Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    104 Alexander Dr Tipton, IA 52772

    View on Map
    Claim this Listing
    For Sale
    $639,330

    COMMERCIAL - Tipton, IA

    Lot size:
    11.29 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    52
    Last Refresh:
    May 6 at 9:06 am

    Property Features for 104 Alexander Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0480-11-06-300-005-0
    Lot size
    11.29 Acres

    Taxes and HOA fees

    Tax Description
    PARCEL J SW SW EXC SHERIDAN 1ST AD
    Tax Annual Amount
    522

    We can help!

    Listing Contact
    Trev Adair
    Trev Adair

    Listing agent Trev Adair License #322502720

    Listing office Pinnacle Realty LLC 1110 Dina Ct Suite A, Cedar Rapids, IA

    Listing date Mar 16, 2026

    MLS# 2601806 Listing URL

    Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Development Land

    This 11.29-acre parcel of land is located on the south side of Tipton, Iowa, and is currently zoned for commercial use. The city is looking to support additional development in the area. An engineering concept design is available that shows a potential subdivision of the land into multiple lots, but the buyer is welcome to create their own design. City water has already been installed on the adjacent lot. Sewer access is nearby, stopping at the Ford dealership adjacent to the parcel. Stormwater detention would need to be installed. The land is available for outright purchase, and design/build concepts are also available for purchase. Units or space could be available to lease, lease purchase, or purchase as an investment opportunity. One concept design features a building that can be divided into 6 business suites. Full-service design/build contracting packages are offered for this concept. Another concept design can host single or multiple tenants in warehouse and storage space. Alexander Drive would need to be extended approximately 100 feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Tipton
    County
    Cedar
    State
    Iowa
    Longitude
    -91.1443
    Latitude
    41.7563

    Nearby Similar for Sale

    • $899,000

      Versatile Commercial Building in Tipton

      54,600 sq ft multi-purpose commercial building for sale.
      42 Spruce St, Tipton, IA 52772
      View Details
    • $436,035

      Prime Development Land in Tipton

      7.78 acres of commercial land for development in Tipton, IA.
      1282 Moscow Rd, Tipton, IA 52772
      View Details
    • $484,169

      Commercial Land in Tipton, Iowa

      8.55 acres of commercial development land in Tipton, Iowa.
      Spruce St, Tipton, IA 52772
      View Details
    • $250,000

      Commercial Land in Tipton, Iowa

      1.43 acre commercial land for sale in Tipton, Iowa.
      401 W 9th St, Tipton, IA 52772
      View Details
    • $114,450

      Commercial Land for Development

      Land available for development, purchase, lease, or investment.
      Alexander Dr Lot 4, Tipton, IA 52772
      View Details
    • $2,297,000

      Cedar County Farm Land Available

      176.55 acre farm with high CSR2 rating.
      1614 270th St, Tipton, IA 52772
      View Details
    • $119,450

      Commercial Lot in Growing Tipton

      1.72 acre commercial lot in Tipton, Iowa.
      Alexander Dr Lot 3, Tipton, IA 52772
      View Details
    • $49,900
      4,000 SF

      Tipton Mixed-Use Opportunity

      Mixed-use building with restaurant and apartment potential in Tipton.
      312 Cedar Street, Tipton, IA 52772
      View Details
    • $519,900

      Shovel Ready Development Opportunity

      Ten shovel-ready lots near park and school with tax abatement.
      10 Lots Parkview Dr, Tipton, IA 52772
      View Details
    • $49,900

      Tipton Retail/Residential Opportunity

      Former restaurant with apartments in high-traffic location.
      312 Cedar St, Tipton, IA 52772
      View Details
    • $1,575,000

      Prime Farmland Near Tipton, Iowa

      112.5 acres of high-quality farmland with excellent soil.
      200th St., Tipton, IA 52772
      View Details
    • $45,900
      2,144 SF

      Tipton Commercial Property For Sale

      Mixed-use property in Tipton, Iowa with income potential.
      518 Cedar Street, Tipton, IA 52772
      View Details

    FAQs

    What type of property is this?
    Commercial land - 11.29 acres of commercial land in Tipton, Iowa.
    Where is this commercial land located?
    The property is located at 104 Alexander Dr Tipton, IA.
    What is the asking price?
    The asking price for this property is $639,330.
    What are key features of this property?
    This property features: 11.29 Acres of prime commercial development land.; Located in growing Tipton, IA, with city support for development.; City water is installed on the adjacent lot.
    (319) 350-9476
    We can help!
    Listing Contact
    Trev Adair
    Trev Adair
    Real Estate License ID: 322502720
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    104 Alexander Dr, Tipton, IA 52772
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!