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    828 Beverly Rd Fairfax, IA 52228

    Sponsored
    For Sale
    $350,000

    2.45-acre C-2 zoned lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 2.45-acre commercial lot, located at 828 Beverly Rd SW in Fairfax, Iowa (APN 20044-76005-00000), is zoned C-2 Highway Commercial. Priced at $350,000 ($3.28/sq ft), it offers excellent potential for development. Situated at the entrance to Heartland Heights, a rapidly growing residential community with over 70% of its first three additions (170 lots) already sold, this property benefits from significant future residential expansion. The preliminary plat indicates further commercial development is planned, making this a strategic investment. Fairfax enjoys steady growth and convenient access to Cedar Rapids. All essential utilities are available on-site, with access from Beverly Rd. This location is poised to become a major commercial hub along 80th St. The property is within the College Community School District and offers lower property taxes compared to other areas. Heartland Heights' overall development plan encompasses nearly 450 acres.

    Property Features for 828 Beverly Rd

    General Information

    Property type
    Land
    Lot Size
    106,722 SF

    HighLights

    • 2.45‑acre C‑2 Highway Commercial lot in Fairfax, IA (APN 20044‑76005‑00000), priced at $350,000.
    • Located at the entrance to the rapidly expanding Heartland Heights residential community.
    • Situated within the College Community School District and offers lower property taxes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Pharmacy Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Linn
    State
    Iowa
    Longitude
    -91.774655461859
    Latitude
    41.936994793999

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    FAQs

    What type of property is this?
    Land - 2.45-acre C-2 zoned lot, prime location.
    Where is this land located?
    The property is located at 828 Beverly Rd Fairfax, IA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 2.45-acre C-2 Highway Commercial lot in Fairfax, IA (APN 20044-76005-00000), priced at $350,000.; Located at the entrance to the rapidly expanding Heartland Heights residential community.; Situated within the College Community School District and offers lower property taxes.
    Request Owner's contact information
    828 Beverly Rd Fairfax, IA 52228
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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
    828 Beverly Rd Fairfax, IA 52228
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