Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1125 W 20th St. Carroll, IA 51401

    View on Map
    Claim this Listing
    For Sale
    $625,000

    COMMERCIAL - Other - Carroll, IA

    Property size:
    5,200 SF
    Lot size:
    0.44 Acres
    Added:
    May 9, 2025
    Days on Market:
    355
    Last Refresh:
    Apr 28 at 1:06 pm

    Property Features for 1125 W 20th St.

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage, Open
    Standard status
    Active
    APN
    06-14-477-004
    Size
    5,200 SF
    Lot size
    0.44 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Bob & Lou's First Commercial Subdivision Lot 2
    Tax Annual Amount
    13291

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2017
    Number of units
    1
    Flooring type
    Drainage, Carpet, Concrete
    Building materials
    Frame, Steel Siding, Stone, Brick, Metal Siding
    Roof type
    Metal, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Kyle Bauer

    Listing agent Kyle Bauer License #***

    Listing office Smart Moves Iowa Realty 408 N. Grant Rd., Carroll, IA

    Listing date May 9, 2025

    MLS# 6327489

    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

    Versatile Commercial Property in Carroll

    This commercial property offers over 5,200 sq. ft. of finished space in a location just off Hwy 71. The property includes 2,600 sq. ft. of shop space featuring two 14' x 16' overhead doors and one 8' x 9' overhead door, providing access for business operations. The shop area is serviced by its own forced-air central heating and air conditioning system. In addition to the main shop, the property also offers a secondary workshop, office space, two half baths, and one full bathroom with walk in shower. The property is situated on a 0.441-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Carroll
    County
    Carroll
    State
    Iowa
    Longitude
    -94.8799597
    Latitude
    42.0810936

    Nearby Similar for Sale

    • $850,000

      Carroll, Iowa Commercial Office Space

      Centrally located office space with easy highway access.
      603 W 8th Street, Carroll, IA 51401
      View Details
    • $475,000

      Versatile Commercial Shop Space

      4,080 sq ft commercial space with office and shop.
      838 W 6th Street, Carroll, IA 51401
      View Details
    • $1,600,000

      Highway 30 Commercial Opportunity

      High-visibility commercial facility on Highway 30 with retail potential.
      1723 Radiant Road, Carroll, IA 51401
      View Details
    • $225,000
      1,912 SF

      Updated Duplex in Carroll, Iowa

      Well-maintained duplex with updates, flexible living, and income potential.
      519-21 S Clark Street, Carroll, IA 51401
      View Details
    • $325,000

      Downtown Carroll Commercial Space

      Commercial space with high visibility in downtown Carroll, Iowa.
      100 W 5Th Street, Carroll, IA 51401
      View Details
    • $364,900
      3,028 SF

      New Construction Condo in Carroll

      Spacious new construction condo with zero-entry and finished basement.
      1399 E 11th St., Carroll, IA 51401
      View Details
    • $700,000
      11,832 SF

      Central Iowa Hospitality Investment Opportunity

      11,832 SF building with 30 units in Central Iowa.
      1757 N US Hwy 71, Carroll, IA 51401
      View Details
    • $299,000
      6,014 SF

      Visible Retail Space For Sale

      6,014 SF retail space with highway exposure in Carroll.
      515 N Adams Street #224, Carroll, IA 51401
      View Details
    • $1,185,000
      8,125 SF

      Retail Building with Established Tenants

      Retail building with stable income and long-term value appreciation.
      1910 Kittyhawk Rd, Carroll, IA
      View Details
    • $499,900

      Commercial Warehouse Near Highway 30

      Commercial warehouse with fenced yard, near US Highway 30.
      19206 Kittyhawk Avenue, Carroll, IA 51401
      View Details
    • $850,000

      Carroll Commercial Property For Sale

      Centrally located commercial property with offices, storage, and conference room.
      603 W 8th Street, Carroll, IA 51401
      View Details

    FAQs

    What type of property is this?
    Flex space - Over 5,200 sq. ft. commercial space off Hwy 71.
    Where is this flex space located?
    The property is located at 1125 W 20th St. Carroll, IA.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: Prime location just off Hwy 71 offers high accessibility.; Boasting over 5,200 sq. ft. of finished commercial space.; **2,600 sq. ft. of shop space with two 14' x 16' and one 8' x 9' overhead doors.**
    (712) 210-3026
    We can help!
    Listing Contact
    Kyle Bauer
    Real Estate License ID: ***
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!