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    110 W Madison Street Marshalltown, IA 50158

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    For Sale
    $699,000

    COMMERCIAL - Other - Marshalltown, IA

    Added:
    May 30, 2025
    Days on Market:
    342
    Last Refresh:
    May 6 at 6:06 am

    Property Features for 110 W Madison Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    841335184003

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    35-84-18 LOT 1 NE SWANSONS 1ST ADD LOTS 1-3, 10-12 BLK 14 & LOT 7 BLK 13 ANSONS FIRST ADD & SCHOLFIELDS ADD SCHOLFIELD'S ADD PARCEL C THATLIES WITHIN LOTS 1-6 BLK 5 &
    Tax Annual Amount
    11594

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1981
    Number of units
    2
    Building materials
    Metal Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Jay Hansen

    Listing agent Jay Hansen License #***

    Listing office Van Metre Iowa Realty 1603 Iowa Ave West, Marshalltown, IA

    Listing date May 30, 2025

    MLS# 6328149

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Marshalltown Commercial Property For Sale

    This commercial property in Marshalltown, Iowa, features over 30,000 square feet under roof, with 22,500 square feet currently utilized by a tenant. An additional 6,400 square feet is owner-occupied and presently vacant, offering potential for a new tenant. The owner's unit includes heated warehouse space, an office, a restroom, and covered parking. The existing tenant is under lease with an option to renew. The property includes a gated and fenced, graveled yard. The sale includes the real estate buildings and land only, as the businesses are not for sale. The total land size is 3.19 acres, situated on a heavily traveled street. The property is located at 110 W Madison Street, Marshalltown, IA 50158.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Spahn & Rose Lumber ... Building Supply

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • V & V Storage At Home Rental Center — 603 S 6th St, Marshalltown, IA 50158
    • B & B Mini Storage — 301 W High St, Marshalltown, IA 50158
    • Marshalltown Self Storage — 1101 Lincoln Way, Marshalltown, IA 50158

    Location Insight

    • Map
    • Local Demand
    City
    Marshalltown
    County
    Marshall
    State
    Iowa
    Longitude
    -92.915348
    Latitude
    42.042043

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    FAQs

    What type of property is this?
    Warehouse - Commercial property with tenant and owner-occupied spaces on 3.19 acres.
    Where is this warehouse located?
    The property is located at 110 W Madison Street Marshalltown, IA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: Over 30,000 sq. ft under roof with 22,500 sq. ft currently leased to a tenant.; Vacant 6,400 sq. ft owner's unit with potential for new tenant income.; Existing tenant under lease with renewal option.
    (641) 751-0510
    We can help!
    Listing Contact
    Jay Hansen
    Real Estate License ID: ***
    Learn More
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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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