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Property profile & analytics
OFF-MARKET
Flex space

102 23rd St Fairfield, IA 52556-4201

7,104 SF 1.45 ac lot Built 1981
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US25-2068639
Property summary
AI-generated overview

This exceptional 7,104 square foot multi-use commercial building situated on a spacious 1.45-acre lot in Fairfield, IA, presents a remarkable investment opportunity. The property boasts a versatile layout ideal for a variety of businesses, from light manufacturing to general commercial use. Key features include three-phase power, overhead doors for easy access, and ample finished office space. The building also offers substantial vehicle and equipment storage areas, catering to diverse operational needs. The property's adaptability is further enhanced by its potential for separation into multiple tenant spaces, maximizing rental income potential. An upstairs apartment or office area adds to the property's flexibility and value. While much of the interior drywall is installed, some finishing work remains, allowing for customization to suit a buyer's specific requirements. The property benefits from extensive parking, multiple restrooms, and a highly desirable location. This property offers significant potential for growth and return on investment, making it an attractive proposition for discerning buyers seeking a versatile and well-located commercial space. The combination of size, location, and adaptable design makes this a truly unique opportunity in the Fairfield market.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1981
Construction FRAME
Total area 7,104 SF
Lot 1.45 ac (63,162 SF)
APN 06-27-476-015
UPID US25-2068639
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Red Cannon Expedition Electronics & Wireless Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Happyland Properties LLC · 3 yrs held
Happyland Properties LLC
since 2022
Last sale
$147,500
3 recorded transactions
2022
$147,500
2015
Price N/A
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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