Storefront Property with Central
For Sale
$144,900
802 6th Avenue, Dewitt, IA 52472
Commercial storefront offering central air, ceiling fans, and COMMR zoning.
Property Size1,236 SF
Days on Market226
Property Features for 802 6th Avenue
General Information
Standard status
Active
Size
1,236 SF
Zoning
COMMR
Taxes and HOA fees
Annual Taxes
$696
Amenities
Central Air, Ceiling Fan(s)
Building Details
Building Size
1,236 SF
Year Built
1900
Stories
1
Listing Agency:
Central Realty
(563) 349-9700
Listed By:
Andrew Petersen · License #S67557000
(563) 349-9700
Source:
Evrealestate
Added: Jan 16
Changed: Aug 30
Last Checked: Aug 30 at 1:01PM
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 Central Realty
Investment Insights
Based on property information with market context.
This storefront property at 802 6th Avenue in De Witt, Iowa, dates to 1900 and includes central air conditioning and ceiling fans. The property carries COMMR zoning, providing a defined commercial-use designation for evaluation by prospective owners or users.
Access is described from 11th Street via southbound 6th Avenue. The asset is offered for sale and is located in Clinton County.
Access is described from 11th Street via southbound 6th Avenue. The asset is offered for sale and is located in Clinton County.
Key Highlights
- 802 6th Avenue, De Witt, IA 52472
- Storefront property with COMMR zoning
- Central air conditioning
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
$12,263
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
8.46%
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%
$245,260
$245.3K
Cap Rate 7%
$175,186
$175.2K
Cap Rate 9%
$136,256
$136.3K
Market Conditions
NOI Build-Up for 1,236 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
$19.1K $15.48/SF
− Vacancy
−$1.6K −$1.31/SF
EGI
$17.5K $14.17/SF
− OpEx
−$5.3K −$4.25/SF
NOI
$12.3K $9.92/SF
Area
Clinton 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 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%
$245,260
Cap Rate 7%
$175,186
Cap Rate 9%
$136,256
Alternative Uses
Best Use
Retail
$175.2K
$153.3K – $204.4K
NOI $12,263 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$181.8K
$159.0K – $212.1K
NOI $12,723 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Flowers On The Side — 1139 Brookview Dr, DeWitt, IA 52742
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront offering central air, ceiling fans, and COMMR zoning.
Where is this storefront property located?
The property is located at 802 6th Avenue Dewitt, IA.
What is the asking price?
The asking price for this property is $144,900.
What are key features of this property?
This property features: 802 6th Avenue, De Witt, IA 52472; Storefront property with COMMR zoning; Central air conditioning
