Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    302 Trl Rdg Ave Indianola, IA 50125

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    302 Trl Rdg Ave Indianola, IA 50125

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 302 Trl Rdg Ave

    Year built
    2999
    Property type
    Retail properties & Spaces

    Description

    This exceptional new retail opportunity is located in the thriving city of Indianola, Iowa. The property, situated at 302 E Trail Ridge, offers five modern and versatile suites within a single, newly constructed building. Each suite boasts ample space, ranging from 1,446 to 2,905 square feet, providing flexibility for a variety of businesses. The building's prime location, just off N Jefferson Way, ensures high visibility and significant foot traffic. This is an ideal location for businesses seeking exposure in a rapidly growing community. The property's modern design allows for customization, enabling tenants to create spaces perfectly tailored to their specific operational needs. The development is a neighborhood/strip center, offering a convenient and accessible shopping experience for local residents. The property's proximity to a Starbucks further enhances its appeal and visibility. This is a rare opportunity to secure retail space in a highly desirable location within a dynamic and expanding market. The single-story building provides easy access and convenient functionality for both employees and customers. Don't miss this chance to establish your business in this vibrant and growing community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.5546
    Latitude
    41.3842

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      1807 2Nd Ave

      Lifestyle centers • 1.00 Acre
      1807 2Nd Ave, Indianola, IA 50125
      View Details
    • Value Estimation by Request

      504 Jefferson Way

      Retail properties & Spaces
      504 Jefferson Way, Indianola, IA 50125
      View Details
    • Value Estimation by Request
      2,250 SF

      810 2nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,250 SF
      810 2nd Ave, Indianola, IA 50125-2350
      View Details
    • Value Estimation by Request
      956 SF

      1205 Jefferson Way

      SERVICE STATION (FULL SERVICE) • 956 SF
      1205 Jefferson Way, Indianola, IA 50125-3270
      View Details
    • Value Estimation by Request
      432 SF

      109 Jefferson Way

      GAS STATION • 432 SF
      109 Jefferson Way, Indianola, IA 50125-2619
      View Details
    • Value Estimation
      $645,000
      4,750 SF

      301 Trl Rdg Ave

      CONVENIENCE STORE • 4,750 SF
      301 Trl Rdg Ave, Indianola, IA 50125-4876
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Westroads Shopping Center Pad Sites

      Pad sites available for sale or lease at Westroads Shopping Center.
      1807 W 2Nd Ave, Indianola, IA 50125
      View Details
    • Contact for pricing

      Retail Development Land Available

      Prime retail development land in Indianola, Iowa.
      2103 N 3Rd Ln, Indianola, IA 50125
      View Details
    • Contact for pricing

      Mixed-Use Property on Indianola Square

      Mixed-use property with commercial space and residential units.
      107 W Salem Ave, Indianola, IA 50125
      View Details
    • Contact for pricing

      Commercial Building on 2.15 Acres

      9,185 sq ft commercial building on 2.15 acres.
      12220 168Th Ave, Indianola, IA 50125
      View Details
    • $550,000
      6,528 SF

      Spacious Showroom with Classrooms

      6,528 SF showroom featuring classrooms and office space.
      1508 North Jefferson Way, Indianola, IA 50125
      View Details
    • $200,000

      Indianola Commercial Building on Acreage

      9,185 SF commercial building on 2.15 acres near Indianola.
      12220 168Th Ave, Indianola, IA 50125
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      2,948 SF

      New Retail/Office Space Available

      Modern, customizable retail/office space in growing Indianola community.
      302 East Trail Ridge Ave, Indianola, IA 50125
      View Details
    • Contact for pricing
      3,256 SF

      Commercial Office Building For Lease

      Stand-alone office building with parking, near Simpson College.
      112 E Detroit Ave, Indianola, IA 50125
      View Details
    • Contact for pricing

      Westroads Shopping Center Outlots

      Outlots available for sale or lease at Westroads Shopping Center.
      1807 W 2Nd Ave, Indianola, IA 50125
      View Details
    Request Owner's contact information
    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.
    302 Trl Rdg Ave
    Indianola, IA 50125
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!