Storefront with New
For Sale
Contact for pricing
Pending
1718 1st Ave E, Newton, IA 50208
The building offers NNN lease terms and a roof installed in 2023.
Property Size3,240 SF
Days on Market325
Property Features for 1718 1st Ave E
General Information
Standard status
Pending
Size
3,240 SF
Property subtype
Commercial
Building Details
Year Built
1968
Listing Agency:
Birkenholz Real Estate
Listed By:
Dick Boggess (641) 792-4764 · License #832110000
(641) 521-3378
Source:
Desmoineshomesforsale
Added: Nov 25, 2025
Changed: Oct 1
Last Checked: Oct 14 at 11:23PM
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 storefront property at 1718 1st Ave E in Newton, Iowa, provides 3,240 square feet within a building constructed in 1968. A new roof was added in 2023, providing a recent major building improvement.
NNN lease terms are available. The property is positioned in a commercial setting along 1st Ave E, with the address placing it in Newton, Iowa 50208.
NNN lease terms are available. The property is positioned in a commercial setting along 1st Ave E, with the address placing it in Newton, Iowa 50208.
Key Highlights
- 3,240‑square‑foot storefront property
- New roof in 2023
- NNN lease terms available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,673
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,460
$833.5K
Cap Rate 7%
$595,329
$595.3K
Cap Rate 9%
$463,033
$463.0K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$64.2K $19.80/SF
− Vacancy
−$4.6K −$1.43/SF
EGI
$59.5K $18.37/SF
− OpEx
−$17.9K −$5.51/SF
NOI
$41.7K $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%
$833,460
Cap Rate 7%
$595,329
Cap Rate 9%
$463,033
Alternative Uses
Best Use
Retail
$595.3K
$520.9K – $694.6K
NOI $41,673 @ 7.0% cap · market cap 1,389.10%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$3.12M
$2.73M – $3.64M
NOI $218,324 @ 7.0% cap · market cap 7,277.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - The building offers NNN lease terms and a roof installed in 2023.
Where is this storefront property located?
The property is located at 1718 1st Ave E Newton, IA.
What are key features of this property?
This property features: 3,240‑square‑foot storefront property; New roof in 2023; NNN lease terms available
