Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Development Land For Sale Title is generated by Realmo AI

    1501 1st Ave E, Newton, IA 50208

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Commercial land available adjacent to Hy-Vee in Newton, Iowa.

    Type:Land
    Added:
    Nov 28, 2023
    Days on Market:
    917
    Last Refresh:
    May 12 at 9:22 pm

    Property Features for 1501 1st Ave E

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Michael A. Smith

    Listing agent Michael A. Smith License #IA S43822000

    Listing office CBRE - Des Moines

    Listing date Nov 28, 2023

    Source Crexi

    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 CBRE - Des Moines

    HighLights

    • Adjacent to Hy‑Vee store, offering high visibility and customer traffic.
    • Located in Newton, Iowa.
    • Parcel A has frontage on Highway 6, providing excellent exposure.
    • Commercial development land.
    • Parcel A is adjacent to Hy‑Vee Fast N Fresh.
    • Parcel B is adjacent to the Hy‑Vee store parking lot.

    Overview

    Commercial development land is available for purchase in Newton, Iowa. The property is located adjacent to a Hy-Vee store. Parcel A is situated next to Hy-Vee Fast N Fresh and has frontage on Highway 6. Parcel B is located directly behind Hy-Vee Fast N Fresh and is adjacent to the store parking lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Jasper
    State
    Iowa
    Longitude
    -93.0350431
    Latitude
    41.6990788

    Nearby Similar for Sale

    • $2,145,000
      4,968 SF

      NNN Leased Pizza Ranch Investment

      NNN leased Pizza Ranch in Newton, Iowa for sale.
      1500 W 18th St S, Newton, IA 50208
      View Details
    • $200,000
      1,624 SF

      Renovated Duplex in Central Newton

      Turn-key duplex with modern updates and income potential.
      820 1st Avenue E, Newton, IA 50208
      View Details
    • $154,000
      1,908 SF

      Versatile Two-Story Newton Multifamily Property

      Two-story property with flexible single-family or duplex configuration.
      412 S 2nd Avenue E, Newton, IA 50208
      View Details
    • $1,000,000
      3,520 SF

      Freestanding BP Gas Station

      Single tenant BP gas station in Newton, Iowa for sale.
      4300 South 22nd Avenue East, Newton, IA 50208
      View Details
    • $189,900
      1,440 SF

      Updated Duplex with Garage

      Updated duplex with modern features, new roof, and garage.
      502 E 12th Street S, Newton, IA 50208
      View Details
    • $350,000
      4,426 SF

      Newton Iowa Apartment Building

      Six-unit apartment building with recent capital improvements.
      520 South 5th Avenue East, Newton, IA, 50208
      View Details
    • $3,995,000
      137,000 SF

      Versatile Industrial Facility on 22 Acres

      135,864 SF multi-use facility on 22 acres in Newton, IA.
      200 N 8th Ave E, Newton, IA 50208
      View Details
    • $349,900

      Newton, Iowa Land For Sale

      Approximately 13 acres of land with building sites.
      N 15th Street W, Newton, IA 50208
      View Details
    • $700,000
      8,424 SF

      Newton Iowa Apartment Portfolio

      12-unit apartment building with recent roof improvements in Newton, Iowa.
      115 South 5th Avenue West, Newton, IA, 50208
      View Details
    • $2,308,000
      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
    • $199,000

      Versatile Building with Stage and Bar

      Adaptable space with kitchen, bar, stage, and included furniture.
      111 E 2nd St S, Newton, IA, 50208-3729
      View Details
    • $1,100,000
      3 SF

      Commercial Land Near Interstate I-80

      Commercial land with convenient access to Interstate I-80.
      2 22nd Ave. E, Newton, IA, 50208
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available adjacent to Hy-Vee in Newton, Iowa.
    Where is this commercial land located?
    The property is located at 1501 1st Ave E Newton, IA.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Adjacent to Hy‑Vee store, offering high visibility and customer traffic.; Located in Newton, Iowa.; Parcel A has frontage on Highway 6, providing excellent exposure.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael A. Smith
    Real Estate License ID: IA S43822000
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1501 1st Ave E, Newton, IA 50208
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!