Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Building with Stage and Bar Title is generated by Realmo AI

    111 E 2nd St S, Newton, IA 50208

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,000

    Adaptable space with kitchen, bar, stage, and included furniture.

    Lot size:
    0.20 Acres
    Added:
    Sep 19, 2025
    Days on Market:
    246
    Last Refresh:
    Jan 20 at 11:10 am

    Property Features for 111 E 2nd St S

    General Information

    Standard status
    Active
    Lot size
    0.20 Acres

    We can help!

    Listing Contact
    Robert Cupples

    Listing agent Robert Cupples

    Listing office RE/MAX Concepts

    Listing date Sep 19, 2025

    Source Exprealty

    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 RE/MAX Concepts

    HighLights

    • Spectacular location visible from 1st Ave.
    • Includes all furniture and fixtures.
    • Full kitchen and full bar.
    • Great room with stage.
    • Multiple spaces: office, 2 lounges, 4 bathrooms.
    • Suitable for various uses (steakhouse, church, daycare, etc.).

    Overview

    This building presents a versatile space with high visibility from 1st Avenue. Its most recent use was as a fraternal organization. The property includes a full kitchen, a full bar, and a great room featuring a stage. Additionally, it offers office space, four bathrooms, and two lounge spaces. The sale price encompasses all furniture and fixtures. The property is located in Newton, Iowa. Potential uses for the building include a steakhouse, church, or daycare center.
    Property Profile Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Jasper
    State
    Iowa
    Longitude
    -93.0552
    Latitude
    41.6998

    Nearby Similar for Sale

    • $2,145,000
      4,968 SF

      NNN Leased Pizza Ranch Investment

      NNN leased Pizza Ranch in Newton, Iowa for sale.
      1500 W 18th St S, Newton, IA 50208
      View Details
    • $154,000
      1,908 SF

      Versatile Newton Multi-Family Property

      Two-story property with flexible single-family or duplex living options.
      412 S 2nd Avenue E, Newton, IA 50208
      View Details
    • $154,000
      1,908 SF

      Versatile Two-Story Newton Multifamily Property

      Two-story property with flexible single-family or duplex configuration.
      412 S 2nd Avenue E, Newton, IA 50208
      View Details
    • $189,900
      1,440 SF

      Updated Duplex with Garage

      Updated duplex with separate units, new roof and mini-splits.
      502 E 12th Street S, Newton, IA 50208
      View Details
    • $200,000
      1,624 SF

      Renovated Duplex in Central Newton

      Turn-key duplex with modern updates and income potential.
      820 1st Avenue E, Newton, IA 50208
      View Details
    • $189,900
      1,440 SF

      Updated Duplex with Garage

      Updated duplex with modern features, new roof, and garage.
      502 E 12th Street S, Newton, IA 50208
      View Details
    • $1,000,000
      3,520 SF

      Freestanding BP Gas Station

      Single tenant BP gas station in Newton, Iowa for sale.
      4300 South 22nd Avenue East, Newton, IA 50208
      View Details
    • $1.00
      514 SF

      Multifamily Condo Units Portfolio Package

      Fifteen condo units offered as a portfolio package for sale.
      104 1st Avenue E, Newton, IA 50208
      View Details
    • $350,000
      4,426 SF

      Newton Iowa Apartment Building

      Six-unit apartment building with recent capital improvements.
      520 South 5th Avenue East, Newton, IA, 50208
      View Details
    • $3,995,000
      137,000 SF

      Versatile Industrial Facility on 22 Acres

      135,864 SF multi-use facility on 22 acres in Newton, IA.
      200 N 8th Ave E, Newton, IA 50208
      View Details
    • $700,000
      8,424 SF

      Newton Iowa Apartment Portfolio

      12-unit apartment building with recent roof improvements in Newton, Iowa.
      115 South 5th Avenue West, Newton, IA, 50208
      View Details
    • $390,000
      1,452 SF

      New Construction Duplex in Newton

      New 2-bedroom, 2.5-bathroom duplex in a quiet cul-de-sac.
      2389 N 10 Avenue E, Newton, IA 50208
      View Details

    FAQs

    What type of property is this?
    Church & religious facility - Adaptable space with kitchen, bar, stage, and included furniture.
    Where is this church & religious facility located?
    The property is located at 111 E 2nd St S Newton, IA.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: Spectacular location visible from 1st Ave.; Includes all furniture and fixtures.; Full kitchen and full bar.
    (515) 276-2872
    We can help!
    Listing Contact
    Robert Cupples
    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
    111 E 2nd St S, Newton, IA, 50208-3729
    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!