B2 Commercial Office and Retail
305 B Ave Vinton, IA 52349
For Sale
$119,000
Downtown Vinton building with B2 zoning and a former veterinary office layout.
Property Size1,391 SF
Price / SF$85.55
Days on Market124
Property Features for 305 B Ave
General Information
- Standard status
- Active
- Size
- 1,391 SF
Listing Agency:
Barnes Real Estate
(319) 981-6221
Listed By:
Connie Barnes
(319) 981-6221
Source:
Exprealty
Added: Mar 22
Changed: Jul 23
Last Checked: Jul 23 at 2:02PM
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 Barnes Real Estate
Investment Insights
Based on property information with market context.
Located at 305 B Ave, Vinton, IA, this B2 commercial property was formerly used as a veterinarian office and includes a functional, existing layout that can be adapted to a variety of business uses. The space is suited for owner-occupants or investors looking to reconfigure the interior to fit their operational needs.
The property is situated in downtown Vinton and is zoned B2. In addition, the owner will be purchasing the lot behind the structure that is home to parking and a garage, which may support future flexibility for customer or tenant access.
The property is situated in downtown Vinton and is zoned B2. In addition, the owner will be purchasing the lot behind the structure that is home to parking and a garage, which may support future flexibility for customer or tenant access.
Key Highlights
- B2 commercial property in downtown Vinton, previously used as a veterinary office
- Functional former vet layout can be adapted for retail, salon, boutique, thrift shop, or professional office use
- Owner will be purchasing the lot behind the structure that includes parking and a garage
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.7k | $8.40 |
| − Vacancy | −$2.8k | −$2.00 |
| EGI | $8.9k | $6.40 |
| − OpEx | −$2.2k | −$1.60 |
| NOI | $6.7k | $4.80 |
1,391 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%
Alternative Uses
Best Use
Retail
$187.9K
$164.4K – $219.2K
NOI $13,153 @ 7.0% cap · market cap 11.05%
Second Best
Office B
$95.4K
$83.5K – $111.3K
NOI $6,680 @ 7.0% cap · market cap 5.61%
Theoretical Best
Specialty Retail
$201.3K
$176.2K – $234.9K
NOI $14,093 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Downtown Vinton building with B2 zoning and a former veterinary office layout.
Where is this office units located?
The property is located at 305 B Ave Vinton, IA.
What is the asking price?
The asking price for this property is $119,000.
What are key features of this property?
This property features: B2 commercial property in downtown Vinton, previously used as a veterinary office; Functional former vet layout can be adapted for retail, salon, boutique, thrift shop, or professional office use; Owner will be purchasing the lot behind the structure that includes parking and a garage
