Mixed-Use
1707 -1721 1st Ave E, Newton, IA 50208
For Sale
Contact for pricing
Three named businesses occupy the property, with approximately 4,300 SF available for lease or occupancy.
Property Size4,300 SF
Price / SF$383.72
Days on Market18
Property Features for 1707 -1721 1st Ave E
General Information
Standard status
Size
Property subtype
Additional Details
Anchor Co-Tenants
Tenant in Place
Building Details
Tenancy
Listing Agency:
Birkenholz Real Estate
Listed By:
Dick Boggess · License #IA 832110000
(641) 521-3378
Source:
Crexi
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 2:43PM
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
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Investment Insights
Based on property information with market context.
The mixed-use property includes Medicap Home Services, Kinetic Edge PT, and Anytime Fitness as tenants. Approximately 4,300 SF is available within the property.
Key Highlights
- Tenants include Medicap Home Services, Kinetic Edge PT, and Anytime Fitness
- Approximately 4,300 SF available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,307
Cap Rate
3.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,106,140
$1.1M
Cap Rate 7%
$790,100
$790.1K
Cap Rate 9%
$614,522
$614.5K
Market Conditions
NOI Build-Up for 4,300 SF
Gross rent
$85.1K $19.80/SF
− Vacancy
−$6.1K −$1.43/SF
EGI
$79.0K $18.37/SF
− OpEx
−$23.7K −$5.51/SF
NOI
$55.3K $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%
$1,106,140
Cap Rate 7%
$790,100
Cap Rate 9%
$614,522
Alternative Uses
Best Use
Retail
$790.1K
$691.3K – $921.8K
NOI $55,307 @ 7.0% cap · market cap 3.35%
Second Best
Mixed Use
$625.3K
$547.1K – $729.5K
NOI $43,770 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$1.06M
$926.6K – $1.24M
NOI $74,131 @ 7.0% cap · market cap 4.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
65
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
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three named businesses occupy the property, with approximately 4,300 SF available for lease or occupancy.
Where is this mixed-use property located?
The property is located at 1707 -1721 1st Ave E Newton, IA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Tenants include Medicap Home Services, Kinetic Edge PT, and Anytime Fitness; Approximately 4,300 SF available
