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    808 4Th St NE Hampton, IA 50441

    Sponsored
    For Sale
    $649,000

    COMMERCIAL - Other - Hampton, IA

    Days on Market:
    88
    Last Refresh:
    Jan 20 at 4:06 am

    Property Features for 808 4Th St NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0728434013

    Utilities

    Heating system
    Heat Pump (Heating)
    Water source
    Public

    Building Details

    Year built
    2005
    Number of units
    1
    Building materials
    Stucco
    Architectural style
    Other

    We can help!

    Listing Contact
    Kathryn A Plendl

    Abbott Realty Inc (641) 456-4707

    Listing agent Kathryn A Plendl (641) 456-4707

    Listing date Oct 25, 2025

    Copyright © 2025 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.

    Learn more

    Property Insight Report

    Overview

    Turn-Key Fitness Center Office Building

    Built in 2005, this modern professional office building in Hampton, Iowa, presents an investment opportunity with multiple income streams. The property includes three private office spaces, a conference room suitable for small group meetings, a storage room with a kitchenette, and a reception area. A shared entry foyer provides separate entrances for each unit. A fully operational fitness center generates monthly income and features commercial-grade fitness equipment, a wireless music system, and 24-hour keyless entry for members. The fitness center has a membership base, recurring revenue, and a track record of profitability. An on-site tanning business adds further value, along with the potential for lease income from the three professional office spaces. The current owner is open to remaining as a tenant under a lease agreement. New exterior paint and roof are planned for 2025. The property is located in Franklin County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton
    County
    Franklin
    State
    Iowa
    Longitude
    -93.202952
    Latitude
    42.749484

    Nearby Similar for Sale

    • $599,000
      66,800 SF

      Former Foundry in Hampton, Iowa

      66,000 SF former manufacturing site on 8.5 acres.
      1483 Ia-3, Hampton, IA
      View Details
    • $649,000
      118,240 SF

      Hampton Warehouse - 118,240 SF

      Massive Industrial Warehouse, 18 Acres
      1105 4Th St, Hampton, IA 50441
      View Details

    FAQs

    What type of property is this?
    Office building - Multi-use building with built-in income and long-term growth potential.
    Where is this office building located?
    The property is located at 808 4Th St NE Hampton, IA.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Turn-key, established fitness center with strong recurring revenue and 24-hour keyless entry.; - Multiple income streams from fitness center, tanning business, and three professional office spaces.; - Potential for instant occupancy and cash flow with current owner open to remaining as a tenant.
    (641) 430-3821
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    808 4Th St NE Hampton, IA 50441
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    Hampton, IA 50441
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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
    808 4Th St NE Hampton, IA 50441
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    We can help!
    Listing Contact
    Kathryn A Plendl
    Real Estate License ID: ***
    (641) 430-3821
    Learn more
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