7405 University AveClive, IA 50325

Property Details for 7405 University Ave

Year built

1976

Construction

FRAME

Lot size

1.96 AC

Property size (Sq ft)

11,620 SF

Zone code

C-2

Property type

Investment properties

Property subtype

Live-work space

APN

291/00775-630-001

APU

29100775630001

Description

This single-story, 11,620 square foot Class B office building, constructed in 1976, is situated in Polk County, offering a prime opportunity for businesses seeking flexible space. Currently, 3,500 square feet of contiguous space is immediately available, divisible into units as small as 1,000 square feet. The building features a convenient layout, including nine individual offices, a spacious conference room perfect for meetings and presentations, a well-equipped kitchenette for employee convenience, and two private restrooms for enhanced privacy. This traditional office space is ideally located just west of Windsor Heights, providing easy access to I-235, ensuring seamless commutes for employees and clients alike. The building's single-story design offers convenient accessibility and a functional workspace. The available space is perfect for a variety of businesses seeking a well-maintained and conveniently located office solution. The minimum leasable space is 1,000 square feet, while the maximum contiguous space available is 3,500 square feet. This presents a unique opportunity to secure a space tailored to specific business needs within a well-established building. The property's location and amenities make it an attractive option for companies seeking a productive and comfortable work environment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,025,998

  6.5%

  $1,870,152

  7%

  $1,736,569

• Comparable approach

  Method

  Valuation

  Relative Method

  $593,085

  Geo Method

  $593,085

• Alternative Use

  Use

  Valuation

  Residential

  $2,318,988

  Hospitality

  $2,124,180

  Educational

  $1,767,293

  Medical

  $1,828,073

  Retail

  $2,749,123

Location Insight

City

Clive

County

Polk

State

Iowa

Latitude

41.601

Longitude

-93.7196

CBSA code

19780

CBSA name

DES MOINES-WEST DES MOINES, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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