Mixed-Use Building with Updated
New
For Sale
$175,000
726 12th Street, Belle Plaine, IA 52208
Commercial, Belle Plaine, IA
Property Size1,760 SF
Lot Size0.04 Acres
Price / SF$99.43
Days on Market1
Property Features for 726 12th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Com
Directions
.
Subdivision
OT-W (West of I-380)
Standard status
Active
APN
03014550
Size
1,760 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Description
HUTTONS ADD COM 66' W SE COR LOT 3 N 80' W 22' S 80' E 22' LOT 3 BLK 3
Tax Annual Amount
3
Legal Description
HUTTONS ADD COM 66' W SE COR LOT 3 N 80' W 22' S 80' E 22' LOT 3 BLK 3
Building Details
Year built
1900
Building materials
Frame
Listing Agency:
RE/MAX CONCEPTS · RE/MAX International
(319) 395-0101
Listed By:
Alicia Porter · License #S57287000
(319) 743-7221
Added: Sep 25
Last Checked: Sep 25 at 10:06PM
MLS# 2606744
Copyright © 2026 Cedar Rapids Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1900, this 1,760-square-foot mixed-use property includes commercial areas on the main floor and a residential unit above. The upper level is arranged with three bedrooms, two bathrooms, an office, laundry and mudroom space, and an open living area. Gas and water connections for a kitchen are in place. Main-floor features include repaired tin ceilings, a restroom, and storage, with space suited to varied commercial configurations.
Renovation work includes new electrical, plumbing, HVAC, spray foam insulation, framing, and rough-ins. Inspections have been passed, and tilt-in windows have been ordered for installation. The 0.04-acre property is in downtown Belle Plaine, a community that sees annual traffic from the RAGBRAI route.
Renovation work includes new electrical, plumbing, HVAC, spray foam insulation, framing, and rough-ins. Inspections have been passed, and tilt-in windows have been ordered for installation. The 0.04-acre property is in downtown Belle Plaine, a community that sees annual traffic from the RAGBRAI route.
Key Highlights
- Mixed‑use building with 1,760 square feet on a 0.04‑acre lot
- Upper‑level residence has 3 bedrooms, 2 bathrooms, an office, and laundry/mudroom space
- Main floor includes flexible commercial areas, restroom, storage, and repaired tin ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,896
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$297,920
$297.9K
Cap Rate 7%
$212,800
$212.8K
Cap Rate 9%
$165,511
$165.5K
Market Conditions
NOI Build-Up for 1,760 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.8K $14.64/SF
− Vacancy
−$1.9K −$1.10/SF
EGI
$23.8K $13.54/SF
− OpEx
−$8.9K −$5.08/SF
NOI
$14.9K $8.46/SF
Area
Benton County, IA
Vacancy
7.50%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$297,920
Cap Rate 7%
$212,800
Cap Rate 9%
$165,511
Alternative Uses
Best Use
Retail
$237.7K
$208.0K – $277.4K
NOI $16,642 @ 7.0% cap · market cap 9.51%
Second Best
Mixed Use
$212.8K
$186.2K – $248.3K
NOI $14,896 @ 7.0% cap · market cap 8.51%
Theoretical Best
Specialty Retail
$254.7K
$222.9K – $297.2K
NOI $17,831 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Belle Plaine #2
Shops & Services
9,416 visits/mo
0.2 miles
Dollar General
Shops & Services
4,370 visits/mo
0.3 miles
BP
Shops & Services
2,023 visits/mo
0.1 miles
FedEx Office Print & Ship Center
Shops & Services
904 visits/mo
0.3 miles
Carquest Auto Parts
Shops & Services
682 visits/mo
0.1 miles
Demographics for 52208, IA
2,951
Population
1,451
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
95%
High-School Grad
60.7 sq mi
ZIP Area
49
Density / Sq Mi
$71,336
Median Household Income
$45,202
Median Earnings
$773
Median Rent
$119,700
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A three-bedroom upper-level residence sits above adaptable commercial areas with major building systems replaced.
Where is this mixed-use property located?
The property is located at 726 12th Street Belle Plaine, IA.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Mixed‑use building with 1,760 square feet on a 0.04‑acre lot; Upper‑level residence has 3 bedrooms, 2 bathrooms, an office, and laundry/mudroom space; Main floor includes flexible commercial areas, restroom, storage, and repaired tin ceilings
