1006 19Th St Newton, IA 50208
This exceptional 52.28-acre parcel presents a prime development opportunity in Newton, Iowa. Strategically located near I-80, this property boasts convenient access to major transportation routes. Currently zoned R-3 Mixed Residential, the land offers significant potential for a variety of residential projects, including single-family homes and multi-family dwellings. The site is situated within an established residential area, providing a desirable location for future residents. Its proximity to schools, the YMCA, the airport, and the Iowa Speedway further enhances its appeal. With a total land area of 2,284,896 square feet, this expansive tract offers ample space for large-scale development. The asking price is $2,277,317, translating to $43,560 per acre. This represents a compelling investment opportunity in a thriving community with strong growth prospects. The property's location north of I-80 ensures easy access for commuters and residents alike. Detailed zoning information and future land use plans are available upon request. This is a rare opportunity to acquire a significant land holding in a desirable location with excellent infrastructure and amenities. Don't miss out on this chance to shape the future of Newton.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.