Automotive Property with Two
7300 28TH Avenue, Newhall, IA 52315
For Sale
New
$2,900,000
The site includes a sales and service facility alongside a separate pole building.
Property Size27,512 SF
Lot Size7.24 Acres
Price / SF$105.41
Days on Market6
Property Features for 7300 28TH Avenue
General Information
Standard status
Size
Lot size
Property subtype
Lease Term
Site & Location
Highway Access
Road Access
Additional Details
Real Estate Included
Building Details
Year Built
Buildings
Listing Agency:
GLD COMMERCIAL
Listed By:
Erica Seelman · License IA S64720000
(319) 329-4141
Source:
Cbhrealty
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 3:05AM
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 GLD COMMERCIAL
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7.24-acre automotive property in Newhall, Iowa, contains two buildings: a 22,512-square-foot sales and service facility and a 5,000-square-foot pole building. The property previously operated as a car dealership, and zoning is listed as Comm.
Direct frontage along Highway 30 connects the site to the highway corridor. The two-building configuration and acreage are the primary physical features of the property.
Direct frontage along Highway 30 connects the site to the highway corridor. The two-building configuration and acreage are the primary physical features of the property.
Key Highlights
- 7.24 acres with direct Highway 30 frontage
- 22,512‑square‑foot sales and service building
- Separate 5,000‑square‑foot pole building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,149
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,202,980
$5.2M
Cap Rate 7%
$3,716,414
$3.7M
Cap Rate 9%
$2,890,544
$2.9M
Market Conditions
NOI Build-Up for 27,512 SF
Gross rent
$402.8K $14.64/SF
− Vacancy
−$31.1K −$1.13/SF
EGI
$371.6K $13.51/SF
− OpEx
−$111.5K −$4.05/SF
NOI
$260.1K $9.46/SF
Area
Benton County, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,202,980
Cap Rate 7%
$3,716,414
Cap Rate 9%
$2,890,544
Alternative Uses
Best Use
Retail
$3.72M
$3.25M – $4.34M
NOI $260,149 @ 7.0% cap · market cap 8.97%
Second Best
Industrial
$2.06M
$1.80M – $2.40M
NOI $144,252 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$3.98M
$3.48M – $4.65M
NOI $278,731 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52315, IA
1,171
Population
554
Households
2.1
Avg Household Size
40
Median Age
18%
College-Educated
98%
High-School Grad
28.6 sq mi
ZIP Area
41
Density / Sq Mi
$75,833
Median Household Income
$51,518
Median Earnings
$628
Median Rent
$178,400
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
Similar Off Market Nearby
- Van Horn Ford Chevy of Newhall Service — 7300 28th Ave, Newhall, IA 52315
- Van Horn Ford Newhall Service — 7300 28th Ave, Newhall, IA 52315
Frequently Asked Questions
What type of property is this?
Auto shop - The site includes a sales and service facility alongside a separate pole building.
Where is this auto shop located?
The property is located at 7300 28TH Avenue Newhall, IA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 7.24 acres with direct Highway 30 frontage; 22,512‑square‑foot sales and service building; Separate 5,000‑square‑foot pole building
