Retail Investment Property in
For Sale
$2,395,000
709 34th Avenue Southwest, Altoona, IA 50009
Two-tenant retail investment property anchored by Dollar Tree.
Property Size11,077 SF
Price / SF$216.21
Days on Market208
Property Features for 709 34th Avenue Southwest
General Information
Standard status
Active
Size
11,077 SF
Property subtype
Retail
Listing Agency:
CBRE
Listed By:
Grant Wright, CCIM
(515) 745-5113
Source:
Cbre
Added: Mar 27
Changed: Oct 6
Last Checked: Oct 19 at 5:45AM
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 CBRE
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Investment Insights
Based on property information with market context.
This commercial real estate offering features a retail space anchored by Dollar Tree. The property is located in Altoona, Iowa. The property has a total size of 11077 square feet and is currently for sale.
Key Highlights
- Dollar Tree Anchored retail investment.
- Two‑tenant property.
- Located in Altoona, Iowa.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,165
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,300
$2.0M
Cap Rate 7%
$1,459,500
$1.5M
Cap Rate 9%
$1,135,167
$1.1M
Market Conditions
NOI Build-Up for 11,077 SF
Gross rent
$159.5K $14.40/SF
− Vacancy
−$13.6K −$1.22/SF
EGI
$146.0K $13.18/SF
− OpEx
−$43.8K −$3.95/SF
NOI
$102.2K $9.22/SF
Area
Polk County, IA
Vacancy
8.50%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,043,300
Cap Rate 7%
$1,459,500
Cap Rate 9%
$1,135,167
Alternative Uses
Best Use
Retail
$1.46M
$1.28M – $1.70M
NOI $102,165 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$10.66M
$9.33M – $12.44M
NOI $746,413 @ 7.0% cap · market cap 31.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
433
Businesses Nearby
366k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 39%
Superstores 24%
Shops & Services 15%
Home Improvements & Furnishings 10%
Target
Superstores
88,073 visits/mo
0.3 miles
Raising Cane's Chicken Fingers
Dining
36,178 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
33,501 visits/mo
0.3 miles
McDonald's
Dining
25,893 visits/mo
0.3 miles
Altoona #3
Shops & Services
23,623 visits/mo
0.1 miles
Demographics for 50009, IA
21,230
Population
8,829
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
96%
High-School Grad
27.9 sq mi
ZIP Area
761
Density / Sq Mi
$90,393
Median Household Income
$52,227
Median Earnings
$1,201
Median Rent
$261,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Two-tenant retail investment property anchored by Dollar Tree.
Where is this retail space located?
The property is located at 709 34th Avenue Southwest Altoona, IA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Dollar Tree Anchored retail investment.; Two‑tenant property.; Located in Altoona, Iowa.
