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    1700 118th St Clive, IA 50325
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    Property profile & analytics

    1700 118th St, Clive, IA 50325

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    • Investment properties
    • 30,148 SF
    • 20.74 lot acres
    Off-Market
    Last Sale Oct 17, 2023
    $34,500
    Property ID
    US25-0183071
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,780,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 1700 118th St

    Year built
    2002
    Construction
    STEEL FRAME
    Lot size
    20.74 lot acres
    Zone code
    C-3
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    291/00065-038-001
    APU
    29100065038001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 11, 2026 — Mcr Investments Vii LLC — Deed · related $7.6M · Home State Bank
    Apr 23, 2026 — Mcr Investments Vii LLC Mcr Investments Vi LLC Deed · related —
    Apr 10, 2026 — Mcr Investments Vii LLC Mcr Investments Vi LLC Quitclaim Deed · related —
    Mar 19, 2026 — Mcr Investments Vii LLC — Deed · related $7.6M · Home State Bank
    Oct 17, 2023 $34,500 And Mcr Investments Vi LLC Mcr Investments Vii LLC Warranty Deed —
    Jan 14, 2020 — Mcr Invs Vi LLC Ipe1031 Rev321 LLC Warranty Deed —
    Oct 24, 2019 $10,300,000 Ipe1031 Rev 321 LLC Kumagai Properties I LLC Special Warranty Deed $8.2M · Greenstate Cu
    Apr 6, 2015 $6,975,000 Kumagai Properties I LLC Lsref2 Baron LLC Grant Deed $4.7M · Miscellaneous Ins Co
    May 7, 2012 $5,100,320 Lsref2 Baron LLC Sheriff Of Polk County Trustees Deed · related —
    Mar 22, 2007 — Corporate Woods Lc — Trustees Deed · related $200k · Regions Bank
    — — Kumagai Properties I LLC — Loan Modification · related $4.7M · Miscellaneous Ins Co

    Description

    Deerwood Office Park, located at 1700 NW 118th Street in Clive, Iowa (zip code 50325), offers exceptional office space for lease. This two-building complex boasts a total of 18,236 square feet of versatile office space, ideal for both executive and creative businesses. Multiple tenancy options are available, with spaces ranging from a minimum of 1,748 square feet to a maximum contiguous space of 2,340 square feet. Currently, 4,088 square feet of space is vacant and ready for immediate occupancy. The property provides ample parking, with a ratio of 4.81 spaces per 1,000 rentable square feet. Situated in Polk County, this prime location offers easy access to major transportation routes and amenities. The property's design caters to the needs of modern businesses seeking efficient and stylish work environments. Contact us today to schedule a viewing and explore the possibilities of establishing your business at Deerwood Office Park. This is a fantastic opportunity to secure high-quality office space in a thriving Iowa community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,975,000
      6.5%
      $4,590,000
      7%
      $4,265,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,372,000
      Market price range: $1.75M - $3.37M
      AI Estimate
      $3,372,000
      Market price range: $847k - $3.37M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,500,000
      Current use
      RESTAURANT
      $5,190,000
      Change: +107% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $4,685,000
      Change: +87% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $4,565,000
      Change: +82% Conversion: Moderate
      MEDICAL BUILDING
      $4,550,000
      Change: +82% Conversion: Easy
      RETAIL STORES
      $3,515,000
      Change: +41% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,970,000
      Change: +19% Conversion: Difficult
      WAREHOUSE, STORAGE
      $2,570,000
      Change: +3% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clive
    County
    Polk
    State
    Iowa
    Longitude
    -93.7789
    Latitude
    41.6086
    CBSA code
    19780
    CBSA name
    DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $238,656
    $4,420,000
    $7,080,000
    $11,500,000
    -
    $4,420,000
    $7,080,000
    $11,500,000

    Comparable in this City

    • Value Estimation
      $11,340,000
      91,848 SF

      13733 University Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      13733 University Ave, Clive, IA 50325-8279
      View Details
    • Value Estimation
      $3,555,000
      48,564 SF

      1370 114th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1370 114th St, Clive, IA 50325-7030
      View Details
    • Value Estimation
      $1,600,000
      8,113 SF

      12107 Stratford Dr

      OFFICE/RESIDENTIAL (MIXED USE)
      12107 Stratford Dr, Clive, IA 50325-8146
      View Details
    • Value Estimation by Request
      4,551 SF

      8400 Hickman Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      8400 Hickman Rd, Clive, IA 50325-4320
      View Details
    • Value Estimation
      $9,310,000
      59,387 SF

      1275 128th St

      OFFICE/RESIDENTIAL (MIXED USE)
      1275 128th St, Clive, IA 50325-7403
      View Details
    • Value Estimation by Request
      6,250 SF

      10179 Hickman Ct

      OFFICE/RESIDENTIAL (MIXED USE)
      10179 Hickman Ct, Clive, IA 50325-5354
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Showroom and Warehouse Space

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      Clive Outlot For Sale

      MercyOne Wellness Campus outlot available in Clive, Iowa.
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      Clive Office Building For Sale

      High-visibility office building in Clive's Medical Mile.
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    • $5,850,000
      39,732 SF

      Clive Executive Office Building

      High-growth area, 39,732 SF, 100% occupied.
      12345 University Ave, Clive, IA 50325
      View Details
    • Contact for pricing
      7,009 SF

      Clive Commercial Space For Lease

      High-traffic location, excellent visibility, various unit sizes.
      1255 128Th St, Clive, IA 50325
      View Details
    • $249,900
      0.47 Acres

      Residential Land in Clive, Iowa

      Residential land for custom home construction in Clive, Iowa.
      3551 NW 183 St, Clive, IA 50325
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      58,816 SF

      Clive Industrial Flex Space

      58,816 SF Flex Space in Clive, IA
      10320 Hickman Rd, Clive, IA 50325
      View Details
    • Contact for pricing

      Office Space in Clive Retail Center

      Office space available in Clive, Iowa retail center.
      13435 University Ave, Clive, IA 50325
      View Details
    • Contact for pricing

      Industrial Space with Dock Doors

      20,000 SF industrial space with office and dock doors.
      10400 Hickman Rd, Des Moines, IA 50325
      View Details
    • Contact for pricing
      1,950 SF

      Versatile Commercial Space For Rent

      Commercial space with offices, warehouse, and high-visibility location.
      10095 Hickman Ct, Clive, IA 50325
      View Details
    • Contact for pricing
      2,753 SF

      Turnkey Medical Space in Clive

      Move-in ready medical space in a growing healthcare corridor.
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    • $20 SF/Yr
      1,720 SF

      Former Salon Space Available

      Retail space available for lease in Clive, Iowa.
      12871 University Ave, Clive, IA 50325
      View Details
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    Clive, IA 50325
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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