Building Details

Building Size 2,408 SF

Year Built 1957

Buildings 1

Listing Agency: Blank & McCune Real Estate Show Phone

Listed By: Tina Kohl Show Phone

Source: Pinnaclerealtyia

Added: Sep 9 Changed: Oct 25 Last Checked: Oct 26 at 2:41PM

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Investment Insights

Based on property information with market context.

Built in 1957, this flex space is arranged for adaptable commercial use. The building includes two ADA-accessible entrances, two independent office areas, and a spacious central area that can serve as one larger unit or be divided into two separate spaces. Each side has a private restroom, while the property shares a hot water heater. The layout has supported retail, warehouse, salon, showroom, professional office, and service-based operations, including its former use as a bridal shop.

A new HVAC system was installed in 2023. Some on-site building parking is available, adding practical convenience for occupants and visitors. The property is located in Vinton, Iowa, at 315 A Avenue.

Key Highlights

• Two ADA‑accessible entrances
• Can operate as two separate spaces or one larger commercial unit
• Two independent office areas with private restrooms on each side

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$16,717

Cap Rate

7.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,340 $334.3K

Cap Rate 7%

$238,814 $238.8K

Cap Rate 9%

$185,744 $185.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,400 SF

Gross rent

$27.4K $11.40/SF

− Vacancy

−$1.6K −$0.68/SF

EGI

$25.7K $10.72/SF

− OpEx

−$9.0K −$3.75/SF

NOI

$16.7K $6.97/SF

Area

Benton County, IA

Vacancy

6.00%

Lease Rate

$11.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$334,340

Cap Rate 7%

$238,814

Cap Rate 9%

$185,744

Alternative Uses

Best Use

Retail

$324.2K

$283.7K – $378.2K (±1% cap)

NOI $22,694 @ 7.0% cap · market cap 10.56%

Second Best

Flex RnD

$238.8K

$209.0K – $278.6K (±1% cap)

NOI $16,717 @ 7.0% cap · market cap 7.78%

Theoretical Best

Specialty Retail

$347.4K

$303.9K – $405.3K (±1% cap)

NOI $24,315 @ 7.0% cap · market cap 11.31%

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

Home Instead Senior ... Home Health Care Service The Bridal Garden Clothing & Fashion Store

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service Kitchen & Bath Showroom Parking Lot & Garage Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

424

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 52349, IA

7,405

Population

3,548

Households

2.1

Avg Household Size

44

Median Age

28%

College-Educated

91%

High-School Grad

149.6 sq mi

ZIP Area

49

Density / Sq Mi

$71,537

Median Household Income

$53,000

Median Earnings

$838

Median Rent

$173,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Two ADA-accessible entrances support separate or combined commercial spaces.

Where is this flex space located?

The property is located at 315 A Avenue Vinton, IA.

What is the asking price?

The asking price for this property is $215,000.

What are key features of this property?

This property features: Two ADA‑accessible entrances; Can operate as two separate spaces or one larger commercial unit; Two independent office areas with private restrooms on each side