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    Iowa Speedway Dr Newton, IA 50208

    Sponsored
    For Sale
    Contact for pricing

    Prime Newton, IA development land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional commercial land offering presents a unique investment opportunity in Newton, Iowa. Located at the northwest corner of Interstate 80 and Speedway Drive, this property boasts unparalleled visibility and accessibility. The site encompasses between 2.64 and 40.44 acres, zoned C-T (Tourist Oriented Commercial District), providing flexibility for a variety of development projects. Its proximity to the Iowa Speedway, a major NASCAR venue attracting tens of thousands of visitors annually, ensures high traffic and visibility. The land is ideally suited for retail, industrial, or hospitality ventures. The city's vision for this district includes promoting unique building designs and establishing a distinct identity, creating a vibrant hub of activity. Public financial incentives may be available. The property's APN numbers are 13.01.202.005

    Property Features for 0 Iowa Speedway Dr

    General Information

    Property type
    Land
    Lot Size
    114,998 SF

    HighLights

    • Prairie Fire District reflects the area's heritage and signifies revitalization.
    • The district is envisioned as a vibrant, exciting, and restored hub.
    • The undeveloped district offers high‑quality development potential, boosting resident pride and attracting visitors.
    • Development goals include unique storefront, shopping center, and industrial building designs.
    • The district will establish a distinct identity, differentiating it from other I‑80 developments.
    • The city seeks a diverse mix of developments, including shopping centers, hotels, restaurants, recreation, and museums.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newton
    County
    Jasper
    State
    Iowa
    Longitude
    -93.005803
    Latitude
    41.6876547

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    FAQs

    What type of property is this?
    Land - Prime Newton, IA development land.
    Where is this land located?
    The property is located at Iowa Speedway Dr Newton, IA.
    What are key features of this property?
    This property features: Prairie Fire District reflects the area's heritage and signifies revitalization.; The district is envisioned as a vibrant, exciting, and restored hub.; The undeveloped district offers high-quality development potential, boosting resident pride and attracting visitors.
    Request Owner's contact information
    Iowa Speedway Dr Newton, IA 50208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Iowa Speedway Dr Newton, IA 50208
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