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    Newton, IA
    1031 Exchange

    Newton, IA 1031 Exchange Properties for Sale

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    Kellogg, IA Reasnor, IA Baxter, IA Colfax, IA Laurel, IA Melbourne, IA Grinnell, IA Mingo, IA
    NNN-Leased Restaurant Property
    Updated: Mar 27
    NNN-Leased Restaurant Property

    1500 W 18th St S, Newton, IA 50208

    $2,145,000
    4,968 sqft 1.20 AC lot
    Absolute NNN lease commenced May 1, 2023
    15‑year lease term with approximately 2% annual rent increases
    4,968‑square‑foot restaurant building on 1.2 acres
    Pizza Ranch occupies the property
    Tenant responsibility includes taxes, insurance, CAM, repairs, roof, structure, HVAC, and major systems
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    This listing looks promising.

    Here's a quick look at some key insights for

    1500 W 18th St S, Newton, IA 50208

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    • Est. Cap Rate

      3.4%
      NOI ÷ price

    • Est. NOI

      $73K
      Annual

    • Mortgage

      $1.27M
      May 2023

    • Last Sold

      May 2023
      $1.59M

    • Property Type

      Restaurant
      Built 2007
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Newton, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Absolute NNN Retail Property
    Absolute NNN Retail Property

    121 W Benton St., Iowa City, IA 52246

    $1,350,000
    4,480 sqft

    The property is subject to an absolute NNN lease with tenant responsibility for taxes, insurance, HVAC, maintenance, and roof.

    View details
    Omaha CVS Pharmacy Sub-Leased
    Omaha CVS Pharmacy Sub-Leased

    10770 Fort St, Omaha, NE 68134

    Contact for pricing
    13,232 sqft

    13,232 SF CVS Pharmacy sub-leased to Dollar Tree.

    View details
    Leased Mixed-Use Building
    Leased Mixed-Use Building

    Iowa City, IA 52240

    $1,250,000
    0.04 AC lot

    Fully leased property combining ground-floor retail with an occupied residential unit above in downtown Iowa City.

    View details
    Duplexes with New Roofs
    Duplexes with New Roofs

    2127-2129 S 46th Avenue, Omaha, NE 68106

    $425,000

    Professionally managed properties include lawn care, snow removal, and repairs as part of the rental arrangement.

    View details

    Newton, IA 1031 Exchange Properties Market Trends and Statistics

    Explore 1 1031 exchange properties for sale in Newton, IA on our real estate platform. These investment opportunities span a total of 4,968 square feet of properties for sale, with an estimated market value of $2,145,000.

    Sale prices for 1031 exchange properties in Newton, IA average $2,145,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    NNN properties 4
    1031 exchange properties 1
    Churches & religious facilities 1
    Day care centers 1

    Demographics Overview

    Population 20K
    Population Growth (5Y) -2.0%
    Median Household Income $61,064
    College Educated 24.4%

    Taxes & Financing

    Tax Rate (average for all types) 3.02%
    Property Tax per SF $34.07 per SF
    Tax Rate vs County Average 0.22 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Jasper County

    New Delisted

    Total CRE Inventory on Market (SF)

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