Commercial Real Estate Market in Nevada, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
63 active listings and 555 off-market properties in Nevada, IA.
Market Trends
Nevada, IA spans 117.3 square miles in Story County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Nevada, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Nevada, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Nevada, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Nevada, IA asks $129/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
Nevada, IA has 8,427 residents in 3,806 households. Density runs 72 people per square mile. Median household income here is $81,989 and median gross rent $908 a month.
8,427
Population
3,806
Households
2.2
Avg Household Size
41
Median Age
32%
College-Educated
94%
High-School Grad
117.3 sq mi
ZIP Area
72
Density / Sq Mi
$81,989
Median Household Income
$45,960
Median Earnings
$908
Median Rent
$186,500
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Colo | — | — |
| Iowa Center | — | — |
| Ames | — | $18.63 |
| Cambridge | — | — |
Commercial property in Nevada, IA asks $138/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Nevada?
Commercial property in Nevada, IA asks an average of $138 per square foot. The 7 most recent recorded sales traded at a median of $52/SF, so asking sits 166% above the achieved median. Multifamily carries the highest asking price at $129/SF.
Where does Realmo's Nevada market data come from?
Realmo compiles Nevada, IA figures from 7 recent recorded sales, 63 active sale listings, 555 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 63 active for-sale and 0 active for-lease listings in Nevada, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
