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    Hwy 28 & Turnberry Rd Norwalk, IA 50211

    Sponsored
    For Lease
    $26 SF/Yr ($15,028 /Mo)

    Prime Norwalk, IA Retail Opportunity

    Lot size:
    6,936 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Turnberry Square offers 6,936 square feet of Class A retail space in a brand-new, single-story building (2022 construction) located at the intersection of Highway 28 and Turnberry Road in Norwalk, Iowa (zip code 50211, Warren County). This exceptional property boasts excellent visibility on a major retail thoroughfare, Highway 28 (Sunset Drive), ensuring high traffic volume and exposure for your business. The building is comprised of four suites, with a minimum divisible space of 1,730 square feet and a maximum contiguous space of 6,936 square feet, offering flexibility for various business needs. Currently, 2,131 square feet are available for lease. The property is categorized as both retail and restaurant-suitable, making it ideal for a wide range of businesses. This is a unique opportunity to establish a presence in a thriving retail area within a modern, high-quality building. The property's location in Norwalk, Iowa provides access to a strong local market and convenient access to major transportation routes. The building's design and construction reflect the highest standards, ensuring a premium environment for tenants and customers alike. This is a rare opportunity to secure space in a newly constructed, highly visible retail center in a desirable Iowa location.

    Property Features for 0 Hwy 28 & Turnberry Rd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,936 SF
    Class
    A
    Total Rate
    15028

    Building Details

    Year Built
    2022
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    2,036 SF
    Rate per SF
    $26

    HighLights

    • 6,936 SF of Class A retail space in a new, single‑story building (2022 construction) at Highway 28 & Turnberry Rd, Norwalk, IA (50211).
    • High‑visibility location on Highway 28 (Sunset Drive) with high traffic volume.
    • Divisible suites from 1,730 SF to 6,936 SF; 2,131 SF currently available.
    • Suitable for retail and restaurant uses.
    • Phase II available for build‑to‑suit or sale; grease interceptor onsite; 70' bay depth; tenant improvement allowance available; Highway 28 traffic count: 16,600 VPD.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Norwalk
    County
    Warren
    State
    Iowa
    Longitude
    -93.674023829289
    Latitude
    41.492693682599

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    FAQs

    What type of property is this?
    Restaurant - Prime Norwalk, IA Retail Opportunity
    Where is this restaurant located?
    The property is located at Hwy 28 & Turnberry Rd Norwalk, IA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 6,936 SF of Class A retail space in a new, single-story building (2022 construction) at Highway 28 & Turnberry Rd, Norwalk, IA (50211).; High-visibility location on Highway 28 (Sunset Drive) with high traffic volume.; Divisible suites from 1,730 SF to 6,936 SF; 2,131 SF currently available.
    Request Owner's contact information
    Hwy 28 & Turnberry Rd Norwalk, IA 50211
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    Norwalk, IA 50211
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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

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    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
    Hwy 28 & Turnberry Rd Norwalk, IA 50211
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