
1969
Price N/A

Zoning & alternative use

C-4 · Clive, IA
Top alternative use upside
Restaurant $2.8M +107.5%
Auto repair, garage $2.6M +87.2%
Apartment house (5+ units) $2.5M +82.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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