Professional Office
For Sale
Contact for pricing
500 Main Street, Laporte City, IA 50651
Office suite includes two private offices and a private bathroom in a Main Street location.
Property Size4,794 SF
Price / SF$0.67
Days on Market99
Property Features for 500 Main Street
General Information
Standard status
Active
Size
4,794 SF
Property subtype
Commercial
Zoning
C
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$1,464
Amenities
0.08
4794
Building Details
Building Size
4,794 SF
Year Built
1880
Listing Agency:
Fischels Residential Group
(319) 234-5000
Listed By:
William Foss · License #S68583000
(319) 464-2448
Source:
Pinnaclerealtyia
Added: Jul 25
Changed: Oct 31
Last Checked: Oct 30 at 12:50PM
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 Fischels Residential Group
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.
Professional office space available for lease at 500 Main Street in La Porte City, IA. The suite is designed for practical day-to-day operations and features two private office rooms plus a private bathroom.
Positioned on Main Street, the space benefits from prominent visibility within La Porte City’s business community. Suitable for a range of small professional and service-oriented uses, the layout supports client-facing and back-office needs within a compact configuration. For additional details or to schedule a showing, contact the listing team.
Positioned on Main Street, the space benefits from prominent visibility within La Porte City’s business community. Suitable for a range of small professional and service-oriented uses, the layout supports client-facing and back-office needs within a compact configuration. For additional details or to schedule a showing, contact the listing team.
Key Highlights
- La Porte City professional office suite for lease on Main Street
- Includes two private office rooms and a private bathroom
- Total building area: 4,794 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,927
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,540
$58.5K
Cap Rate 7%
$41,814
$41.8K
Cap Rate 9%
$32,522
$32.5K
Market Conditions
NOI Build-Up for 447 SF
Gross rent
$5.1K $11.52/SF
− Vacancy
−$1.2K −$2.79/SF
EGI
$3.9K $8.73/SF
− OpEx
−$976 −$2.18/SF
NOI
$2.9K $6.55/SF
Area
Black Hawk County, IA
Vacancy
24.20%
Lease Rate
$11.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$58,540
Cap Rate 7%
$41,814
Cap Rate 9%
$32,522
Alternative Uses
Best Use
Office B
$41.8K
$36.6K – $48.8K
NOI $2,927 @ 7.0% cap · market cap 975.67%
Second Best
—
—
no second resolved use
Theoretical Best
Mixed Use
$560.3K
$490.3K – $653.7K
NOI $39,224 @ 7.0% cap · market cap 13,074.67%
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
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 50651, IA
3,579
Population
1,650
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
96%
High-School Grad
114.5 sq mi
ZIP Area
31
Density / Sq Mi
$79,647
Median Household Income
$50,306
Median Earnings
$838
Median Rent
$172,600
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office suite includes two private offices and a private bathroom in a Main Street location.
Where is this office unit located?
The property is located at 500 Main Street Laporte City, IA.
What are key features of this property?
This property features: La Porte City professional office suite for lease on Main Street; Includes two private office rooms and a private bathroom; Total building area: 4,794 SF
