112 1st E Ave Newton, IA 50208-3742
This exceptional 900-square-foot office space is ideally situated in the heart of downtown Newton, Iowa. The single-tenant building, constructed in 1902 and extensively renovated in 2015, boasts a desirable traditional office layout suitable for various professional uses, including executive offices or medical practices. The property features 11-foot ceilings, creating an airy and spacious atmosphere. The building sits on a 0.06-acre lot (2,464 square feet) and includes three parking spaces – two on the street and one in the alley. Its convenient main street location offers excellent visibility and accessibility. The property is zoned C-CBD, reflecting its prime commercial location. The building's former use as a dental office suggests a readily adaptable layout. Landlord finish-out options may be available to customize the space to meet specific tenant needs. Property taxes are currently $0 per square foot. The Assessor's Parcel Number (APN) is 0834138009, located in Jasper County, Iowa, at 112 1st Ave E, Newton, IA 50208. This is a rare opportunity to acquire a well-maintained, centrally located office building in a thriving downtown area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.