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102 East Bridge Rd Polk City, IA 50226

Commercial real estate Google Maps
2.9 ac lot
Entity Owned 6-yr Hold Free & Clear
Estimated value (blended)
$215k
Range $194k – $237k (±10%)
Property ID US25-0000517

Property summary

AI-generated overview

This exceptional 3.99-acre commercial land parcel presents a remarkable investment opportunity in Polk City, Iowa. Situated at the highly visible southeast corner of NW Polk City Drive and East Bridge Road, this rectangular lot enjoys a prime location at the city's main commercial intersection. The C-2 zoning allows for a variety of development options, making it ideal for constructing a small office building or retail space. The property benefits from exceptional visibility and high traffic counts, with 8,500 vehicles per day on South 3rd Street and 8,800 vehicles per day on East Bridge Road. This strategic location is surrounded by established businesses, including McDonald's, Subway, Casey's, Scooter's Coffee, Luana Savings Bank, Anytime Fitness, Sands Chiropractic, and Fareway, ensuring high foot traffic and strong consumer presence. The asking price is $2,608,845. This property offers significant potential for growth and return on investment in a thriving community. The address is 102 East Bridge Road, Polk City, IA 50226. Don't miss this chance to acquire a premier commercial property in a rapidly developing area.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 2.9 ac (126,455 SF)
APN 261/00177-500-239
UPID US25-0000517

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$215k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$215k

Owner & transaction history

since 2019
1 recorded transaction
2019
$1.1M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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