Convenience Store with
New
For Sale
Contact for pricing
403 S John Wayne Dr, Winterset, IA 50273
The existing pole sign offers an established on-site identification feature.
Property Size1,160 SF
Price / SF$413.79
Days on Market5
Property Features for 403 S John Wayne Dr
General Information
Standard status
Active
Size
1,160 SF
Property subtype
RETAIL
Automotive
Automotive Uses
fuel station
Convenience Store
Yes
Amenities
Existing Pole Signage
Listing Agency:
KW Commercial
(515) 771-3299
Listed By:
Mick Grossman · License #S43534000
(712) 299-2399
Source:
Moodyscre
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:52PM
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 KW Commercial
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 1,160-square-foot convenience store and fuel property is located at 403 S John Wayne Dr in Winterset, Iowa. An existing pole sign is part of the site. The property is identified for convenience store and fuel use, with vacancy anticipated.
Key Highlights
- 1,160‑square‑foot convenience store and fuel property
- Existing pole signage
- Vacancy anticipated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,028
Cap Rate
3.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,560
$340.6K
Cap Rate 7%
$243,257
$243.3K
Cap Rate 9%
$189,200
$189.2K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$24.4K $21.00/SF
− Vacancy
−$1.7K −$1.43/SF
EGI
$22.7K $19.57/SF
− OpEx
−$5.7K −$4.89/SF
NOI
$17.0K $14.68/SF
Area
Madison County, IA
Vacancy
6.80%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$340,560
Cap Rate 7%
$243,257
Cap Rate 9%
$189,200
Alternative Uses
Best Use
Specialty Retail
$243.3K
$212.9K – $283.8K
NOI $17,028 @ 7.0% cap · market cap 3.55%
Second Best
Retail
$213.1K
$186.5K – $248.7K
NOI $14,920 @ 7.0% cap · market cap 3.11%
Theoretical Best
Flex RnD
$1.12M
$977.1K – $1.30M
NOI $78,165 @ 7.0% cap · market cap 16.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
96k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 28%
Groceries 16%
Home Improvements & Furnishings 16%
Hy-Vee
Groceries
15,066 visits/mo
0.1 miles
Casey's
Shops & Services
12,760 visits/mo
0.2 miles
McDonald's
Dining
11,052 visits/mo
0.3 miles
Bomgaars
Home Improvements & Furnishings
10,588 visits/mo
0.2 miles
Kum & Go
Shops & Services
9,389 visits/mo
0.4 miles
Demographics for 50273, IA
8,570
Population
3,927
Households
2.2
Avg Household Size
41
Median Age
25%
College-Educated
96%
High-School Grad
195.2 sq mi
ZIP Area
44
Density / Sq Mi
$80,018
Median Household Income
$48,149
Median Earnings
$948
Median Rent
$216,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Gas station - The existing pole sign offers an established on-site identification feature.
Where is this gas station located?
The property is located at 403 S John Wayne Dr Winterset, IA.
What is the asking price?
The asking price for this property is $480,000.
What are key features of this property?
This property features: 1,160‑square‑foot convenience store and fuel property; Existing pole signage; Vacancy anticipated
