Highway Showroom
For Sale
$1,950,000
911 Westwood Drive, Dewitt, IA 52742
Adaptable showroom and commercial space with upstairs storage, paved parking, and a location at a major highway interchange.
Property Size13,460 SF
Lot Size5.00 Acres
Days on Market103
Property Features for 911 Westwood Drive
General Information
Standard status
Active
Size
13,460 SF
Lot size
5.00 Acres
Property subtype
Commercial
Zoning
COMMR
Site & Location
Traffic Count
18,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Land Use
commercial
Taxes and HOA fees
Annual Taxes
$32,096
Building Details
Building Size
13,460 SF
Year Built
2004
Stories
2
Listing Agency:
QC Reserve - Real Broker, LLC
(563) 294-0877
Listed By:
Lindsay Thiel · License #S62246000/475.158930
(563) 294-0877
Source:
Cavanaghrealty
Added: May 6
Changed: Aug 14
Last Checked: Aug 15 at 1:38PM
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 QC Reserve - Real Broker, LLC
Investment Insights
Based on property information with market context.
This showroom property includes more than 13,000 square feet of commercial space across two parcels totaling 5 acres MOL. The building was constructed in 2004 and includes additional storage on the upper level, while a large paved parking area serves the site. The property is zoned COMMR and has previously accommodated a used car and truck sales operation.
Located at 911 Westwood Drive in De Witt, Iowa, the site sits at the interchange of U.S. Highway 61 and U.S. Route 30, where reported traffic exceeds 18,000 vehicles per day. The current business is relocating to obtain additional indoor storage for its classic car operations. The property is shown by appointment only.
Located at 911 Westwood Drive in De Witt, Iowa, the site sits at the interchange of U.S. Highway 61 and U.S. Route 30, where reported traffic exceeds 18,000 vehicles per day. The current business is relocating to obtain additional indoor storage for its classic car operations. The property is shown by appointment only.
Key Highlights
- 5 acres MOL across two parcels
- More than 13,000 square feet of showroom and commercial space
- Upper‑level storage included
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
$133,543
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
6.85%
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%
$2,670,860
$2.7M
Cap Rate 7%
$1,907,757
$1.9M
Cap Rate 9%
$1,483,811
$1.5M
Market Conditions
NOI Build-Up for 13,460 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
$208.4K $15.48/SF
− Vacancy
−$17.6K −$1.31/SF
EGI
$190.8K $14.17/SF
− OpEx
−$57.2K −$4.25/SF
NOI
$133.5K $9.92/SF
Area
Clinton County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
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%
$2,670,860
Cap Rate 7%
$1,907,757
Cap Rate 9%
$1,483,811
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,543 @ 7.0% cap · market cap 6.85%
Second Best
Industrial
$929.0K
$812.9K – $1.08M
NOI $65,031 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,554 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52742, IA
7,651
Population
3,077
Households
2.5
Avg Household Size
42
Median Age
32%
College-Educated
97%
High-School Grad
117.0 sq mi
ZIP Area
65
Density / Sq Mi
$92,500
Median Household Income
$50,536
Median Earnings
$933
Median Rent
$241,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Showroom - Adaptable showroom and commercial space with upstairs storage, paved parking, and a location at a major highway interchange.
Where is this showroom located?
The property is located at 911 Westwood Drive Dewitt, IA.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 5 acres MOL across two parcels; More than 13,000 square feet of showroom and commercial space; Upper‑level storage included
