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

    908 J Ave Vinton, IA 52349

    Sponsored
    For Sale
    $150,000

    0.21-acre lot with 8 storage units.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 0.21-acre residential land parcel in Vinton, Iowa, presents a unique investment opportunity. Located at 908 J Ave, Benton County, IA 52349 (APN 24097810), the property includes eight existing storage garages situated at the rear. These garages have been used for personal storage and have never been rented, therefore no profit and loss statements are available. The property is being sold as-is, with the understanding that final plat approval and use permits must be secured by the buyer before closing. The seller retains the right to utilize the storage units for a period of 60 days post-closing. Significant improvements are planned for the area

    Property Features for 908 J Ave

    General Information

    Property type
    Land
    Lot Size
    9,148 SF

    We can help!

    Listing Contact
    Karen Mathison
    Karen Mathison

    Learn more

    Property Insight Report

    HighLights

    • Buildable lot available.
    • On‑site storage garages included.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Vinton
    County
    Benton
    State
    Iowa
    Longitude
    -92.035709533455
    Latitude
    42.162396976806

    Nearby Comparable

    • $170,000
      2,376 SF

      Vinton, IA Commercial Barn - $170K

      Spacious 2-story barn, vacant, ideal for redevelopment.
      910 J Ave, Vinton, IA 52349
      View Details
    • $170,000
      0.71 Acres

      Vinton, IA Industrial Building - $170k

      Spacious Industrial Building, 0.71 Acres
      910 J Ave, Vinton, IA 52349
      View Details
    • Contact for pricing
      0.67 Acres

      Prime Vinton Investment Opportunity

      Historic Hospital, 0.67 Acres
      916 9Th St, Vinton, IA 52349
      View Details
    • $700,000
      2,639 SF

      916 9Th St

      Restaurants • 2,639 SF
      916 9Th St, Vinton, IA 52349
      View Details
    • $220,000
      1.06 Acres

      Vinton Commercial Land - $220K

      Iowa commercial lot, 1.06 acres.
      1002 K Ave, Vinton, IA 52349
      View Details
    • Contact for pricing
      1.32 Acres

      Vinton Commercial Land - 1.32 Acres

      Prime Vinton commercial lot, high visibility.
      911 K Ave, Vinton, IA 52349
      View Details
    • $105,000
      0.51 Acres

      Prime Vinton Commercial Land

      0.51-acre lot, excellent location.
      1003 J Ave, Vinton, IA 52349
      View Details
    • $272,000
      1.31 Acres

      Prime Vinton Commercial Land

      1.31 Acres, Comm Zoning, $272,000
      910 K Ave, Vinton, IA 52349
      View Details
    • $200,000
      1.49 Acres

      Vinton Commercial Land: 1.49 Acres

      Prime Vinton location, C-zoned, $200,000.
      0 K Ave, Vinton, IA 52349
      View Details
    • $200,000

      Commercial Land Near State Hwy

      1.49 acres of commercial land for sale.
      S K Ave, Vinton, IA 52349
      View Details
    • Contact for pricing
      2.25 Acres

      Vinton Industrial Land - 2.25 Acres

      Prime Vinton industrial land, ready for development.
      1613 1St St, Vinton, IA 52349
      View Details
    • $1,950,000
      Pending

      Vinton Manufacturing Facility with Crane

      50,000+ sq ft manufacturing facility with expansion potential.
      1705 W E St, Vinton, IA 52349
      View Details

    Nearby Similar for Sale

    • $1,950,000
      Pending

      Vinton Manufacturing Facility with Crane

      50,000+ sq ft manufacturing facility with expansion potential.
      1705 W E St, Vinton, IA 52349
      View Details
    • $170,000
      0.71 Acres

      Vinton, IA Industrial Building - $170k

      Spacious Industrial Building, 0.71 Acres
      910 J Ave, Vinton, IA 52349
      View Details
    • Contact for pricing
      2.25 Acres

      Vinton Industrial Land - 2.25 Acres

      Prime Vinton industrial land, ready for development.
      1613 1St St, Vinton, IA 52349
      View Details
    • Contact for pricing
      0.67 Acres

      Prime Vinton Investment Opportunity

      Historic Hospital, 0.67 Acres
      916 9Th St, Vinton, IA 52349
      View Details
    • $170,000
      2,376 SF

      Vinton, IA Commercial Barn - $170K

      Spacious 2-story barn, vacant, ideal for redevelopment.
      910 J Ave, Vinton, IA 52349
      View Details
    • $700,000
      2,639 SF

      916 9Th St

      Restaurants • 2,639 SF
      916 9Th St, Vinton, IA 52349
      View Details

    FAQs

    What type of property is this?
    Land - 0.21-acre lot with 8 storage units.
    Where is this land located?
    The property is located at 908 J Ave Vinton, IA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Buildable lot available.; On-site storage garages included.;
    Request Owner's contact information
    908 J Ave Vinton, IA 52349
    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.
    908 J Ave
    Vinton, IA 52349
    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
    908 J Ave Vinton, IA 52349
    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!
    Listing Contact
    Karen Mathison
    Karen Mathison
    Real Estate License ID: IA S61754000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.