Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Iowa Speedway Dr Newton, IA 50208

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Newton, IA development land.

    Property Features for 0 Iowa Speedway Dr

    General Information

    Property type
    Land
    Lot Size
    114,998 SF

    We can help!

    Listing Contact
    Brian Erickson
    Brian Erickson

    Listing Agency: Knapp Properties L.C. Listing Agent: Brian Erickson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    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 Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newton
    County
    Jasper
    State
    Iowa
    Longitude
    -93.005803
    Latitude
    41.6876547

    Nearby Similar for Sale

    • $199,000
      Pending

      Versatile Commercial Building in Newton

      High-visibility Newton building with full kitchen, bar, and furniture.
      111 E 2Nd St S, Newton, IA 50208
      View Details
    • $390,000
      Pending

      New Construction Duplex in Newton

      New 2-bedroom, 2.5-bathroom duplex in a quiet cul-de-sac.
      2389 N 10Th Ave E, Newton, IA 50208
      View Details
    • Contact for pricing
      32.59 Acres

      Productive Farmland Auction in Newton, Iowa

      Productive farmland totaling 32.59 acres in Jasper County, Iowa.
      02 E 44Th St N, Newton, IA 50208
      View Details
    • Contact for pricing
      88.96 Acres

      Productive Farmland Tract Near Newton, IA

      88.96 acres of farmland with excellent yield history.
      04 County Hwy T12 E, Newton, IA 50208
      View Details
    • Contact for pricing
      77.35 Acres

      Productive Farmland Tract in Newton, Iowa

      Productive 77.35 acre farmland tract for sale.
      01 E 44Th St N, Newton, IA 50208
      View Details
    • Contact for pricing
      72.85 Acres

      Productive Farmland Tract Near Newton, Iowa

      72.85 acre farmland tract with excellent yield history.
      03 County Hwy T12 E, Newton, IA 50208
      View Details
    • Contact for pricing
      77.35 Acres

      Productive Farmland Tract Near Newton

      77.35 acres of tillable farmland northeast of Newton, Iowa.
      01 E 44Th St N, Newton, IA 50208
      View Details
    • Contact for pricing
      32.59 Acres

      Productive Farmland Tract Near Newton

      32.59 acres of farmland with excellent yield history.
      02 E 44Th St N, Newton, IA 50208
      View Details
    • Contact for pricing
      72.85 Acres

      Productive Farmland Tract Near Newton

      72.85 acre farmland tract with excellent yield history.
      03 County Hwy T12 E, Newton, IA 50208
      View Details
    • Contact for pricing
      2,160 SF

      New Drive-Thru Starbucks Investment

      New construction Starbucks in Newton, IA, near Interstate 80.
      1220 W 18Th St S, Newton, IA 50208
      View Details
    • Contact for pricing
      3,520 SF

      Newton Estate with Carriage House

      Spacious Newton property with main house and finished carriage house.
      1149 W 28Th St, Newton, IA 50208
      View Details
    • $235,000
      8,067 SF

      Historic Newton Landmark Awaits Vision

      Historic building in downtown Newton, ready for its next chapter.
      219 North 2Nd Ave West, Newton, IA 50208
      View Details

    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.
    (515) 202-5035 Call to check price and availability
    Request Owner's contact information
    Iowa Speedway Dr Newton, IA 50208
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Iowa Speedway Dr
    Newton, IA 50208
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Brian Erickson
    Brian Erickson
    Real Estate License ID: B55744000
    (515) 202-5035 (505) 202-5035
    Learn more
    Google sign-in failed. Please try again or use another login method.