Retail Space with New
1207 1st Avenue E #200, Newton, IA 50208
For Sale
Contact for pricing
The premises offer a flexible commercial layout with elevated ceilings and access to parking.
Property Size8,160 SF
Price / SF$0.00
Days on Market511
Property Features for 1207 1st Avenue E #200
General Information
Standard status
Size
Property subtype
Additional Details
Corner Location
Building Details
Year Built
Listing Agency:
Birkenholz Real Estate
(641) 792-4764
Listed By:
Dick Boggess · License #832110000
(641) 521-3378
Source:
Prometrorealty
Added: Jun 17, 2025
Changed: Nov 9
Last Checked: Nov 8 at 3:23PM
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 Birkenholz Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 8,160-square-foot retail space in Newton includes high ceilings, a new roof and new HVAC. The property was built in 1996, and its interior can accommodate a range of commercial purposes.
The space sits at a signalized corner in the center of Newton’s population, with building access and parking available. An NNN lease is also available.
The space sits at a signalized corner in the center of Newton’s population, with building access and parking available. An NNN lease is also available.
Key Highlights
- 8,160 SF of retail space
- New roof and HVAC
- High ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$104,955
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,099,100
$2.1M
Cap Rate 7%
$1,499,357
$1.5M
Cap Rate 9%
$1,166,167
$1.2M
Market Conditions
NOI Build-Up for 8,160 SF
Gross rent
$161.6K $19.80/SF
− Vacancy
−$11.6K −$1.43/SF
EGI
$149.9K $18.37/SF
− OpEx
−$45.0K −$5.51/SF
NOI
$105.0K $12.86/SF
Area
Jasper County, IA
Vacancy
7.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,099,100
Cap Rate 7%
$1,499,357
Cap Rate 9%
$1,166,167
Alternative Uses
Best Use
Retail
$1.50M
$1.31M – $1.75M
NOI $104,955 @ 7.0% cap · market cap 1,499,357.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,676 @ 7.0% cap · market cap 2,009,657.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
Explore this area
Business Placement
Demographics for 50208, IA
20,918
Population
8,919
Households
2.3
Avg Household Size
42
Median Age
17%
College-Educated
91%
High-School Grad
158.5 sq mi
ZIP Area
132
Density / Sq Mi
$61,064
Median Household Income
$37,490
Median Earnings
$830
Median Rent
$161,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - The premises offer a flexible commercial layout with elevated ceilings and access to parking.
Where is this retail space located?
The property is located at 1207 1st Avenue E #200 Newton, IA.
What are key features of this property?
This property features: 8,160 SF of retail space; New roof and HVAC; High ceilings
