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    Commercial Lots Adel, IA 50003

    • Retail properties
    • 1,500 SF
    • 20.93 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 Commercial Lots

    Lot size
    20.93 lot acres
    Property size
    1,500 SF
    Property type
    Retail properties

    Description

    This exceptional commercial real estate opportunity encompasses 20.93 acres of prime retail land in Adel, Iowa, located in Dallas County, zip code 50003. The property, known as Commercial Lots Plat 3, offers flexible space options ranging from 1,500 to 3,000 square feet, making it ideal for a variety of retail businesses. Its strategic location provides excellent visibility and accessibility due to its frontage along Highway 169, a major thoroughfare ensuring high traffic volume and exposure. The land is divisible, allowing for tailored development to suit individual business needs. This presents a unique chance to establish a presence in a growing community. Further enhancing the investment potential is a proposed 152-unit residential project situated just south of lots 8, 9, and 10, promising increased foot traffic and a thriving local market. The property's location at latitude 41.629789 and longitude -94.0491077 provides easy access to local amenities and transportation networks. This is a rare opportunity to acquire a significant parcel of commercial land in a desirable location with strong growth potential. The total area is approximately 2,000,000 square feet. Contact us today to learn more about this exceptional investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Adel
    County
    Dallas
    State
    Iowa
    Longitude
    -94.0491
    Latitude
    41.6298

    Comparable in this City

    • Value Estimation by Request
      3,379 SF

      621 Cmn Pl

      CAR WASH - AUTOMATED • 3,379 SF
      621 Cmn Pl, Adel, IA 50003-8043
      View Details
    • Value Estimation
      $575,000
      6,771 SF

      510 Nile Kinnick N Dr

      AUTO REPAIR, GARAGE • 6,771 SF
      510 Nile Kinnick N Dr, Adel, IA 50003-1114
      View Details
    • Value Estimation by Request
      7,424 SF

      618 Greene St

      RETAIL STORES (PERSONAL SERVICES) • 7,424 SF
      618 Greene St, Adel, IA 50003-1813
      View Details
    • Value Estimation by Request
      2,922 SF

      707 Greene St

      CAR WASH - AUTOMATED • 2,922 SF
      707 Greene St, Adel, IA 50003-1816
      View Details
    • Value Estimation by Request
      2,760 SF

      119 Nile Kinnick S Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,760 SF
      119 Nile Kinnick S Dr, Adel, IA 50003-1726
      View Details
    • Value Estimation by Request
      6,000 SF

      809 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      809 Main St, Adel, IA 50003-1450
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Adel, IA Commercial Lots

      Prime Retail Land, Hwy 169 Frontage
      0 Commercial Lots, Adel, IA 50003
      View Details
    • $265,000
      Pending

      Restaurant with Outdoor Patio Dining

      Thriving restaurant in historic Adel with outdoor patio.
      909 Main St, Adel, IA 50003
      View Details
    • $500,000
      Pending

      Residential Land in Growing Community

      8.52-acre parcel ideal for residential development or dream acreage.
      Northwater Outlot X Parcel Bb St, Adel, IA 50003
      View Details
    • $205,000
      3.48 Acres

      Residential Land in Adel, Iowa

      Large residential lots with paved access and city sewer.
      2701 Southbridge Dr, Adel, IA 50003
      View Details
    • $1,300,000
      6 SF

      Commercial Land Development Opportunity

      6.78 acre commercial land for development in Adel, Iowa.
      Hwy 169 & Mdw Rd, Adel, IA 50003
      View Details
    • Contact for pricing
      106,375 SF

      Adel Warehouse: 106,375 SF

      Prime Iowa industrial warehouse, Des Moines metro access.
      26378 289Th Pl, Adel, IA 50003
      View Details
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    Adel, IA 50003
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    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
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