Multi-Use Medical Office
820 W Summit St Winterset, IA 50273
New
820 W Summit St, Winterset, IA, 50273
$799,900
For Sale
$799,900
Medical office and exam room layout with private offices, conference areas, and a large front lobby.
Property Size4,782 SF
Lot Size2.55 Acres
Price / SF$167.27
Days on Market3
Property Features for 820 W Summit St
General Information
- Standard status
- Active
- Size
- 4,782 SF
- Lot size
- 2.55 Acres
Building Details
- Year Built
- 1969
Listing agency
Homefront Real Estate, LLC
(515) 468-0409
Listed by
Sarah Cowman
Source
Kwlegacyrealty
Added: Jul 21 Updated: Jul 23 at 2:52AM Checked: Jul 23 at 2:52AM
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 Homefront Real Estate, LLC
Investment Insights
Based on property information with market context.
This multi-use building offers a healthcare-friendly interior with private office spaces, exam room areas, conference room space, and a large front lobby. The property includes a basement with garage space, and it is configured to support either two separate businesses or one larger operation.
The building is located on a busy main road in Winterset, close to local schools and a school sports complex. It sits on 2.55 acres (m/l) and includes plenty of parking and green space.
The most recent reported uses were a dental office and a physical therapy office. The current zoning is TD1, and the sale includes four different parcel numbers.
The building is located on a busy main road in Winterset, close to local schools and a school sports complex. It sits on 2.55 acres (m/l) and includes plenty of parking and green space.
The most recent reported uses were a dental office and a physical therapy office. The current zoning is TD1, and the sale includes four different parcel numbers.
Key Highlights
- Multi‑use commercial building with 4,700+ SF plus a basement with garage space
- Medical office and exam room layout with private offices, conference areas, and a large front lobby
- Set up to accommodate 2 separate businesses or one larger operation
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $120.5k | $25.20 |
| − Vacancy | −$10.2k | −$2.14 |
| EGI | $110.3k | $23.06 |
| − OpEx | −$44.1k | −$9.22 |
| NOI | $66.2k | $13.83 |
4,782 SF · lease $25.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$945.1K
$827.0K – $1.10M
NOI $66,158 @ 7.0% cap · market cap 8.27%
Second Best
Office B
$900.1K
$787.6K – $1.05M
NOI $63,008 @ 7.0% cap · market cap 7.88%
Theoretical Best
Flex RnD
$4.60M
$4.03M – $5.37M
NOI $322,230 @ 7.0% cap · market cap 40.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
E3 Millennium Therapy ...
Medical Clinic
Millennium Therapy
Medical Clinic
Dr. Christopher W. ...
Dental Office
Similar For Sale Nearby
Similar Off Market Nearby
- Healing Hearts Animal Therapy, Inc. — 312 S 10th Ave, Winterset, IA 50273, United States
FAQs
What type of property is this?
Medical Office Space - Medical office and exam room layout with private offices, conference areas, and a large front lobby.
Where is this medical office space located?
The property is located at 820 W Summit St Winterset, IA.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Multi‑use commercial building with 4,700+ SF plus a basement with garage space; Medical office and exam room layout with private offices, conference areas, and a large front lobby; Set up to accommodate 2 separate businesses or one larger operation
