Mixed-Use Building with Coffee
New
For Sale
$375,000
806 12th Street, Belle Plaine, IA 52208
Commercial, Belle Plaine, IA
Property Size2,250 SF
Lot Size0.05 Acres
Price / SF$166.67
Days on Market1
Property Features for 806 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
03014600
Size
2,250 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Description
HUTTONS ADD COM 45' E SW COR LOT 3 E 22. 50' N TO ALLEY W 22. 50' S TO BEG 3
Tax Annual Amount
472
Legal Description
HUTTONS ADD COM 45' E SW COR LOT 3 E 22. 50' N TO ALLEY W 22. 50' S TO BEG 3
Building Details
Year built
1907
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 11:06PM
MLS# 2606747
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.
This 2,250-square-foot mixed-use property has a coffee shop on the main floor and a furnished two-bedroom short-term rental upstairs. The apartment includes a full kitchen, updated appliances, and a washer and dryer. A dedicated office, storage areas, and basement access provide additional functional space. The building dates to 1907 and has a 0.05-acre lot.
Updates include the roof, windows, HVAC, electrical systems, lighting, flooring, and interior finishes. The property is zoned Com and is located at 806 12th Street in Belle Plaine, Iowa.
Updates include the roof, windows, HVAC, electrical systems, lighting, flooring, and interior finishes. The property is zoned Com and is located at 806 12th Street in Belle Plaine, Iowa.
Key Highlights
- 2,250‑square‑foot mixed‑use building on a 0.05‑acre lot
- Main floor currently houses a coffee shop
- Furnished upstairs short‑term rental with two bedrooms, full kitchen, updated appliances, and washer/dryer
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
$22,795
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
6.08%
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%
$455,900
$455.9K
Cap Rate 7%
$325,643
$325.6K
Cap Rate 9%
$253,278
$253.3K
Market Conditions
NOI Build-Up for 2,250 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
$32.9K $14.64/SF
− Vacancy
−$2.5K −$1.13/SF
EGI
$30.4K $13.51/SF
− OpEx
−$7.6K −$3.38/SF
NOI
$22.8K $10.13/SF
Area
Benton County, IA
Vacancy
7.73%
Lease Rate
$14.64 /SF/Yr
Expense Ratio
25.00%
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%
$455,900
Cap Rate 7%
$325,643
Cap Rate 9%
$253,278
Alternative Uses
Best Use
Specialty Retail
$325.6K
$284.9K – $379.9K
NOI $22,795 @ 7.0% cap · market cap 6.08%
Second Best
Mixed Use
$272.0K
$238.0K – $317.4K
NOI $19,043 @ 7.0% cap · market cap 5.08%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A furnished upstairs apartment adds a residential component to the street-level commercial space.
Where is this mixed-use property located?
The property is located at 806 12th Street Belle Plaine, IA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,250‑square‑foot mixed‑use building on a 0.05‑acre lot; Main floor currently houses a coffee shop; Furnished upstairs short‑term rental with two bedrooms, full kitchen, updated appliances, and washer/dryer
