NNN Flex and Office
2800 1st Ave E, Newton, IA 50208
For Sale
Contact for pricing
NNN-leased flex, office, and commercial space with new exterior siding and potential TI amortization for fit-out needs.
Property Size4,350 SF
Price / SF$0.00
Days on Market355
Property Features for 2800 1st Ave E
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
Birkenholz Real Estate
Listed By:
Dick Boggess · License IA #832110000
(641) 792-4764
Source:
Desmoineshomesforsale
Added: Nov 23, 2025
Changed: Nov 7
Last Checked: Nov 10 at 11:24AM
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 NNN-leased property is offered for sale with flexible space configuration designed to accommodate office, commercial, and flex uses. The landlord has indicated they will provide new exterior siding, and may provide some tenant improvements, with any TI support structured as amortization over the initial lease term.
The property is described as having excellent access and visibility and is located in a high-traffic area, supporting businesses that benefit from convenient customer or user access.
For tenants, buyers, and operators, the mix of flex, office, and commercial positioning can work for a range of service-oriented and business operations, particularly where adaptable interior use is important. Prospective occupants should review the terms of the NNN lease and the scope and amortization details of any potential tenant improvements to confirm the best path for their intended space requirements.
The property is described as having excellent access and visibility and is located in a high-traffic area, supporting businesses that benefit from convenient customer or user access.
For tenants, buyers, and operators, the mix of flex, office, and commercial positioning can work for a range of service-oriented and business operations, particularly where adaptable interior use is important. Prospective occupants should review the terms of the NNN lease and the scope and amortization details of any potential tenant improvements to confirm the best path for their intended space requirements.
Key Highlights
- NNN lease property with flex, office, and commercial space.
- Landlord will provide new exterior siding.
- Some TI may be provided with amortization over the initial lease term.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,836
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,720
$356.7K
Cap Rate 7%
$254,800
$254.8K
Cap Rate 9%
$198,178
$198.2K
Market Conditions
NOI Build-Up for 4,350 SF
Gross rent
$27.7K $6.36/SF
− Vacancy
−$2.2K −$0.50/SF
EGI
$25.5K $5.86/SF
− OpEx
−$7.6K −$1.76/SF
NOI
$17.8K $4.10/SF
Area
Jasper County, IA
Vacancy
7.90%
Lease Rate
$6.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,720
Cap Rate 7%
$254,800
Cap Rate 9%
$198,178
Alternative Uses
Best Use
Flex RnD
$348.2K
$304.7K – $406.3K
NOI $24,375 @ 7.0% cap
Second Best
Industrial
$254.8K
$223.0K – $297.3K
NOI $17,836 @ 7.0% cap
Theoretical Best
Office A
$1.07M
$937.4K – $1.25M
NOI $74,993 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
171
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - NNN-leased flex, office, and commercial space with new exterior siding and potential TI amortization for fit-out needs.
Where is this flex space located?
The property is located at 2800 1st Ave E Newton, IA.
What are key features of this property?
This property features: NNN lease property with flex, office, and commercial space.; Landlord will provide new exterior siding.; Some TI may be provided with amortization over the initial lease term.
