Storefront with Private
502 Main Street #502, Laporte City, IA 50651
For Sale
Contact for pricing
The interior includes two enclosed offices and a dedicated bathroom.
Property Size4,794 SF
Price / SF$0.15
Days on Market33
Property Features for 502 Main Street #502
General Information
Standard status
Size
Property subtype
Zoning
Taxes and HOA fees
Annual Taxes
Amenities
two private offices
private bathroom
Building Details
Building Size
Year Built
Listing Agency:
Fischels Residential Group
(319) 234-5000
Listed By:
William Foss · License IA S68583000
(319) 464-2448
Source:
Gnbrealestate
Added: Oct 10
Changed: Nov 9
Last Checked: Nov 10 at 10:07AM
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.
This Main Street storefront in La Porte City contains two private offices and a private bathroom. The building dates to 1880, and the address is 502 Main Street, Suite 502.
Key Highlights
- Two private offices
- Private bathroom
- Building constructed in 1880
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,563
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,260
$951.3K
Cap Rate 7%
$679,471
$679.5K
Cap Rate 9%
$528,478
$528.5K
Market Conditions
NOI Build-Up for 4,794 SF
Gross rent
$74.2K $15.48/SF
− Vacancy
−$6.3K −$1.31/SF
EGI
$67.9K $14.17/SF
− OpEx
−$20.4K −$4.25/SF
NOI
$47.6K $9.92/SF
Area
Black Hawk County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$951,260
Cap Rate 7%
$679,471
Cap Rate 9%
$528,478
Alternative Uses
Best Use
Retail
$679.5K
$594.5K – $792.7K
NOI $47,563 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,239 @ 7.0% cap
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
Under-served
Demand for This Use
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
$172,600
Median Home Value
Market
Average Price Trend$/SF for Storefront properties in Black Hawk County, IA
Properties on Market for Storefront properties in Black Hawk County
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Petals of Hope by Patty — 316 Main St, La Porte City, IA 50651
Frequently Asked Questions
What type of property is this?
Storefront property - The interior includes two enclosed offices and a dedicated bathroom.
Where is this storefront property located?
The property is located at 502 Main Street #502 Laporte City, IA.
What are key features of this property?
This property features: Two private offices; Private bathroom; Building constructed in 1880
