Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1910 Kittyhawk Rd Carroll, IA 51401

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,185,000

    Retail building with stable income and long-term value appreciation.

    Property size:
    8,125 SF
    Lot size:
    1.10 Acres

    Property Features for 1910 Kittyhawk Rd

    General Information

    Size
    8,125 SF
    Lot size
    1.10 Acres

    We can help!

    Listing Contact
    Ryan Siedenburg
    Ryan Siedenburg
    Source: Moodyscre

    Listing Agent: Ryan Siedenburg

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Building with Established Tenants

    This retail building, constructed in 2012, offers ample parking and good visibility, situated in proximity to other established businesses. The property, located on a 1.1-acre lot, features 8,125 square feet of retail space. It is positioned as a Walmart pad site. Tenants include Maurices, Great Clips, and Carroll Tobacco Outlet. The property generates a current net operating income of $97,095, presenting a stable income opportunity with potential for long-term value appreciation. Its location supports consistent tenant demand, and the asset is well-positioned for investors seeking stable cash flow with a stable big box anchor adjacent.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Food Market Grocery Store Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Carroll
    County
    Carroll
    State
    Iowa
    Longitude
    -94.897381
    Latitude
    42.187876

    Nearby Similar for Sale

    • $379,900
      Pending

      New Construction Condo in Carroll

      Spacious new construction condo with zero-entry and finished basement.
      1399 E 11Th St, Carroll, IA 51401
      View Details
    • $625,000
      0.44 Acres

      Versatile Commercial Building off Hwy 71

      5,200+ sqft commercial space with shop and office near Hwy 71.
      1125 W 20Th St, Carroll, IA 51401
      View Details
    • $325,000
      0.08 Acres

      Downtown Carroll Commercial Space

      Commercial space in downtown Carroll with high visibility.
      100 W 5Th St, Carroll, IA 51401
      View Details
    • $499,900
      1.15 Acres

      Commercial Warehouse Near Highway 30

      Commercial warehouse with fenced yard, near US Highway 30.
      19206 Kittyhawk Ave, Carroll, IA 51401
      View Details
    • $475,000
      0.74 Acres

      Versatile Commercial Shop Space

      4,080 sq ft commercial space with office and shop.
      838 W 6Th St, Carroll, IA 51401
      View Details
    • $1,600,000
      28,000 SF

      Highway 30 Commercial Opportunity

      High-visibility commercial facility on Highway 30 with retail potential.
      1723 Radiant Rd, 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 Highway 71, Carroll, IA 51401
      View Details
    • $60,000
      0.02 Acres

      Affordable Carroll Office Space

      Highway 30 Office with Furniture
      111 6Th St, Carroll, IA 51401
      View Details
    • $1,150,000
      18,400 SF

      Carroll IA Industrial Facility

      Spacious Industrial Building - Great Potential
      629 Railroad St, Carroll, IA 51401
      View Details
    • $524,000
      8,000 SF

      Carroll IA Warehouse - 8,000 SF

      Prime commercial space, highway access, secure yard.
      19206 Kittyhawk Ave, Carroll, IA 51401
      View Details
    • $1,150,000
      7,440 SF

      Carroll IA Restaurant & Bar Opportunity

      Established Business, High Traffic Location
      1215 Plaza Dr, Carroll, IA 51401
      View Details
    • $229,900
      0.10 Acres

      Prime Carroll Commercial Corner Lot

      High-traffic retail & office space.
      528 Adams St, Carroll, IA 51401
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail building with stable income and long-term value appreciation.
    Where is this strip mall located?
    The property is located at 1910 Kittyhawk Rd Carroll, IA.
    What is the asking price?
    The asking price for this property is $1,185,000.
    What are key features of this property?
    This property features: - Stable income opportunity with $97,095 Current NOI.; - Located on a Walmart Pad Site.; - Tenants include national retailers: Maurices and Great Clips.
    (515) 223-6222
    Request Owner's contact information
    1910 Kittyhawk Rd Carroll, IA 51401
    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.
    1910 Kittyhawk Rd
    Carroll, IA 51401
    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
    1910 Kittyhawk Rd Carroll, IA 51401
    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

    We can help!
    Listing Contact
    Ryan Siedenburg
    Ryan Siedenburg
    Real Estate License ID: S63895000
    (515) 223-6222
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.