Two-Building Flex
1020 N 10th St Winterset, IA 50273
New
1020 N 10th St, Winterset, IA, 50273
$525,000
For Sale
$525,000
Two flex buildings total just under 5,000 SF on one lot, with power, heat, and AC in the first unit.
Property Size4,992 SF
Price / SF$105.17
Days on Market3
Property Features for 1020 N 10th St
General Information
- Standard status
- Active
- Size
- 4,992 SF
Building Details
- Year Built
- 2019
Listing agency
Madison County Realty
(515) 480-3389
Listed by
Jennifer Stover
Source
Kwlegacyrealty
Added: Jul 19 Updated: Jul 20 at 2:37AM Checked: Jul 20 at 2:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Madison County Realty
Investment Insights
Based on property information with market context.
This offering includes two commercial buildings on a single lot that is just under 1 acre. The first building measures 2,688 SF and includes electric service, heat and AC, a 3/4 bath, and a loft area. The second building is 2,304 SF and is completely open, providing an unobstructed interior layout.
The property is located at 1020 N 10th St in Winterset, Iowa.
As configured, the site provides two separate indoor spaces—one with dedicated amenities and loft area, and one fully open—suited for a range of flexible commercial uses within the available building footprints.
The property is located at 1020 N 10th St in Winterset, Iowa.
As configured, the site provides two separate indoor spaces—one with dedicated amenities and loft area, and one fully open—suited for a range of flexible commercial uses within the available building footprints.
Key Highlights
- Two commercial flex buildings on one lot just under 1 acre
- Total building size is 4,992 SF (2688 SF + 2304 SF)
- 2019‑built first building offers electric, heat, and AC, plus 3/4 bath and a loft area
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.7k | $6.36 |
| − Vacancy | −$2.5k | −$0.50 |
| EGI | $29.2k | $5.86 |
| − OpEx | −$8.8k | −$1.76 |
| NOI | $20.5k | $4.10 |
4,992 SF · lease $6.36/SF/yr · vacancy 7.90% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$4.81M
$4.20M – $5.61M
NOI $336,381 @ 7.0% cap · market cap 64.07%
Second Best
Industrial
$292.4K
$255.9K – $341.2K
NOI $20,469 @ 7.0% cap · market cap 3.90%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two flex buildings total just under 5,000 SF on one lot, with power, heat, and AC in the first unit.
Where is this flex space located?
The property is located at 1020 N 10th St Winterset, IA.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Two commercial flex buildings on one lot just under 1 acre; Total building size is 4,992 SF (2688 SF + 2304 SF); 2019‑built first building offers electric, heat, and AC, plus 3/4 bath and a loft area
