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    135 80Th St Fairfax, IA 52228

    • Office Properties & Spaces
    • 3,055 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 135 80Th St

    Year built
    2010
    Lot size
    0.31 lot acres
    Property size
    3,055 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Medical offices

    Description

    This exceptional investment opportunity presents a 3,055 square foot medical office building, currently operating as a thriving veterinary clinic, available for sale-leaseback. Located at 135 80th St, Fairfax, IA 52228, this single-story, 2010-built property sits on a 0.306-acre lot and is zoned C2, Highway Commercial. The asking price is $475,000, representing a compelling price per square foot of $155.48 and a 9.62% cap rate. The property boasts a 100% occupancy rate with a strong, creditworthy tenant committed to a 3-5 year lease at $14.95 per square foot, NNN. The gross lease structure simplifies ownership, and the low-maintenance aspect is further enhanced by HOA fees covering insurance, trash removal, lawn care, and snow removal. This commercial condominium is ideally situated in Fairfax, a convenient bedroom community to Cedar Rapids (population ~276,000, median age 36). The property's Net Operating Income (NOI) is $45,672. The APN is 20102-52013-01000. This sale-leaseback presents a stress-free ownership experience with minimal involvement, making it an attractive addition to any investment portfolio. The property features one building with a single story.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fairfax
    County
    Linn
    State
    Iowa
    Longitude
    -91.7744
    Latitude
    41.9285

    Comparable in this City

    • Value Estimation by Request
      3,840 SF

      125 80th St Ct

      OFFICE (GENERAL) • 3,840 SF
      125 80th St Ct, Fairfax, IA 52228
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    • Value Estimation
      $680,000
      7,152 SF

      98 Cemetery Rd

      OFFICE (GENERAL) • 7,152 SF
      98 Cemetery Rd, Fairfax, IA 52228-9321
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    • Value Estimation
      $395,000
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      60 Cemetery Rd

      OFFICE (GENERAL) • 3,768 SF
      60 Cemetery Rd, Fairfax, IA 52228-9520
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    • Value Estimation
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      9,808 SF

      54 Cemetery Rd

      OFFICE (GENERAL) • 9,808 SF
      54 Cemetery Rd, Fairfax, IA 52228-9520
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    • Value Estimation
      $395,000
      3,440 SF

      701 Williams Blvd

      OFFICE (GENERAL) • 3,440 SF
      701 Williams Blvd, Fairfax, IA 52228-9773
      View Details
    • Value Estimation by Request
      13,742 SF

      104 Williams Blvd

      OFFICE (GENERAL) • 13,742 SF
      104 Williams Blvd, Fairfax, IA 52228-9514
      View Details

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    Similar Nearby for Lease

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    135 80Th St
    Fairfax, IA 52228
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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

    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.

    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
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